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S.A. Eredi Gnutti Metalli S.p.A., an Italian copper and copper-alloy extrusions and flat rolled product fabricator, has taken over Dalmet S.p.A., another Italian company which competes in the production of copper and copper-alloy flat rolled products. Dalmet has the capacity to supply 3,000t/y of flat rolled products to the electrical, electromechanical, electronic and automotive components, ornaments, door locks and medals manufacturing markets. With this acquisition Eredi Gnutti increases its rolling and casting capacity.

Italian fabricator, Eredi Gnutti Metalli, said in an interview with Reuters that it foresees a slight recovery in brass rod output and further decline in rolled products for the construction sector, which has remained weak. The company plans to produce 110,000 tonnes of brass rod in the current fiscal year (2010/11), compared to 100,000 tonnes a year ago. So far its orders have been driven by restocking activity and it expects industrial demand to return to pre-crisis levels in 3 to 4 years without major shocks in the economy. The company's copper cathode purchase has been cut by 25% from pre-crisis level to around 12,000 tonnes to 14,000 tonnes a year.

It was reported that Eredi Gnutti Metalli (EGM), Italy's leading copper alloy semis fabricator, holds a positive outlook on production in the coming months in spite of economic turbulence in the eurozone. The company is hoping to increase its production to between 120,000t and 130,000t in the 2012 fiscal year. EGM has been undergoing a process of consolidation in recent months and has recently procured copper and copper alloy semis fabricator Ilnor.