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Colin Bennett

Eastern European Market For Automation And Control Solutions - 0 views

  • The most significant challenge in the Eastern European ACSs market is the need to provide solutions with greater compatibility. In the former communist countries in this region, almost all the privatised old factories have outdated technology that needs to be modernised.
Piotr Ortonowski

China - Eastern Copper commissions 320,000t/y copper wirerod plant - 0 views

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    Eastern Copper, a copper wirerod producer based in Shandong Province, announced that it has recently commissioned its second continuous copper wire rod plant. The plant will be able to produce 320,000t/y of high quality copper wirerod at full capacity.
James Wright

USA - International Wire Group acquires plants in southwestern US and Eastern Europe - 0 views

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    New York headquartered, International Wire Group Holdings Inc. reported that it acquired two production facilities. The company purchased the machinery and equipment of Ffhoenix Cuivre LLC in Santa Teresa, New Mexico and assumed the related building lease, adding to its existing manufacturing capacity in the southwestern United States. In addition, the company has started manufacturing at its new plant in Dabrowa Gornicza, Poland, which it anticipates will serve its growing Eastern European customer base. The initial investment for the two expansions amounts to approximately $14.5 million.
Colin Bennett

Americans face six-fold hike in exposure to extreme heat by 2070 - 0 views

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    ""Our results indicate that areas of eastern Texas, Florida, the south-east and mid-Atlantic are areas where rapid population growth, acting in concert with a warming climate, will lead to a significant increase in exposure to heat extremes," says Jones."
Panos Kotseras

US - World copper tube and pipe market analysis - 0 views

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    According to a recent report published by Global Industry Analysts, the global copper tube and pipe market will exceed 3.6 million tonnes by 2015. While mature regions such as North America, Western Europe and Japan exhibit flat or negative growth, emerging economies in Asia-Pacific, Eastern Europe and the Middle East will generate significant prospects for the copper tube and pipe industry. The fastest growth will be realised in China because of its ongoing industrialisation and urbanisation activity.
Colin Bennett

Alcoa To Host Webcast of Annual Meeting of Shareholders - 1 views

  • Alcoa (NYSE:AA) will host a live webcast of its 2013 Annual Meeting of Shareholders on Friday, May 3, 2013, beginning at 9:30 a.m. (Eastern Time).
Colin Bennett

YAMAKIN to Establish New Base in Indonesia - 0 views

  • It is the second base in south-eastern Asia following Thailand, and it responds to increasing demand for automobile and electronic materials.
Colin Bennett

Mexico's Ahmsa moving ahead with copper project in Israel - 0 views

  • Ahmsa Steel Israel, a subsidiary of Mexican integrated steel producer Altos Hornos de México, is moving ahead with a project to produce copper in the Middle Eastern country’s Negev desert.
Colin Bennett

HVAC Drives: Environmental And Economic Concerns Spur Growth - 0 views

  • “Several factors, including spiralling energy costs and mandatory compliance with energy-efficiency standards, together with a focus on air quality and its impact on human health, are boosting the European HVAC electric drives sector,” notes Frost & Sullivan Research Analyst Ramasubramanian Natarajan. “Regional trends, such as infrastructural growth in Eastern Europe, are reinforcing market potential.”
Colin Bennett

HVDC Electricity Transmission Technology Growth to 2020 - 0 views

  • According to the report, approximately 333 gigawatts (GW) of new HVDC transmission capacity will be added between 2013 and 2020.  For comparison, peak demand in the United States is estimated to be approximately 800 GW in 2013.  In China alone, nearly 200 GW of new HVDC transmission capacity is planned for build-out over the next 8 years.  Energy from hydroelectric generation in distant inland locations will be tapped and transported to power big cities along the eastern and southern coast.
Colin Bennett

Alcoa to Host Webcast of Third Quarter 2013 Results - 0 views

  • NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) will hold a conference call on Tuesday, October 8, 2013 beginning at 5:00 p.m. (Eastern Time) to discuss Third Quarter 2013 results and business developments. The conference call will be webcast live via Alcoa's website, with presentation materials available on-line.
Panos Kotseras

Egypt - El Sewedy's profits jump by 53% y-o-y in Q2 - 0 views

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    El Sewedy Cables said that profits surged by 53% y-o-y to 270 million Egyptian pounds in Q2 2010 (US$47 million), beating analysts' forecasts. The company engages in the production of cables for the power and telecommunication sectors. It was reported that because other cable makers had cut output due to the recession, El Sewedy was offered the opportunity to boost exports and increase profit margins in 2010. The company has production facilities in Egypt and 10 other countries, and exports to the Middle East, North Africa, Spain, Portugal, eastern European countries and Brazil.
Colin Bennett

El Sewedy to operate Libya plant by end 2011 - 0 views

  • 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.
James Wright

Japan - Hitachi Cable to withdraw from the domestic copper tube business - 1 views

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    Because of slowing housing construction and the consequent decline in demand for gas appliances and water taps, the demand for brass bars in Japan is falling. Demand is also being affected by the decrease in car industry activity. As a result, brass bar makers in Eastern Japan are planning to reduce production output for the fourth quarter by 20-25% on a year-to-year basis. August production in Japan was ''as low as 16,362 tonnes'', according to the Japan Copper & Brass Association. Monthly order receipt volume for the last three months of 2008 is expected to average just 15,000 tonnes.
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    Kitz Metal Works, a brass bar maker and subsidiary of the Kitz group, announced plans to add a continuous casting line at its Chino plant in Japan. The US$2.6M development will add a further 18,000t-19,200t to the company's annual billet production capacity. Construction work is set to begin this month and the plant is expected to be commissioned by the end of the year. The company expects that the lower production cost of the new casting line will allow for the investment cost to be recovered within five years.
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    Hitachi Cable Ltd. announced that it will cease production at its Tsuchiura plant by March 2012, effectively ending its domestic copper tube business. The facility produces copper tubes for air conditioners and in FY2010 it contributed to a sales volume of 20,000t; a sales value of ¥17.76B or 4.2% of the company's total revenue. The withdrawal from the business is attributed to difficulty maintaining profitability after air conditioning manufacturers shifted operations to foreign markets. Hitachi will keep a 50-50 JV with Furukawa Electric in Shanghai and its 36% share of a Thailand based copper tube manufacturer.
Ruth Chapman

LS Cable to acquire Superior Essex - 0 views

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    Prysmian Cables & Systems has announced the signing of a four year frame agreement to design and supply flexible pipes for offshore oil and gas extraction with Petrobras of Brazil. Prysmian said it is to invest around $110 million constructing a new plant in Brazil and that the deal with Petrobras represented a major step forward in the company's operations in the Oil, Gas and Petrochemical services industry. Prysmian also announced the acquisition of the German cables manufacturer Facab-Lynen. Facab-Lynen generated sales of €62 million ($96 million) in 2007 and Prysmian said the acquisition will enable the company to further increase its production capacity and develop its market position in the special cables market, particularly in the fast growing renewable energy sector.
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    Deal worth $900 million
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    LS Cable and Superior Essex have announced the signing of a definitive agreement for LS Cable to acquire Superior Essex. The board of directors for both companies approved the agreement under which Superior Essex share holders will receive $45 per share making the deal worth $900 million. The acquisition, once complete will create the world's third largest wire and cable manufacturing company with Superior Essex continuing to operate under its current name as a wholly owned subsidiary of LS Cable. Nexans and Prysmian are the world's first and second ranked cable makers. LS Cable has a strong presence in the power and communications cable sector and in the Asian and Middle Eastern markets. Superior Essex is the world's largest magnet wire producer and leads in the North American communications market as well as having operations in North America, Europe and China.
Matthew Wonnacott

SuperPower to double its production of super conducting wirerod - 0 views

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    Sumitomo Electric Industries Ltd., Yazaki Corp. and other automotive wiring harness manufacturers have temporarily shut down some of their production lines in Thailand. This follows the severe flooding which directly led to Honda Motor Co. closing down local assembly lines at its factory in Bangkok as well as Toyota Motor Co. shutting down its three plants in Eastern Thailand due to parts shortages.
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    Japan Metal Daily reported that Sumitomo Electric Industries Ltd.'s construction of new automotive wiring harness manufacturing facilities will be ongoing until April 2012. This follows a press release from Sumitomo Electric Industries Ltd. in February 2011 detailing the company's proposals for new wiring harness production facilities in Vietnam and China. The February announcement states that the company's Vietnam-based production will increasingly supply Japan and the US, whereas Chinese production will serve local needs as well as demand from Japan and the US. The new Vietnamese factories were originally intended to begin operations in October 2011, whereas the start date outlined for facilities in China was June 2012.
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    JX Nippon Mining & Metals, an integrated Japan-based refined copper and semi-finished products fabricator, began full-scale production of an ultrathin rolled copper foil, measuring between 6 and 9 microns in thickness. The new products are suitable for use in smartphones and tablet PCs. Advances made in the company's rolling and surface roughening process technology led to the development of the new products. The company estimates that it holds a 75% global market share of treated rolled copper foil, which finds its main application in flexible printed circuit boards for mobile devices.
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    SuperPower Inc, a subsidiary of Furukawa Electric, announced on 7th December that it plans to double the production capacity of superconducting wirerod at its US plant in 2013. The company said it anticipates demand for the wirerod, which is used in areas such as superconducting magnetic energy storage, will increase over the next four to five years, and that it is intending to raise production to meet the new demand.
Colin Bennett

India copper demand, exports seen up - 0 views

  • NEW DELHI, Jan 29 - India's copper demand will rise 7 percent this year, fed by strong growth in the power, automobile, construction and infrastructure sectors, but rising output will help exports jump, the head of a leading producer said on Friday. "There is no reason why copper, which is a basic ingredient in these sectors, won't grow around 7 percent," Shakeel Ahmed, chairman and managing director of state-run Hindustan Copper Ltd, told Reuters from India's eastern city of Kolkata.
Colin Bennett

Outokumpu - 100 years since the discovery of copper ore - 0 views

  • On March 16, 2010 a hundred years have passed since a rich copper ore deposit was discovered in Outokumpu in the eastern part of Finland. This discovery led to the establishment of Outokumpu Oy and a booming mining industry in Finland. Over the years, Outokumpu has experienced a major transformation, evolving from a mining and multi-metal company
Colin Bennett

Global Copper Pipes & Tubes Market to Exceed 3.6 Million Tonnes by 2015, According to R... - 0 views

  • Growth in the market is projected to emanate from emerging economies in Asia-Pacific, Eastern Europe and Middle east. Despite slowdown in the global economy, these markets are expected to increase significantly over the next few years owing to continuing economic development. China represents the largest as well as the fastest growing market for copper pipes and tubes in the world. Ongoing industrialization and urbanization activity in the region are acting as major growth drivers for copper as well as copper pipes and tubes market.
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