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Colin Bennett

Nexans wins contract for the Malta to Sicily power-interconnector project - 1 views

  • 100 km submarine cable will provide Malta’s first power interconnection with mainland Europe, reducing its reliance on local generation and increasing security of supply 
Colin Bennett

China to Invest 500 Billion Yuan in Ultra-High Voltage Grids- Economic Observer News- C... - 0 views

  • China plans to invest more than 500 billion yuan in constructing a system of UHV AC and UHV DC grids in the coming five years, according to Liu Zhenya, general manager of the UHV Grid Extension Project. According to Liu, the total length of China’s UHV transmission lines will reach 40,000 kilometers.
Panos Kotseras

Ukraine - Leoni to expand production - 0 views

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    The Ukrainian government will support the plans of Leoni Wiring Systems to expand its production in the country. Leoni is a German automotive wiring harness manufacturer serving the European auto industry. Company representatives announced their plans to expand production in Ukraine and increase the number of employees by 1,000. It was reported that Leoni decided to expand production in Ukraine due to difficulties faced at its production facilities in Africa.
Colin Bennett

Prysmian power transmission infrastructures/cables - 0 views

  • Prysmian’s product portfolio at MEE 2011 will focus on the full range of state-of-the-art power cables including HV and EHV underground and submarine cable systems for applications such as interconnections between power grids, links between natural or artificial islands and the mainland, and connections to, or between, offshore oil production and wind power generation facilities. Prysmian will also be presenting a wide range of cables and systems for the Oil, Gas and Petrochemical industry – complex and integrated systems for power transmission and distribution, control and instrumentation for industrial applications - including innovative specialties such as Drylam™ and Airguard™ Cable System, cable solutions with enhanced features and reduced environmental impact, specifically designed for critical environments. To complete the available portfolio FP® fire resistant cables, Umbilicals and power distribution cable solutions will also be on display.
Panos Kotseras

Italy - Prysmian secured EU approval to acquire Draka - 1 views

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    Prysmian secured EU regulatory approval for the proposed acquisition of Draka. According to the statement released by the EU antitrust regulator, "The Commission's investigation has shown that the merged entity will continue to face effective competition in the production of optical fibre cables and general wiring despite becoming the European leader in the markets concerned." It was reported that the European Economic Area consists of a number of smaller suppliers, and therefore Prysmian will continue to have a sufficient number of competitors in its markets.
Panos Kotseras

Egypt - El Sewedy delays Libya based cable plant - 0 views

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    Egypt's cable maker El Sewedy will delay the construction of a cable plant in Libya due to the unrest in the North African country. The company had signed an agreement in 2007 with the General Electricity Co. of Libya and the Libyan Economic Development Fund to build the plant in Tripoli, owning 55% of the venture. Investment would amount to US$65M and annual capacity would be 13,600t of cable.
Colin Bennett

Beijing aims for slower, greener growth - Next 5 year plan - 0 views

  • China, the world’s largest energy consumer, intends to generate 11.4 per cent of its energy from non-fossil fuel sources by 2015, up from 8 per cent today, under the terms of the next five-year plan. That shift is equivalent to moving the whole of Italy off fossil fuels.
Panos Kotseras

China - Imports of refined copper and copper semis plunged 35.4% m-o-m in February - 1 views

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    Chinese imports of refined copper and copper semis plunged by 35.4% m-o-m to 235,469t in February, the lowest level in 25 months. Imports were also down by 26.9% from the same period a year ago. Analysts were expecting that monthly imports would fall, given that buying activity was impacted by the Chinese New Year. However, the outcome was worse than anticipated, partly attributed to demand concerns generated by soaring oil prices and tighter credit control.
Panos Kotseras

Japan - Copper semis output up by 1% y-o-y to 70,000t in February - 0 views

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    According to data released by the Japan Copper and Brass Association, Japanese copper semis output advanced by 1% y-o-y to 70,000t in February 2011. The figure was down by 0.4% from January. It was reported that steady demand from the automotive sector, generated by strong emerging markets, offset a slower than expected recovery in the semiconductor industry. However, the association expects that output in March is likely to fall due to the impact of the earthquake. Fabricators experience supply chain disruptions, fuel shortages and power outages.
Piotr Ortonowski

China - Tianjin Huaruide Copper Semis Company's RMB50M copper rod project has come on s... - 0 views

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    The first stage of Tianjin Huaruide Copper Semis Company's environmentally friendly copper rod production project has come on stream. A highly efficient continuous casting line has been installed as means of minimising pollution generated by the plant. The 20,000m2 facility is located in Wuging, Tianjin City, and required an investment of RMB50M. Stage two of the project is currently under construction.
James Wright

China - Refined copper imports reach 192kt in July, up by 8.8% m-o-m - 0 views

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    Figures released by the General Administration of Customs indicate that Chinese imports of refined copper rose by 8.8% m-o-m in July to reach this year's monthly peak level of 192kt. However, July's imports still represent a decline of 13.5% y-o-y and a year-to-date contraction of 30%. The month on month rise is attributed to the favourable SHFE/LME arbitrage during May and June. However, it remains to be seen whether the import figure indicates stronger Chinese copper consumer demand. Imports of copper scrap rose to 432kt in July, up by 14.2% y-o-y, which brought the total year-to-date figure up to 2.63Mt, up by 9.1% y-o-y.
Piotr Ortonowski

China - 5% y-o-y rise in copper semis output - 0 views

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    Data released by the China Nonferrous Metals Industry Association indicated that China's output of copper semis increased by 5% m-o-m to 935,350t in August. The rise has been linked to increased demand for power generation equipment, wires and cables and AC motors. However, demand is likely to be offset by seasonally weak demand for air conditioning and refrigeration equipment.
Piotr Ortonowski

US - Cobra Wire and Cable acquired by Genuine Parts Company - 0 views

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    The stock of Cobra Wire and Cable Inc. has been acquired by Electrical Group, EIS, Inc., a subsidiary of the Genuine Parts Company. Pennsylvania-based Cobra is a wire and cable distributor to the telecom, battery and uninterruptable power supply, and marine sectors. The company is expected to generate a turnover of around US$43M/y.
Piotr Ortonowski

China - July copper scrap imports reach highest level of 2011 - 0 views

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    The General Administration of Customs reported that imports of copper scrap to China increased by 14% y-o-y and 3% m-o-m to 432,320t in July 2011, the highest level recorded in 2011. The increase has been attributed to importers' expectations of increasing copper prices in the future as well as lower price fluctuations in copper scrap compared to refined copper observed in June and July.
James Wright

Germany - Leoni AG set to fully acquire South Korean wiring systems manufacturer Daekye... - 0 views

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    Leoni AG, a leading automotive wiring harness provider, reached an agreement to acquire the outstanding 50% of its joint venture partner, Daekyeung T&G, effective on 1st January 2012. Leoni acquired 50% of Daekyeung in June 2008 after an agreement one year earlier to cooperate on wiring harness development. Daekyeung produces wiring harnesses for the automotive industry in three facilities located in China. The South Korean company is expected to generate sales between €130M - €140M in 2012 and will help Leoni's objective to double sales revenue in South Korea by 2015.
Piotr Ortonowski

China - Tianjin Chuangxinyuan Investment to develop 10,000t/y copper strip and foil pro... - 1 views

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    Tianjin Chuangxinyuan Investment Co. Ltd. has announced plans to invest RMB613M in the development of a high-precision copper strip and foil project in Tianjin. Upon completion, the project will have a production capacity of 10,000t/y of high precision copper foil and strip. The project is expected to generate a turnover of RMB600M/y. Trial production will take place in October of this year, following the installation of two production lines with a combined capacity of 2400t/y. Tianjin Chuangxinyuan Investment will become China's biggest producer of copper strip and foil upon the project's completion.
Piotr Ortonowski

China - August imports of refined copper fall 11.9% y-o-y - 0 views

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    China's Customs General Administration reported that import of refined copper declined by 11.9% y-o-y in August 2011 to 235,509t. August imports of copper concentrate, on the other hand, increased by 42.1% y-o-y to 675,928t. Copper scrap saw a y-o-y decline of 4.0% in August.
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."
Colin Bennett

China may re-export copper stockpiles - 0 views

  • Copper stockpiles held in duty-free warehouses in China, the top user, may be re-exported after surging to as much as 350,000 tons from almost none at the start of the year, according to Xi'an Maike Metal International Group. "We can hardly find buyers for refined copper," said Luo Shengzhang, general manager of the copper department at Xi'an Maike. The company ranks among the country's three biggest importers, according to the executive. "China's got to export some copper from now and next year," Luo said in an interview.
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%.
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