LS Cable & Systems plans to grow by tapping the Indian market - 0 views
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LS Cable & Systems, the world's third largest manufacturer of wire and cable, reaffirmed on 23rd November that it is seeking to become the world's largest wire and cable manufacturer by 2020, and that it is targeting the value-added cable market in India as part of its strategy. The company, which according to chief executive officer Koo Cha-yol "has 33 manufacturing firms, 64 operational bases and four research centers in 26 countries," generates 60% of its sales abroad. LS Cables & Systems has been expanding these overseas sales through acquisitions, in recent years buying American cable maker Magnet Wire in 2008, and Chinese cable maker Hongchi in 2011, giving it access to the world's largest markets.
Indian companies face year of slow recovery - 0 views
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But signs of a broader recovery are harder to spot in sectors such as automotive, where carmakers are cutting back output in the face of dismal sales figures, the latest of which this week saw the market contract by about a quarter during February compared with the year before. Such reductions are, in turn, having a knock-on effect in sectors including steel, with large producers such as Tata Steel and Steel Authority of India, the nation’s two largest by sales, unveiling unexpectedly disappointing results during the past quarter. Tuesday’s data also showed further declines for companies in the country’s battered extractive industries, where recent production bans in big mining states have forced operations at companies such as the iron ore arm of London-listed Vedanta Resources to all but stop completely, pending legal reviews.
India's Additional Annual Housing Demand Estimated at 2.1M Units in Next 5 Years - 0 views
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In its latest report, Cushman & Wakefield (C&W) estimates that the total new demand that could be generated for residential dwellings in the period 2012–16 will be 11.8 million units across India. Of the total additional demand, the top eight cities (NCR [including Delhi, Gurgaon & Noida], Mumbai, Pune, Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata) will constitute 18% or 2.1 million units across categories. The annual report “Evolving Paradigm - Future of Indian Real Estate” is in association with Global Real Estate Institute (GRI).
Strategic Insight into the Indian Rail Market - 1 views
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"This market insight provides an outlook of the growth opportunities for the rail industry in India. Ambitious government plans coupled with unprecedented levels of foreign investment are leading to a complete overhaul of the rail environment in India. Over 39 cities are planning to invest in expansive urban rail networks to address severe traffic congestion problems. High-speed rail and dedicated freight corridors are planned to separate passenger and freight traffic to increase operating efficiency."
Electric Rickshaw Manufacturers Delhi - 0 views
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Automatic rickshaws are arriving to be more popular in some places in the Twenty first millennium as a second in the Indian because of their low cost. For conquering this automobile Lotus Power producers a top high quality electric rickshaw manufacturers in Delhi that is a better transportation system for new creative individuals.
Sterlite's net sales down 23% in Q1 - 0 views
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Indian copper and aluminium producer, Sterlite Industries, reported a 23% decrease in net income to $1.38 billion for the first quarter (April-June) of the 2013-14 fiscal year.
Ravin Cables sold to Italy's Prysmian - 0 views
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Global power cable major Prysmian Cables and Systems has acquired majority stake in Ravin Cables in a bid to foray into the Indian market, the companies said here on Wednesday.
Demand for Copper from India's Infrastructure Sector Remains Strong - 0 views
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It was reported that high metal prices and inflation at 12% in India will slow copper demand in domestic construction and electrical appliance sectors. However, Indian Copper Development Centre said as the country has ordered all equipment for its power projects, copper demand from the power sector will remain strong. Copper consumption is forecast to grow 8% this year and will reach 1.5Mt of copper in 2012. A similar trend is expected for the country's aluminium demand growth.
Mueller Industries posts weaker Q2 earnings - 0 views
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US speciality brass mill Ansonia Copper and Brass Inc. has announced that it will lay off 85 of the 102 employees at its Liberty Street, Ansonia, factory in Connecticut. The plant manufactures copper alloy rod and wires. Company President Raymond McGee said "it's a very, very difficult situation". He blamed the redundancies, on top of 76 employees laid off in April 2007, on the company's struggle with escalating costs. Since 2002 electricity costs have soared 239%, natural gas 200%, fuel oil 125%, and copper and nickel 500% apiece. Ansonia's other facility in Waterbury, CT, which manufacturers copper alloy tube is unaffected by the announcement.
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Further evidence of the impact of the North American economic slowdown on copper demand has recently been published by the ABMS and government statistical bodies. North American copper wirerod production plummeted 9.6% year-on-year to 174,000 tonnes in April. Output had been on a downward trend but the magnitude of the deterioration in April has still come as something of a surprise. A year-on-year increase of 2.0% in North American output January had been followed a 1.0% fall in February and a 2.7% drop in March. In April Canadian output was flat year-on-year due to improving export sales to the US, while US production fell 9.8% year-on-year and Mexican shipments slumped by 17.5%. On a year-to-date basis North American wirerod production was 2.9% lower in the four months to April 2008. Weakening demand from the automotive industry, coupled with a resurgance in copper prices and the return of Russian wirerod imports has clearly led to a deteriorating market situation for domestic mills.
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Mueller Industries second quarter results highlight the tough times that the US brass mill industry is facing, but that companies can still operate profitably in a challenging market environment. The company's plumbing and refrigeration segment saw sales fall 11% to US$404m, while its operating profits dropped 32% to US$35m. The company blamed lower shipment volumes and lower spreads for the weaker performance. Sales at the company's OEM division, which includes its brass rod activities, rose 10% year-on-year to US$354m, while its operating profits rose 5% to US$19m. The improvement here is due to acquisition of Extruded Metals. Commenting on the results Harvey Karp, Chairman of Mueller Industries said "Mueller's earnings for the first half of 2008 were achieved despite the continuing decline in the housing industry, the sub-prime mortgage meltdown, the turbulence in the financial markets, rising metal costs, sky-high energy prices and a slowing national economy. Considering these adverse circumstances, we are pleased with the results."
Astrology: Predictions 24 Feb 2010 Volatile trends for copper - 0 views
Volatile trends for copper As per financial astrology, 24th day of Feb is represented by Venus. Year 2010 is represented by Jupiter. Combination of Jupiter and Venus to create positive movem...
India - Hindustan Copper expects a rise in demand due to Japan's post-quake reconstruction - 0 views
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Indian copper miner Hindustan Copper Limited said that demand for copper and copper prices are expected to rise due to the reconstruction work in Japan after the earthquake. It was reported that Japan accounts for about 5% of global copper demand but this will increase as long as reconstruction begins. However, the global demand outlook is negatively impacted by the ongoing unrest in Libya and high oil prices.
India has to hugely expand nuclear power along with its entire power system - 0 views
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India has to hugely expand nuclear power along with its entire power system to bring electricity to 300 million people and move away from coal, according to a study by the International Energy Agency (IEA).
Gujarat National Law University to draft two key laws on deep sea mining - 0 views
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The Union ministry of earth sciences has asked Gujarat National Law University (GNLU) to prepare two draft laws that will lay the guidelines for deep sea mining in the Indian Ocean off India's territorial waters, and in Antarctic Ocean.
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