Group items tagged

Group-wide and including the joint venture plants, Leoni now has 11 facilities in China with a total of about 6,000 employees. In terms of consolidated sales, which in the current financial year will amount to about 350 million euros, China meanwhile represents the third largest market after Germany and France. The Company has been operating for 18 years with its own facilities in China. To be able to satisfy the heavy demand from the automotive industry for cable harnesses and wiring systems, and especially to be able to supply for new vehicle models, Leoni is also setting up new production lines and expanding existing plants in other regions. The Wiring Systems Division alone currently has 12 capital investment projects, involving for instance plans for two new facilities in Egypt as well as one each in the Ukraine and Russia. Furthermore, there will be additional production halls in Brazil, Mexico, Morocco, Tunisia and Serbia among other places. After the expansion is completed, the Wiring Systems Division’s network will comprise more than 30 production facilities with a total of more than 550,000 square metres of factory floor space.

Vale´s copper output jumped 30% to an all-time high in the second quarter of 2013, mainly due to the ramp-up of its operations in Brazil and Zambia.

Developing countries such as China, India and Brazil have large populations and are modernizing quickly, but closing the gap with the developed world will require a large amount of electric power. HVDC is the most environmentally friendly and economical way of transmitting large amounts of electric power. Compared with AC, DC transmission needs much narrower right-of-ways, while higher voltages reduce both electricity losses and the cost of building large-scale power lines. As generation takes place further and further away, higher and higher transmission voltages are required. The highest DC transmission voltage has almost doubled during the last decade

Sewedy plans to boost its output by 18.5 percent to 160,000 tonnes this year, with a further increase to between 185,000 and 190,000 tonnes planned for 2011. Sewedy had forecast a 25 percent year-on-year rise in 2010 net profit, saying other cable makers had cut production to ride out the recession in Europe, offering the firm an opportunity to boost exports and increase profit margins in 2010.

It exports to the Middle East and north Africa, Spain, Portugal, eastern Europe and Brazil, with African countries taking 30 percent of its exports. Sewedy said in September it would increase output this year and next to meet growing demand. It plans to boost output by 18.5 percent to 160,000 tonnes this year, with a further increase to 185,000-190,000 tonnes in 2011.

"Very strong transmission cable demand in the United States and Brazil as well as a growing business in Mexico offset normal seasonal volume declines in other product areas in North America and ROW. In Europe, the Company experienced better than expected demand across the majority of its businesses and the achievement of project milestones associated with our submarine energy cable business. Our project related businesses by their nature have been and we expect will continue to be volatile in terms of their revenues and earnings recognition. While the benefit of a stronger fourth quarter in our transmission and project related businesses is welcome, our end markets and overall demand have only started to improve in many locations.

Production of small SHP improves in the country