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Colin Bennett

Key Nordic power cable project - 0 views

  • Power transmission capacity between Finland and Sweden will increase by 40 percent from 2011 as aresult of a 800 MW electricity cable to be built with European Investment Bank(EIB) support. The project is a significant contribution to an integrated Baltic Sea Region power market. Under an agreement signed today, the EIB will provide a EUR150 m loan for the project to Fingrid Oyj, the Finnish grid operating company.The Fenno-Skan 2 cable across the Gulfof Botnia is a Trans European EnergyNetwork (TEN-E) priority project and is to connect densely populated areas incentral Sweden and Southern Finland. It will allow grid operators to betteroptimise production in power plants in the region. Fenno-Skan 2 will also in coming years, by enabling betterlinks to major areas of consumption in the region, permit more efficient use ofhigher capacity in Finnish power generation and in power transmission linksconnecting Russia and Estonia to the Nordic area.
Colin Bennett

UK signs up to North Sea supergrid vision - 0 views

  • Nine European countries have today signed a major agreement to develop the world's first large-scale offshore wind energy grid in the North and Irish seas, providing a boost to the continent's fast-expanding offshore wind industry. UK energy minister Lord Hunt joined with ministers from Germany, France, Belgium, the Netherlands, Luxembourg, Denmark, Sweden and Ireland to sign the agreement on the sidelines of today's European Council meeting in Brussels.
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    "Nine European countries have today signed a major agreement to develop the world's first large-scale offshore wind energy grid in the North and Irish seas, providing a boost to the continent's fast-expanding offshore wind industry. UK energy minister Lord Hunt joined with ministers from Germany, France, Belgium, the Netherlands, Luxembourg, Denmark, Sweden and Ireland to sign the agreement on the sidelines of today's European Council meeting in Brussels."
James Wright

Sweden - Aurubis commences the closure of Finspång - 0 views

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    Aurubis issued redundancy notices to 177 employees and began relocating rolling equipment to its facilities in Zutphen, Netherlands and Buffalo, USA. Aurubis took ownership of the facility from Luvata in September 2011 when it acquired Luvata's rolled products division. However, structural overcapacity due to longterm declining demand in the European copper strip for engine cooling segment led to the operation generating losses in the past few years. In an earlier announcement on Aurubis' website, the company said that production at Finspång would be gradually reduced from mid-2013 with the company expecting to finalise the closure in late 2013.
Colin Bennett

Video highlights from Graphene Week 2014 (Gothenburg, Sweden) - 0 views

  • or attendees, the five-day conference is a chance to find out what big names in the field such as Nobel-prize-winner Andre Geim think about graphene’s prospects.
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Renewable Energy Focus - 0 views

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    COPENHAGEN, DENMARK, September 2, 2008. The Danish Ministry for Climate and Energy says a new 400 MW offshore wind farm will be built by 2012. The wind farm comes in addition to the 200 MW Rødsand II (online from 2011) and 200 MW Horns Rev II (online from 2009), and will be built between Anholt and Djursland in the Kattegat Sea between Denmark and Sweden. The location was chosen due to the possibility of connecting the wind farm more or less directly to the existing grid, which means the windmills can be put up quicker. Depending on the capacity of the windmills that will be chosen, the wind farm will have 100-175 wind mills.
Piotr Ortonowski

Sweden - Outokumpu sells 50% stake in Nordic Brass - 0 views

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    Outokumpu, a leading stainless steel fabricator, announced on 1st November that it has sold its 50% shareholding in Nordic Brass Gusum, a brass rod mill located in Sweden, to the operative management. The brass rod mill has a production capacity of 40,000t/y, employs 150 workers and in 2010 achieved a turnover of EUR110M. Outokumpu still owns another brass mill in the Netherlands, Copper LDM B.V., which has a production capacity of around 30,000t/y.
Colin Bennett

nkt cables to acquire Ericsson's power cable operations - 0 views

  • Ericsson’s Energy Business realised a revenue in market prices of approx. 1.3 bnDKK in 2012, and the company is a leading supplier of medium voltage products to the Nordic utility groups. In addition, Ericsson's Energy Business is an important supplier of low voltage products to the wholesalers and installers in Sweden, and a significant portion of revenue also comes from innovative specialty power cables.
Piotr Ortonowski

Germany - Aurubis sustains high output and looks to expand - 0 views

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    According to reports, Aurubis, Europe's leading copper semis fabricator, is successfully maintaining high levels of output and is looking for takeover opportunities despite the current economic turmoil in the eurozone. The company sees current global demand for copper as strong and does not expect it to weaken in the coming months. It has been speculated that Aurubis may acquire assets in Asia and/or South America in the near term. Nevertheless, the company announced last week that it plans to close some its flat rolled copper operations in Finspång, Sweden due to overcapacity.
James Wright

Germany - Aurubis arranges restructure of its flat rolled copper products division - 0 views

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    Aurubis has announced that it will reduce its production capacity of flat rolled copper products by 35,000t in a restructuring process that will take place beginning from H2 2013. The group intends to transfer some of its rolling operations from Finspång, Sweden to Zutphen in the Netherlands and is also considering moving other types of production currently located at the Finspång factory to its facility in Buffalo, USA. Aurubis attributed the consolidation to structural overcapacity in the flat rolled products market and made specific mention to declining demand in the engine cooling segment.
Colin Bennett

Ten EU nations sign up to develop North Sea electricity grid - 0 views

  • In a memorandum of understanding, ministers from Ireland, Belgium, Denmark, France, Germany, Luxembourg, the Netherlands, Norway and Sweden as well as the UK, agreed to explore the regulatory, legal, planning and technical issues that need to be addressed to create the grid.
Panos Kotseras

Sweden - Elektrokoppar reduces copper wirerod production due to high copper prices - 0 views

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    Elektrokoppar said that payment terms with end-users need to be shortened due to record high copper prices. The Swedish copper wirerod producer commented that fabricators cannot act as bankers and have to shorten payment terms by nearly 50% compared to last year. The company decided to reduce production of copper wirerod by 20% from 2010 in order to cut the stock level needed to be financed. The main wirerod mill operations have gone down from four shifts to three. At the current copper price levels, Elektrokoppar decided to cover the north European market than selling to other markets with high freight rates and high financing costs.
Colin Bennett

Copper coating lines for welding wires - 0 views

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    "This technology is generally applied to high quality welding wire of various types, such as CO2, FCW, SAW and other copper coated wires."
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