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Glycon Garcia

Paranapanema approves US$377mn investment plan (Brazil) on Reportlinker - February 2011 - 0 views

  • Paranapanema approves US$377mn investment plan
  • Brazilian copper products manufacturer Paranapanema's (Bovespa: PMAM3) board has approved an investment plan of 630mn reais (US$377mn) for the 2011-13 period.
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    Paranapanema announced that it approved a capacity expansion and technology modernisation plan, supported by a positive macroeconomic outlook and favourable price trends for its products. The market will be boosted by Brazil's anticipated economic growth, and in particular by infrastructure, civil construction, electricity and green power projects. In addition, the 2014 World Cup and 2016 Olympic Games will provide further support. Paranapanema will increase its refined copper capacity at its Dias D'Avila unit from 230,000tpy to 280,000tpy in H1 2012. The company will also install a precious metal refining plant at the same unit, scheduled to be operational in H2 2012. Paranapanema's copper semis division, Eluma, will expand its cold rolling capacity from 28,000tpy to 55,000tpy. Furthermore, hot rolled products capacity will rise from 60,000tpy to 200,000tpy whilst tube capacity from 18,000tpy to 36,000tpy. Investment of the entire plan for 2011-13 will amount to 630 million reais (US$377 million).
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    "Brazilian copper products manufacturer Paranapanema's (Bovespa: PMAM3) board has approved an investment plan of 630mn reais (US$377mn) for the 2011-13 period."
Colin Bennett

Survey - Are Energy Managers Optimistic for The Future? - 0 views

  • a survey of energy professionals that have been asked to comment about the various issues concerning energy usage, the environment, and the government’s role in enforcing environmental rules on utility companies. The survey was conducted by Bloomberg Businessweek and concluded that most energy professionals agree that a change is needed to encourage companies to use their energy more efficiently.
Panos Kotseras

Chile - Codelco says new uses of copper may boost demand by 300,000t/y - 1 views

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    Chilean copper producer Codelco expects that new uses of copper, mainly related to its antimicrobial capacity, will boost world demand by 300,000t/y within the next eight years. Potential end use sectors include copper fiber clothes, copper mesh cages for fish farming, and copper surfaces in health care centres and public transport. Codelco participates in development programmes which aim to promote the benefits of using copper.
Glycon Garcia

World of Renewables - Renewable Energy News, Events, Companies, Products, Jobs and more... - 0 views

  • Mexico Takes Lead in Latin America with Announcement of Region’s Largest GE LED Street Lighting Project
Colin Bennett

Urbanisation and cheap credit fuel building growth in developing geographies - 0 views

  • However, the focal point of the urbanisation boom is China, which has an estimated 65m vacant properties. Their construction coincides with the “greatest level of bank lending in the history of the world”, says Bill Rhodes, the veteran Citi banker. In 2009, total Chinese credit expanded by almost half of gross domestic product. In 2010, it repeated this feat.
Colin Bennett

Rio, Chinalco set up exploration tie-up in China - 0 views

  • Rio Tinto and Chinalco, China's largest alumina producer, agreed Wednesday on a tie-up to explore copper resources in mineral-hungry China, the Anglo-Australian mining giant said.
Glycon Garcia

World of Renewables - Renewable Energy News, Events, Companies, Products, Jobs and more... - 0 views

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    Wind energy's 32% growth rate in 2009 as an example of "the impressive growth rate of renewables" The total global potential for renewable energy "is substantially higher than both current and future projected global energy demand" is the message of the Special Report on Renewable Energy Sources and Climate Change Mitigation released by the UN Intergovernmental Panel on Climate Change (IPCC) today in Abu Dhabi.
Colin Bennett

Dow Wire & Cable Changes Business Name to Dow Electrical & Telecommunications - 0 views

  • Dow Electrical & Telecommunications, a business unit of The Dow Chemical Company (“Dow”), is a leading global provider of products, technology, solutions and expertise that sets standards for reliability, longevity, efficiency, ease of installation and protection that the power and telecommunications industries can count on in the transmission, distribution and consumption of power, voice and data. Understanding that collaboration is essential to success, Dow Electrical & Telecommunications works together with cable makers, other industry suppliers, utilities, municipalities, testing institutes and other organizations around the world to develop solutions and create mutual value that will sustain these industries for years to come. For more information, visit www.dow.com/electrical.
James Wright

Brazil - Sales of copper products expected to grow by 10% y-o-y in 2011 - 0 views

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    Sindicel, the Brazilian electric conductors and non-ferrous metals association, expects sales of copper and copper alloy wire, cable and semis to rise by 10% y-o-y in 2011. Domestic production is also predicted to increase by 10% y-o-y in the same period. The sector's output and sales has been boosted by demand from the automotive, construction and telecommunications industries. In addition, a poll of Brazilian copper products producers revealed that half were operating above 80% capacity utilisation. Ibram, the national mining association, also reported that wire and cable production will grow by 39% by 2016. This will be primarily driven by the construction industry due to events such as the 2014 World Cup, the 2016 Olympics and also government programs. According to Ibram, Brazilian output of copper products was 230,000t in 2010 and is anticipated to grow to 475,000t by 2014.
Colin Bennett

Copper networks should continue to be used for many years ahead - 0 views

  • BT Group's Group Strategy Director, Sean Williams, continued the discussion on extending services by identifying how the existing copper networks should continue to be used for many years ahead. He said: "We are moving at the pace of our customers and there is a lot that can be done with copper. Our business case is predicated on getting 20 per cent of our copper customers onto fibre, but I think it's completely naive to expect to get everyone on fibre -- not for a generation."
Panos Kotseras

China - The copper products market - 0 views

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    According to the China Nonferrous Processing Industry Conference, copper products output in China increased by one million tonnes annually in the past three years. Data released showed that production amounted to 5.3 million tonnes in 2006, 6.3 million tonnes in 2007 and 7.5 million tonnes in 2008. It was reported that Chinese output accounted for 30%, 40% and 50% of world output in 2006, 2007 and 2008 respectively. In addition, the General Administration of Customs said that Chinese copper imports in October reached 263,000 tonnes, an increase of 14% y-o-y. However, on a m-o-m basis the figure contracted by 34%.
Colin Bennett

EU starts screening raw materials 'critical list' - 0 views

  • Three types of risk The expert group put together by the Commission has already identified three types of risks: Import risk, where raw materials are imported from a politically instable region or from a country where the market economy does not work. "That is relatively easy to do as the World Bank has put together governance indexes which measure the political and economic stability index of countries," the EU official explained.    Production risk within the EU, with potential problems such as land access. "If we are in a country for example where the population density is very high, where urbanisation is very high, obviously access will be weak," the EU official explained. Environmental risk, based on indicators such as air or soil pollution, where the impact of raw materials use is measured from an environmental point of view. "This is innovative compared to other studies," the EU official said. "We have just launched a life-cycle analysis to determine what the environmental impact is for each raw material in terms of exploitation, use, treatment, recycling etc., for air or soil pollution as well as emissions of greenhouse gases."
Panos Kotseras

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.
Panos Kotseras

Germany - Leoni posts record sales for FY2010 - 0 views

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    German automotive wiring harness maker Leoni reported sales of €2.96B in FY2010, up from €2.16B in the previous year. The 37% y-o-y increase was attributed to the sustained improvement in global economic conditions, particularly in the automotive sector, whose world output advanced by one fifth on the previous year. Leoni commented that the substantial rise in the price of copper accounted for 9% of the sales increase.
Piotr Ortonowski

China - Demand for copper likely to be impacted by the car purchase limit policy in Bei... - 0 views

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    Car sales have dropped by 67.1% in Beijing after city authorities imposed a car purchase limit policy at the start of 2011. According to the China Association of Automobile Manufacturers (CAAM), sales were down from 283,000 vehicles in Q1 2010 to 93,000 in the same period this year, with new cars accounting for 66% of sales. Automotive production is closely linked to copper demand, with the industry having an estimated 6.9% market share of world copper consumption.
Colin Bennett

Luvata Board approves expansion in India to meet rapid growth in refrigeration market - 0 views

  • Luvata, a world leader in metal solutions manufacturing and related engineering services, confirms it has received Board approval for an expansion into India through its Heat Transfer Solutions division. The group anticipates a first large production facility aimed at the domestic market. Luvata is one of the world’s biggest producers of coils and coolers for applications including commercial, industrial and mobile refrigeration.
Colin Bennett

China became world's top manufacturing nation, ending 110 year US leadership - 0 views

  • China has ended a 110-year-long US leadership, overtaking the country as the world's top manufacturing nation in 2010, reports quoting a research report by US-based consultancy IHS Global Insight said.
Colin Bennett

Anglo American announces prefeasibility study for further expansion at Collahuasi - 0 views

  • Anglo American plc draws attention to the announcement made by Collahuasi, its 44% owned copper mine in Chile, relating to the approval of the prefeasibility study for the next expansion phase of this world class copper operation. The translated text of that announcement is copied below
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