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Jon Barnes

Mueller Industries posts weaker Q2 earnings - 0 views

shared by Jon Barnes on 22 May 08 - Cached
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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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    Tough times in the US brass mill industry
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    Dowa Metanix announces capacity increase Company announces new pickling line and facility renewal Dowa Metanix, the rolled copper maker of the Dowa Metaltech group announced it will invest around ¥2 billion (US$ 19 million) in a new pickling line and renewal facility during the current fiscal year which began in April 2008. The new pickling line is expected to begin operations early in the fiscal year 2009 and the new line and improved facilities are expected to improve the firm's cost competitiveness. The company then said it plans to expand output capacity by 40% to 1,200 tonnes per month by 2010 as it tries to improve productivity to increase its supply for connector pins and semi conductor lead frames.
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    In the past few days world leading cablemaker Nexans has announced one acquisition, one new joint venture and one asset disposal. On the 30th May, Nexans acquired Intercond a leading Italian manufacturer of special cables for industrial equipment and subsea applications. The company had sales of €90m and employs 150. "This [€90m] acquisition fits totally in the Group's strategy by increasing the proportion of its business in high value-added special cables", said Gerard Hauser, Chairman and CEO of Nexans. On the 2nd June, Nexans released a press report confirming that it has formed a joint venture to create a wire and cable plant in Qatar, the country's first manufacturing facility. Qatar International Cable Company (QICC) is owned 29% by Nexans with the balance being owned by Special Projects Company and Al Neama Industrial Co. The new plant in the industrial city of Mesaleed, 40km from Doha, and will employ 210 people. By the end of 2009 it will begin manufacturing low and medium voltage cables for buildings and energy infrastructure as well as special cables for the oil and gas industry. This JV will generate sales of $150m per year by 2010 at current copper prices. Finally, Nexans confirmed that it has completed the pre-announced sale of its copper telecom cable plant at Santander in Spain to the British company B3 Cable Solutions for €17m. These three actions continue to refocus the group's strategy on priority market segments.
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    Hot on the heels of the news that Nexans was to build a joint venture in Qatar to construct the country's first wire and cable factory , comes today's news that El Sewedy Cables of Egypt is also to build a $150m power cable plant in Qatar. The 30,000tpy capacity plant will start operating at the end of 2009 or early 2010 and will mostly sell to the domestic market. El Sewedy will own 50% of the company and Qataru based Aamal Holding will hold the remainder. El Sewedy is currently building new cable factories in Algeria and Saudi Arabia, with both expected to start later this year.
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    Turkish copper semis producer Sarkuysan expects its output of copper products (wirerod, wire, tube and billet) to rise from 185,000 tonnes in 2007 to around 200,000 tonnes in 2008. According to the General Manager Hayrettin Cayci, "The market is forcing us to increase production as demand, particularly in Turkey, is very healthy", adding that demand came mainly from a Turkish property construction boom. "There's a big boom in demand for energy cables. Plus developed European countries have pulled away from cable production and they're mainly supplying from countries like Turkey". However, high copper prices have eroded profit margins so the company is focussing on more higher value products. He expected total Turkish copper demand (refined and scrap) to rise above 500,000 tonnes this year, from 450,000 tonnes now, and by 2010 he expected demand would reach 600,000 tonnes. Refined copper consumption is currently around 300,000 tonnes.
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    The Exsym Corporation, the joint venture between SWCC Showa Holdings and Mitsubishi Cable Industries, has announced plans to expand its exports of ultra high voltage cables to the Middle East and South East Asia. In order to meet this increase in demand, a horizontal sheathing line has been transferred to the company's Aichi plant in Japan. This will bring the number of sheathing lines for ultra high voltage cables at the plant to three, once the transferred line begins commercial operation over the summer. Exsym also plans to renew one of the two conductor stranding lines at the Aichi plant with the new line expected to begin commercial operation in November 2008. With these new lines as well as an increased number of construction staff, copper cable capacity at the plant is expected to grow by around 200 tonnes per month to 1,200 tonnes per month. In the fiscal year 2007, Exsym posted revenue of ¥41 billion ($0.39 billion) with an operating profit of almost ¥2 billion ($0.02 billion). Exports of ultra high voltage cables to the Middle East and South East Asia accounted for around 40% of the total revenue. The company expects the increase in export capacity to increase revenue to ¥43 billion ($0.41 billion) per year by the end of the fiscal year 2010.
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    Mitsubishi Shindoh is to invest Yen6-7 billion to expand production of copper strips at its Sambo plant in Osaka, Japan. This will increase capacity from 3,200 tonnes per month (tpm) to 4,200tpm by March 2010. In addition, the company will transfer 800tpm of copper strip production from its plant in Wakamatsu, Fukushima, Japan, bringing total production capacity to 5,000tpm. Mitsubishi Shindoh will also spend Yen6 billion to improve its copper alloy strip capabilities at its Wakamatsu plant. Productive capacity will remain at 6,500tpm, but with an increased ratio of high quality products. As a result, total company capacity will grow by 40% to 11,500tpm. Mitsubishi Shindoh is a copper and copper alloy fabricator within the Mitsubishi Materials Group. Japan mills have recently seen a strong growth in orders from the semiconductor, leadframe, connector and automotive industries, and clearly expect this to continue.
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    Hindalco Industries and Sterlite Industries - the two privately owned Indian copper smelter/refinery/rod producers - are considering changing their domestic pricing mechanism for copper due to the dramatic rise in oil prices. At present, a uniform pricing system for customers all over the country is in place, however, the companies are mulling a change to ex-works pricing. This would mean that customers would be charged a different price depending on their delivery destination from the smelter. To balance the recent hike in fuel prices, they had recently started levying a Rs2/kg freight charge across the country irrespective of distance. Diesel is used in firing the furnaces while furnace oil is used in running them. The total fuel cost is estimated at 10-12% of the price of copper, with 1% of this being the transportation cost. The fuel price hike has not affected domestic copper demand as yet, but a prolonged period of this sentiment may hit many developing infrastructure projects badly.
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    Jiangxi Copper said it expects Chinese refined copper consumption to grow at 8-10% this year driven by investment in the power industry. Power generation accounts for between 50-60% of all copper used in China. Damage to power generation capacity caused by this year's earthquake in Sichuan province will require a major rebuilding program which will also stimulate copper consumption. Chinese refined copper imports fell by 23% year on year between January and April, however, this decline was at least partly explained by a 23% expansion in Chinese refined copper production during the period. Wu Yuneng, General Manager of JCC Southern Copper said, "We need more concentrate and scrap rather than refined copper".
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    Four major Japanese copper tube producers plan to reduce production by 4% year-on-year to 84,220 tonnes in total during the first half of the fiscal year 2008 (April 07-March 08). It is reported that demand for copper tubes has fallen because of the inactive construction industry as well as high copper prices. The construction industry saw a major slowdown last year after the introduction of new building regulations. All four producers expected this weak trend to continue. Sumitomo Light Metal is the only producer who plans to increase its output estimate, but only by 1% year-on-year. Kobelco & Materials Copper Tube says that it would decrease normal tube output for export to adjust the inventory level at its Malaysian operation. Furukawa Electric and Hitachi Cable said they would need to focus more on their commercial tube businesses. It is believed that the tube market has also been hit by substitution from aluminium.
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    As of the 30th May, the Optical Cable Corporation acquired Superior Modular Products Incorporated (known in business as SMP Data Communications) in a deal worth $11.5 million. SMP Data Communications is now a wholly owned subsidiary of the Optical Cable Corporation. The President and CEO of Optical Cable, Neil Wilkin, said the acquisition would enable the company to expand its product offerings with more complete cabling and connectivity solutions, including fibre optic and copper connectivity. SMP Data Communications manufactures more than 2,000 products including cutting edge Category 6a connectivity solutions which offer a 10 Gig throughput.
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    A subsidiary of Japanese company Sumitomo Electric Industry Group, Sumitomo Electric Wintec Inc, has recently developed a new type of winding wire. The HGZ is a scratch-resistant winding wire for varnish impregnation for compressor motor. The company has started selling this new type of winding wire. This new development improves the adhesive tendency of varnish which solves the problem of varnish impregnation in fixing coil from traditional scratch-resistant winding wire. It also improves the energy efficiency of motor as it forms coil with higher density. Sumitomo Electric Wintec specialises in copper-based magnet wire and it serves mainly the manufacturers of air conditioners, automobiles, refrigeration equipment and televisions.
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    Luvata's ECO-Heatcraft division has launched a new technology for its air conditioning and refrigeration systems based upon using carbon dioxide as a refrigerant. The company believes that, as well as offering zero ozone depletion and less effect on global warming, the use of carbon dioxide can also allow more efficient operation of the system than traditional refrigerants. Luvata claims that, "The higher volumetric efficiency of carbon dioxide (known as R744) means that the cross sectional area of pipes used in heat transfer equipment can be reduced. As a result, equipment has the potential to be smaller, lighter, more efficient and better for the environment". The development of smaller diameter pipes with reduced wall thicknesses would tend to favour existing inner grooved copper tube based designs rather than emerging aluminium based technologies.
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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."
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Solar and Semiconductors Come Together In San Francisco - 0 views

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    The solar industry and semiconductor industry are intimately connected. Both industries rely on silicon and both use much of the same processing technology and supply chain to produce their products. Nowhere has this connection been on better display than last week at the Moscone Center in San Francisco California, where the Intersolar North America made its debut in conjunction with SEMICON West 2008. The show provided an opportunity for those in the two industries to connect and allowed those companies that work in both spaces to showcase their collective efforts. According to Chris O'Brien, Head of Market Development and Government Relations for North America for Oerlikon Solar, holding the two conferences together gave companies greater exposure and showed the promise of the U.S. solar market. In recent months a number of traditional semiconductor companies including Intel and National Semiconductor have made announcements that they are making plans to enter the solar industry in one way or another. Intel spun off it's solar research area into a new solar company called SpectraWatt. National Semiconductor announced that it will be introducing it's first solar product, SolarMagic, that could raise the efficiency of residential and industrial solar systems. Kevin Kayser, Senior Marketing Manager at National said that he product will be targeted at installers and integrators and much planning went into the company's decision to enter the solar space. "Photovoltaics currently has less than 1% of the energy market, but we think it has potentially one of the fastest growth rates of any alternative energy source. Now certainly we're looking at wind, we're looking geothermal, we're looking at other sources, but from an electronics point of view we saw that we had the most immediate potential impact in solar photovoltaics," Kayser said.
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Steel industry launches green revolution-China Mining - 0 views

  • As China's economic lifeline, the iron and steel industry used to be a black smoke maker and blue-sky killer in the eyes of many people. In 2007, SO2 emissions by China's large and medium-sized steel and iron enterprises were estimated at 756,368 tons, down 0.51 percent year-on-year. And the discharge of industrial coal ash was 382,275 tons with a 2.79 percent decline. Otherwise, soot discharges increased 3.02 percent, totaling 156,648 tons. The Long March of environmental protection and energy efficiency for China's steel and iron enterprises is still challenging, though many in the iron and steel industry have launched a green revolution in order to improve their old image. Wuhan Iron and Steel (Group) Corp (WISCO) is one such environmental protection warrior. As China's thrid largest steel and iron manufacturer, WISCO used to be a major polluter in Wuhan, capital of Hubei province. Many residents complained and criticized the firm, joking that sparrows would turn black after flying over WISCO's mills.
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    As China's economic lifeline, the iron and steel industry used to be a black smoke maker and blue-sky killer in the eyes of many people. In 2007, SO2 emissions by China's large and medium-sized steel and iron enterprises were estimated at 756,368 tons, down 0.51 percent year-on-year. And the discharge of industrial coal ash was 382,275 tons with a 2.79 percent decline. Otherwise, soot discharges increased 3.02 percent, totaling 156,648 tons. The Long March of environmental protection and energy efficiency for China's steel and iron enterprises is still challenging, though many in the iron and steel industry have launched a green revolution in order to improve their old image. Wuhan Iron and Steel (Group) Corp (WISCO) is one such environmental protection warrior. As China's thrid largest steel and iron manufacturer, WISCO used to be a major polluter in Wuhan, capital of Hubei province. Many residents complained and criticized the firm, joking that sparrows would turn black after flying over WISCO's mills.
Colin Bennett

China unveils five-year plan for new strategic industries - 0 views

  • BEIJING -- China has released a plan for the development of its new strategic industries from now to the end of 2015, according to a latest statement released by the State Council.  The seven new strategic industries include energy conservation and environment protection, new information technology, biology, high-end equipment manufacturing, new materials, new energy and new-energy cars, according to the plan.  The seven industries will maintain an average growth rate of more than 20 percent during the 2011-15 period, the plan said.  The total value-added output of the industries will account for around 8 percent in China's GDP by 2015, it said. 
Panos Kotseras

Bangladesh - Cable market suffers due to economic crisis - 0 views

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    The growth of the wire and cable industry in Bangladesh has been hit by the economic crisis. The two major local consumers in the industry are the power sector and industrial units. Poly Cables, said that they currently face a shortage of adequate buyers and reported a 60% y-o-y plunge in sales in the period January-April. Paradise Cables said that they are still performing well in the power cable business as they hold some supply contracts. However, the company is concerned about the global and domestic gloomy economic environment. Since independence, Bangladesh has invested in connecting outreach areas. As a result, industrial and power sector cables have contributed considerably to the growth of local cable manufacturers.
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Solar industry fights utility's big solar project - 1 views

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    When Southern California Edison unveiled plans to install 250 megawatts' worth of solar panels on warehouse roofs back in March, it was hailed as a ground-breaking move. In one fell swoop, the giant utility would cut the cost of photovoltaic power, expand the solar market and kick-start efforts to transform untold acres of sun-baked commercial roof space into mini-power plants. There's just one problem: the solar industry is fighting the billion-dollar plan. In briefs filed with the California Public Utilities Commission, solar companies, industry trade groups and consumer advocates argue that allowing a utility to own and operate such massive green megawattage will crowd out competitors who can't hope to compete with a project financed by Edison's ratepayers. (In California, shareholders of investor-owned utilities are guaranteed a rate of return for approved projects, while utility customers bear a portion of the costs in the form of higher rates.) The five-year plan "would establish SCE as the monopoly developer of commercial-scale distributed solar in its service territory," wrote Arno Harris, CEO of Recurrent Energy, a San Francisco company that sells solar electricity to commercial customers. "This would irreparably impair the development of a competitive solar industry."
Colin Bennett

Innovations in Industrial Waste Heat Management - 1 views

  • Industrial waste heat management has seen rising levels of importance due to volatile fuel prices and also regulations to maximize energy conservation. As such, industries have started recognizing the necessity and advantages of industrial waste heat management. Till recent past much importance was being paid to recovering waste heat and reusing it as thermal energy. But now the focus is on new methods of waste heat recovery which convert even low grade waste heat into other forms of energy with increased feasibility. Low grade waste heat recovery, which has slowly been gaining prominence is expected to be a major driver for research in the future. This research service report presents analysis on current technology capability and expected future trends in technology adoption for industrial waste heat management. Analytical Hierarchy Process (AHP) was used to evaluate the application potential in the five most energy intensive industries – Cement, Oil and Gas, Steel, Pulp and Paper, and Glass to identify the industry with greatest future application potential. Based on inputs from technology developers and from the predicted market scenario, an evaluation was done.
Glycon Garcia

Donald Sadoway: The missing link to renewable energy | Video on TED.com - 0 views

  • Donald Sadoway: The missing link to renewable energy
  • What's the key to using alternative energy, like solar and wind? Storage -- so we can have power on tap even when the sun's not out and the wind's not blowing. In this accessible, inspiring talk, Donald Sadoway takes to the blackboard to show us the future of large-scale batteries that store renewable energy. As he says: "We need to think about the problem differently. We need to think big. We need to think cheap." Donald S
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    "Donald Sadoway: The missing link to renewable energy Tweet this talk! (we'll add the headline and the URL) Post to: Share on Twitter Email This Favorite Download inShare Share on StumbleUpon Share on Reddit Share on Facebook TED Conversations Got an idea, question, or debate inspired by this talk? Start a TED Conversation, or join one of these: Green Home Energy=Hydrogen Generators-alternative sources Started by Kathleen Gilligan-Smith 1 Comment What is the real missing link in renewable energy? Started by Enrico Petrucco 8 Comments Comment on this Talk 60 total comments Sign in to add comments or Join (It's free and fast!) Sort By: smily raichel 0 Reply Less than 5 minutes ago: Nice smily raichel 0 Reply Less than 5 minutes ago: Good David Mackey 0 Reply 3 hours ago: Superb invention, but I would suggest one more standard mantra that they should move on from and that is the idea of power being supplied by a centralised grid. This technology seems to me to be much more beneficial on a local scale, what if every home had its own battery, then home power generation becomes economically more viable for everyone. If you could show that a system like this could pay for itself in say 5 years then every home would want one. Plus for this to be implemented on a large scale requires massive investment that could be decades away. Share the technology and lets get it in homes by next year. Great ted talk. Jon Senior 0 Reply 1 hour ago: I agree 100%. Localised energy production would also make energy consumers more conscious of their consumption and encourage efforts to reduce it. We can invent and invent all we want, but the fast solution to allowing renewable energies to take centre stage is to reduce the base energy draw. With lower baseline consumption, smaller "always on" generators are required to keep the grid operational. Town and house-l
Colin Bennett

European Power Cable Installation In Offshore Wind - 0 views

  • 1. Industry outlookThe report's baseline deployment forecast, shows Europe achieving between 26 - 27GW of installed capacity by 2020, of which around 23GW is new installations.Such deployment would:- Occur mainly in the UK and Germany.- Require around 3,500 turbines plus associated infrastructure.- Cost upwards of £75 billion (€86 billion) based on current industry practices.2. Power cable demandGrowth in resulting cable installations will be significant, with an estimated 6,000km of export cable, 2,000km of EU inter-connector cable and 6,500km of array cable installations by 2020.The report's findings show:- In terms of total cable installations, the report predicts that demand will more than double over the period to 2020, with growth of between 2.5 and 3.0 times that of 2011 occurring in both export and array installations.- A near-doubling of export and inter-connector installations by 2016. Thereafter, growth is limited as HVDC use increases and general industry growth slows.- A 250% rise in array cable installations from 350km in 2011 to 900km by 2020.3. Export cable supply vs. demandThe authors estimate that annual export cable installation supply currently stands at around 600 - 650km (vs. 500km 2011 demand). Identified capacity additions are limited. Our analysis shows that export cable installation capacity needs to increase by around 75% within 2 - 3 years if demand is to be met.
Colin Bennett

Market facts W&C India - 0 views

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    "The main customers for the wire and cable industry are the automotive, telecommunication and construction industries. In the past few years, these three have witnessed a rapid expansion and have led to an annual growth of about 25% in India. The government of India has begun to Focus primarily on public private partnerships with major infrastructure projects. With an investment need of about $450 billion until 2012, the infrastructure construction is the growth engine for the construction industry, especially for the development of the transport sector. "
Colin Bennett

Facts & Figures: Industrial Market for Connectors - 0 views

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    "By region, the largest industrial market for connectors is found in Europe with a 35% share of market. North America follows with a 25% share. The smallest region is ROW (Rest of World) with a 6% share of the industrial market."
Colin Bennett

Technology to help substitution challenges - 1 views

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    "The copper industry is already facing substitution challenges from materials like aluminium and needs to use technology to help ensure larger-scale, more permanent switches are not made, industry participants said. A group of panelists at the Metal Bulletin and American Metal Market Copper Seminar in New York on Wednesday June 6 said that while technology is clearly an opportunity for the industry, there are still some risks. According to Freeport McMoRan vp sales and marketing Steve Higgins, much of the "easy substitution" - such as plumbing tube or transformer lines - has already happened. "Substitution is less than 2% of refined demand today… It's a bit troubling, but it happens," he said. "The bigger worry is that aluminium is going to make inroads into products that have high switching costs - ACR tubing, motors, or into some medium to high voltage power cables and the like that the manufacturers have to go in and put in a lot of capital costs to convert. Once converted, switching back becomes "extraordinarily difficult," he said. "That's the biggest risk to our market as I..."
Colin Bennett

Lack of technical talent to help drive substitution - 0 views

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    "The retirement of experienced copper industry executives and the lack of trained technical replacements is helping to drive substitution and is likely to lead to more mergers and acquisitions as the industry adapts, senior industry executives said. A group of panelists at Metal Bulletin-American Metal Market's copper seminar in New York this week said that the copper sector needed to be far more proactive in attracting new talent and ensuring the gap in the professional supply chain is filled. "One thing that is driving substitution is the retirement of engineers that were very tied into the thought that copper wiring was the only alternative and that aluminium was unsafe," said Stu Thorn, CEO of Southwire. Thorn said the idea that aluminium was unsafe "almost became a psychological obsession" despite the development of new technologies to make it safe. "Now that generation of engineers is retiring, the new generation coming up doesn't necessarily have that same level of bias [towards copper], but what they do have is the drive to make more money, to reduce costs, and find cheaper alternatives," he told the seminar. "There is a shift..."
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U.S. factory output up 0.4% in July, best gain in 10 months - 0 views

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    Led by an increase in motor vehicles, the output of U.S. factories rose 0.4% in July, the best gain in 10 months, the Federal Reserve reported Friday. Overall, industrial production at the nation's factories, mines and utilities increased a seasonally adjusted 0.2%, as expected, despite a 1.9% drop in output of utilities. See Economic Forecast. Output of mines increased 0.9% in July. June's industrial production was revised lower to a 0.4% increase. Industrial production has now risen two months in a row, after having fallen the previous four months.
Colin Bennett

A Slippery Slope For Contract Manufacturers - 0 views

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    Conditions in the global electronics contract manufacturing business are continuing to deteriorate due to the recession and the weakening high-tech industry, prompting iSuppli Corp to further cut its short- and long-term growth expectations for this volatile industry. Global contract manufacturing industry revenue, consisting of sales by Electronics Manufacturing Services (EMS) and Original Design Manufacturing (ODM) providers, now is expected to decrease by 9.9 per cent during 2009 with revenues of $270.8 billion, compared to $300.7 billion in 2008.
Glycon Garcia

Focus on European Smart Grids - 0 views

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    Focus on European Smart Grids by Michael Setters, Smart Electric News London, UK [RenewableEnergyWorld.com] A host of initiatives across Europe has led to an explosion in interest into how -- and where -- smart grids will be implemented and deployed. According to Jose Antonio Vanderhorst-Silverio, a leading voice in the Electricity industry, "It is clear that dramatic change is coming in the future for the electric utility industry...the way energy is generated, delivered and consumed [is] substantially changing the whole business model. This change is coming to a piece of the industry that hasn't been known for radical change over its 120 plus year history... Implementation of the Smart Grid will require a complete rethinking of the utility business model and business processes."
Susanna Keung

Japan - 5 major electric wire makers posted losses for FY2008 - 0 views

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    Five of the major Japanese electric wire makers, (Furukawa Electric, Hitachi Cable, Fujikura, SWCC Showa Holdings, Mitsubishi Cable Industries Ltd.) have all posted consolidated recurring losses in their business results for FY2008 ended March 2009. All except Sumitomo Electric Industries, which reported lower sales, posted losses due to the dramatic fall in copper price during H2 2008 as well as the downturn in the automotive industry. Their copper inventory valuation losses have reduced their profits significantly. Sluggish demand is reported across a range of automobile related products including copper strip for connectors, winding wire and wiring harness.
Colin Bennett

Leoni will continue to expand its commercial vehicles business with innovative products... - 0 views

  • “We have developed several new solutions, which can provide clear weight and cost saving opportunities to manufacturers of such commercial vehicles as  trucks, buses as well as agricultural, industrial and construction equipment”, stated Dr Andreas Brand, member of Leoni AG’s Management Board with responsibility for the Wiring Systems Division. “We are confident that we will grow our business with the CV industry by more than five per cent per year until 2025.”Alternative conductors save weight and costIn terms of weight optimisation, Leoni can reduce the harnesses’ weight by replacing conventional wires. Alongside copper wires with smaller cross-sections, the Company provides the CV market with a range of wires made of aluminium for the power segment, i.e. with a cross-section between 10 mm2 and 110 mm2 and even larger. Although the aluminium conductors have a larger cross-section in order to deliver the same electrical conductivity, aluminium technology results in a noticeable weight reduction. On its booth, Leoni will show its busbar, a solid aluminium conductor, which can be bent in three dimensions and weighs only about half as much as the conventional copper component.Leoni will also show various conductor solutions based on copper. These can be used where mechanical strength as well as electrical conductivity is required. For example, a copper wire with a cross-section of 0.75 mm² could potentially be replaced by a smaller wire cross section, such as a 0.50 mm² or a 0.35 mm². Thanks to the use of less conductor material, Leoni’s customers can not just reduce the weight of their vehicles, but also benefit in terms of cost savings.
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    ""We have developed several new solutions, which can provide clear weight and cost saving opportunities to manufacturers of such commercial vehicles as trucks, buses as well as agricultural, industrial and construction equipment", stated Dr Andreas Brand, member of Leoni AG's Management Board with responsibility for the Wiring Systems Division. "We are confident that we will grow our business with the CV industry by more than five per cent per year until 2025." Alternative conductors save weight and cost In terms of weight optimisation, Leoni can reduce the harnesses' weight by replacing conventional wires. Alongside copper wires with smaller cross-sections, the Company provides the CV market with a range of wires made of aluminium for the power segment, i.e. with a cross-section between 10 mm2 and 110 mm2 and even larger. Although the aluminium conductors have a larger cross-section in order to deliver the same electrical conductivity, aluminium technology results in a noticeable weight reduction. On its booth, Leoni will show its busbar, a solid aluminium conductor, which can be bent in three dimensions and weighs only about half as much as the conventional copper component. Leoni will also show various conductor solutions based on copper. These can be used where mechanical strength as well as electrical conductivity is required. For example, a copper wire with a cross-section of 0.75 mm² could potentially be replaced by a smaller wire cross section, such as a 0.50 mm² or a 0.35 mm². Thanks to the use of less conductor material, Leoni's customers can not just reduce the weight of their vehicles, but also benefit in terms of cost savings."
Colin Bennett

DNV GL continues drive for risk and cost reduction in global wind industry via three ne... - 0 views

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    "Targeted outcomes include state-of-art industrial accepted methods to reduce risk and cost Continued effort on cost reduction needed to help secure future of global wind business - especially offshore"
Colin Bennett

Starved for jobs, Europe shifts attitude towards mining - 0 views

  • Now the European Union is devising policy to revive its faltering aluminum and steel industries, and to encourage raw materials independence.
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