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Colin Bennett

Nexans exploring possibility of Berk-Tek copper and fiber cable sale - 0 views

  • Following receipt of expressions of interest, Nexans is exploring the possibility of the sale of its Berk-Tek copper and fiber cable activity in the US. Berk-Tek focuses on cables for local area network applications and generates annual sales of approximately $200 million.
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    Nexans announced on 28th September that after having received expressions of interest in its Berk-Tek copper and fibre cable subsidiary, it is "exploring the possibility" of selling it. Berk-Tek manufactures high-performance copper cable from its plants in New Holland, Pennsylvania, and Elm City, North Carolina, and also produces fibre optic cable in Fuquay-Varina, North Carolina. Nexan's statement follows its acquisition of Shandong Yanggu Cables Group of China for around RMB930M in early September.
Colin Bennett

Four Key Trends Driving the Future of Patents - 0 views

  • Clearly their efforts have been paying off as total patent filings in China have mushroomed from 51,906 in 2000 to 391,177 in 2010.

    During that same time, U.S. patent filings have grown from 295,895 in 2000 to 490,226 in 2010.

James Wright

USA - General Cable report 4% y-o-y and 5% sequential rise in H1 2012 shipment volumes - 0 views

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    General Cable reported a rise in sales volume by metal weight of 2% q-o-q (+5% y-o-y) in Q2 2012 due to demand in France and the Mediterranean as well as stable demand in most ROW and North American businesses. Bright spots for demand included: ongoing grid investment and the resultant demand for medium voltage cables in France; stronger demand from telephone and electric utility businesses in North America; improving domestic conditions following the Q3/4 2011 severe flooding in Thailand; and strong mining activity in Chile.
James Wright

USA - Superior Essex begins commercial production of low voltage energy cables - 0 views

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    Superior Essex Energy Inc., the US based energy cablemaking division of Superior Essex Inc., began commercial production of its new suite of low voltage energy cables. The new products include 300V and 600V instrumentation cables and 600V control cables for industrial, utility power or station control circuits. The company is manufacturing its new offering out of its Tarboro, NC facility which represents Superior Essex Inc.'s first North American production facility for low voltage energy cables. Superior Essex Energy Inc. has plans to expand its portfolio to supply the Commercial, Industrial and Energy markets.
Matthew Wonnacott

Mueller report stronger profits in Q4 2012 - 0 views

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    Mueller Industries Inc., the US based copper tube and fittings manufacturer, announced its end of year 2011 results, reporting net sales of US$491M in Q4 2011, down from US$527M in Q4 2010. The company attributed US$11M of the diffrence in net sales between Q4 2011 and the previous year period to a decline in the copper price. US$25M of the difference was attributed to lower unit shipment volumes, of which, the plumbing and refrigeration sectors accounted for US$14M. The company is optimistic that new housing starts will continue to rise through 2012, boosting copper tube demand.
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    Mueller Industries, a leading producer of copper tubes and brass products, reported net sales of $594.1M in Q2 2012. After accounting for changes of metals prices, this represents a decline of 1% y-o-y. The contraction was partially offset by a slightly higher sales volume y-o-y.
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    Mueller Inc, the US-based manufacturer of plumbing and commercial copper tube, announced on 5th February that its operating revenue for the fourth quarter of 2012 increased by 27.1% y-o-y, to USD16.4M, compared to the same period in 2011. CEO Greg Christopher said that the company is heavily dependent on the housing and commercial construction sector, and after five years of decline and stagnation," the industry finally appears to be gaining positive momentum."
James Wright

USA - Olin and Hussey increase fabrication charges - 0 views

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    Following announcements from Aurubis and Revere about planned rises in their US fabrication charges, Olin Brass Corp. and Hussey Copper Corp. have also unveiled their plans to increase fabrication conversion prices. Olin Brass Corp. intends to increase charges by 5¢/lb on all alloy orders shipped from 1st March. Hussey Copper Corp. will increase charges by up to 10% on its copper products, including sheet, strip, bar and plate on shipments from 1st March. Olin Brass attributed the rise in its prices to escalating inflationary costs related to supplies, maintenance, energy and healthcare. Hussey stated that the charge increases were essential for ensuring continued investment in its equipment, products and people.
James Wright

USA - 5-year anti-dumping duty review on German brass sheet and strip shipments conclud... - 0 views

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    The US Department of Commerce concluded that a revocation of the antidumping duty order on brass sheet and strip from Germany would likely lead to a recurrence or continuation of dumping. This follows a 5-year review that was initiated on 1st March 2011. An essential aspect of the results was the calculation of the weighted-average percentage margins for German exporters, which it measured to be 3.81% for Wieland-Werke AG and 7.30% for all others.
James Wright

USA - Revere to raise the fabrication charge of its copper and copper alloy products by... - 0 views

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    Revere Copper Products Inc., which is based in Rome, N.Y., will increase its fabrication charge on all copper and copper alloy products by an average of 10%, effective as of 1st March. Revere said that the rise in costs related to supply, energy and health-care were attributable for the price hike. It also added that the new revenue will ensure that the company can reinvest in key process centers to improve its quality, service and reliability.
James Wright

USA - Aurubis AG's Buffalo, NY rolled product fabrication charges to rise by 10% - 0 views

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    Aurubis AG's Buffalo, N.Y. copper fabricating business unit (formerly owned by Luvata) announced an increase to the fabrication charges on its rolled product shipments, effective from 1st March. While the exact charge will vary by product, the average fabrication price will rise by 10%. The company has cited the long term rise in supply, maintenance, energy and health-care costs as reasons for the change.
James Wright

USA - Encore Wire plans to introduce aluminium wire production lines at new production ... - 0 views

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    Encore Wire Corporation, a leading copper cable-maker for the building sector, has submitted plans to build a 202,000-square-foot facility in McKinney, TX to house aluminium wire production lines. The plans include the employment of 100 staff and the value of the project, which is reported to be $25M. Of Encore Wire's total cable production, it is estimated that 5% of sales revenue are from cable containing aluminium conductor.
James Wright

USA - KPS Capital Partners takes over United Copper Industries - 0 views

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    It was reported that KPS Capital Partners (KPS), a private equity firm, acquired United Copper Industries (UCI), the building wire and cable manufacturer for an undisclosed sum. UCI has said that capital backing from KPS will enable the company to develop its product line more quickly and enhance its customer service. In addition, it will allow the company to undergo an aggressive consolidation strategy involving the acquisition of companies that have similar product offerings.
James Wright

USA - Copper and Brass Servicenter shipments dropped 6.5% y-o-y in June - 0 views

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    The Copper and Brass Servicenter Association reported that shipments of brass mill products amounted to 23.1Mlbs in June 2011, up slightly from 23.0Mlbs on the previous month and down by 6.5% y-o-y. The positive signs of growth that were registered earlier in this year, which peaked during March as shipments reached 25Mlbs, subsequently dropped and levelled off in Q2. Slower growth in June compared with the same month last year is attributed to shipments of brass products falling 12.8Mlbs, down by 12% y-o-y, with the largest drops in shipments occurring within the brass sheet, rod and bar product segments.
James Wright

USA - CommScope to supply Groundsmart™ Copper Clad Steel grounding wire to B... - 0 views

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    CommScope, Inc. will supply the Bishop Hill Wind Farm in Henry County, Illinois with its GroundSmart(TM) Copper Clad Steel solution, an alternative to solid and stranded copper that is increasingly in demand by utilities for its cost-efficiency and anti-theft characteristics. CommScope will provide 1.7 million feet of GroundSmart copper clad steel grounding wire to the project this year--the largest GroundSmart application to date. The Bishop Hills Wind Farm will include approximately 130 wind turbines. Developers of Bishop Hill said that they see GroundSmart as a simple solution to reducing projects costs without compromising the system's integrity. Copper clad steel is specifically designed to disperse fault currents and lightning strikes at a lower total cost of ownership compared to pure copper.
James Wright

USA - Copper and Brass Servicenter shipments flattened in May; mill lead times forecast... - 0 views

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    The Copper and Brass Servicenter Association reported that shipments of brass mill products amounted to 20.24Mlbs in May 2011, up by 0.4% on the previous month and down 11.3% y-o-y. This comes after a 13% fall in April from 25Mlbs in March, which was the peak that service centers experienced in Q1. Industry sources attributed the flattening in shipment levels in May to a decline in general consumer activity, also indicated by the Institute for Supply Management's manufacturing index falling from 60.4 to 53.5. In addition, it was reported that US brass mills are expecting lead times to narrow or flatten during Q3. Lead times are currently two to five weeks, having previously lengthened in early Q2. Lead times tend to be longer when consumer and service center demand is weak.
Glycon Garcia

Electricity | Pew Center on Global Climate Change - 0 views

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    The electricity sector accounts for almost 35 percent of greenhouse gas (GHG)
    emissions in the United States, and 40 percent of the carbon dioxide (CO2)
    emissions. Over 80 percent of GHG emissions associated with electricity
    generation are from the combustion of coal, with nearly all
    the rest due to
    natural gas and petroleum combustion. U.S. electricity sales are split among the
    residential (37 percent), commercial (36 percent), and industrial (27 percent)
    sectors, where primary uses vary by sector.

    Over the past 30 years the U.S. electricity sector has become less carbon
    intensive, and the U.S. economy has grown less electricity-intensive.
Panos Kotseras

USA - Chinese copper tube maker Golden Dragon considering building a plant - 0 views

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    It was reported that Golden Dragon Precise Copper Tube Group is considering establishing a plant in the US. The three candidate locations are Thomasville, Little Rock and Dallas. Golden Dragon's copper tube products will serve the HVACR industry. This prospect comes further to the antidumping duties on copper tube imports from China and Mexico. Golden Dragon had established a tube factory in Mexico and its shipments to the US have been impacted due to the duties.
Colin Bennett

Wolverine Tube files for Chapter 11 protection - 1 views

  • Wolverine Tube Inc (WLVT.PK) filed for Chapter 11 bankruptcy protection in a U.S. court early on Monday, hurt by cash crunch and high level of interest payments on its senior notes.
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