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Panos Kotseras

Italy - KME takes stake in second metal dealer - 0 views

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    KME Group SpA, a leading copper and copper alloy semis maker based in Italy, will buy 30% of Sigimet SpA, an Italian ferrous and non-ferrous metals trader. The company also bought 30% of Italian scrap metals trader Metalbuyer in February. In both cases, KME holds the option to raise its share. Considering that the company relies on scrap for more than 50% of its metal input, the acquisitions will lead to a reduction in supply costs. The company said that the acquisitions will benefit industrial activity, however, the main objective was diversification rather than integration.
James Wright

Italy - Assomet expects the output of copper and copper alloy semi-fabricated products ... - 1 views

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    The Italian association Assomet expects production of copper and copper alloy semis to fall by 2.4% in 2012, to 1.0Mt, mainly attributed to poor end-use demand, worsened by increases to housing and value-added taxes. Orders are erratic and the Italian copper semis production sector is currently operating at 50% capacity utilisation, whereas the copper alloy semis sector is slightly higher at 60%.
James Wright

Italy - KME appeals fail, fines of €106.9M for antitrust contraventions in 20... - 0 views

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    The Court of Justice of the European Union rejected both appeals against fines imposed by the European Commission in December 2003 and September 2004 upon KME Germany AG, KME France SAS and KME Italy S.p.A.. The fines related to the KME Group S.p.A. subsidiaries involvement in antitrust infringements within the industrial tubes and plumbing tubes markets. The fines, which amount to €39.8M and €67.1M, are now final. KME Group stated that the fine amounts were wholly provisioned in the profit and loss accounts of the 2003 fiscal year.
Sergio Ferreira

France and Italy sign deal on nuclear cooperation - News - 0 views

  • "We have to wake up from this sleep ... and begin the construction of Italian nuclear power plants,"
  • The two companies plan to build together at least four nuclear plants in Italy, with the first scheduled to enter service by 2020.
Colin Bennett

Prysmian launches P-Laser, the first eco-sustainable high-performance cable for electri... - 0 views

  • Developed by Prysmian's R&D Headquarters in Italy, P-Laser technology is eco-sustainable. The HPTE insulating system of P-Laser cables uses thermoplastic materials unlike traditional XLPE cables with cross-linked polyethylene insulation.The metal used for the conductor and the outer cable screens under the protective sheath is also recyclable, making the cable 100% eco-friendly.From the efficiency point of view, P-Laser technology allows grid operators to work at temperatures above the typical 90°C as usual with XLPE traditional technology. This higher thermal performance allows them to increase the powertransmission for the same conductor section, or a longer cable life at the same temperature, but above all it allows higher capability. This is particularly important in the event of emergencies, grid congestion and "N-1" conditions(disconnection because of malfunction or maintenance of an adjacent line).
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    "Developed by Prysmian's R&D Headquarters in Italy, P-Laser technology is eco-sustainable. The HPTE insulating system of P-Laser cables uses thermoplastic materials unlike traditional XLPE cables with cross-linked polyethylene insulation. The metal used for the conductor and the outer cable screens under the protective sheath is also recyclable, making the cable 100% eco-friendly. From the efficiency point of view, P-Laser technology allows grid operators to work at temperatures above the typical 90°C as usual with XLPE traditional technology. This higher thermal performance allows them to increase the power transmission for the same conductor section, or a longer cable life at the same temperature, but above all it allows higher capability. This is particularly important in the event of emergencies, grid congestion and "N-1" conditions (disconnection because of malfunction or maintenance of an adjacent line)."
Matthew Wonnacott

Nexans awarded EUR300Mn power cable contract - 0 views

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    Nexans says it has been awarded one of two contracts to lay a high voltage power cable between Italy and Montenegro. The contract, worth approximately EUR300Mn (US$388Mn), will involve laying 415km of cable of which 393km is subsea cable and 22km of underground cable. When releasing the news, Nexans said that the contract reinforces their position as a leader in the global power interconnections sector.
James Wright

Italy - Italian copper products manufacturing contracted 4.8% y-o-y in 2011 - 1 views

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    Assomet, the Italian non-ferrous metals association, released figures indicating that the output of copper and copper alloy semi fabricated products fell by 4.8% y-o-y to 1.1Mt in 2011. Copper semi-fabricated products output fell by 6.7% to 556,100t in 2011, while copper alloy semis production declined by 2.8% to 501,500t. The association noted that there was a sharp deterioration in demand in Q4 2011 as concerns grew about the country's debt.
James Wright

Italy - Prysmian to develop and deliver new submarine HVDC Scotland-England p... - 0 views

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    Prysmian Group, the industry leading cable and systems provider, won a contract worth a record-breaking €800M for the development of a high voltage DC submarine power transmission link between Scotland and England. The project will involve the use of at least 400km of a new Prysmian-developed cable product called Mass Impregnated PPL cables, which utilises new material technology to operate with a record longhaul wiring voltage rating of 600kV. This means that energy losses will be kept to a minimum, resulting in a low CO2 footprint for the supply of Scotland-sourced renewable energy for England and vice-versa (the link will be bidirectional). Commissioning is expected in late 2015.
James Wright

Italy - KME reports H1 2012 results: Group turnover (ex raw materials) declines 11% y-o-y - 0 views

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    KME Group, a European producer of copper rolled products and tubes, announced that company revenues (excluding the cost of raw materials) declined by 11% y-o-y to reach €376M. KME mainly attributes the decline to weak macroeconomic conditions caused by the European sovereign debt crisis which began in H2 2011. Copper price volatility has also led to cautious buying of copper products. The company said that it experienced a continued downturn in sales within the industrial sector (approximately 75% of revenue) in Italy and Spain in H1 2012, while France held-up better. Sales contracted period-on-period and year-on-year in the brass rods segment and in rolled products for the construction market. In addition, shipments to domestic appliance and air conditioner manufacturers were stagnant y-o-y in H1. A bright spot was seen in sales of automotive and mechanical components as well as products associated with the electrical industry.
James Wright

Italy - Italian copper and copper alloy products output down by 5.4% y-o-y in 2011 and ... - 0 views

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    Assomet, Italy's non-ferrous metals association, reported that domestic production of copper and copper alloy semi-finished products contracted 5.4% y-o-y in 2011 to reach a total yearly output of 1.051M tonnes. This was attributed to metal price volatility impacting clients' procurement activity in addition to substitution losses, which continues because of the ongoing European debt crisis and its implications upon consumers' price sensitivity. Assomet also added that pure copper metal products have and will be more negatively impacted than copper alloy semis due to a higher copper intensity. This led to a drop of about 8% y-o-y in copper semis output this year, reaching 549,000t and production is expected to fall by 3% y-o-y in 2012. Whereas copper alloy semis output declined by 3% in 2011, reaching 502,000t. Production is anticipated to hold at the same level in 2012.
James Wright

Italy - Eredi Gnutti acquires Dalmet - 0 views

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    S.A. Eredi Gnutti Metalli S.p.A., an Italian copper and copper-alloy extrusions and flat rolled product fabricator, has taken over Dalmet S.p.A., another Italian company which competes in the production of copper and copper-alloy flat rolled products. Dalmet has the capacity to supply 3,000t/y of flat rolled products to the electrical, electromechanical, electronic and automotive components, ornaments, door locks and medals manufacturing markets. With this acquisition Eredi Gnutti increases its rolling and casting capacity.
Panos Kotseras

Italy - Prysmian announces 2008 sales results - 0 views

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    Prysmian Cables & Systems said it expects its Chinese sales volumes to increase by 50% by 2010, an increase which has been aided by the opening of the company's fifth production plant in China. The company's sales increased by 16% year-on-year in 2007 and said that further growth opportunities were linked to the development of new infrastructure for energy and communications. Prysmian's new plant will be based in Tianjin and is expected to have an annual capacity of 10,000tpy including special cables for e.g. rail networks, mining and windfarms.
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    Prysmian S.p.A has announced its sales results for 2008. Sales amounted to Euro 5,144 million, exhibiting a 4.2% y-o-y organic growth. Adjusted EBITDA reached Euro 542 million, with a sales margin of 10.5% compared to 10.3% in 2007. Adjusted net income was Euro 332 million, up by 11% y-o-y. The group achieved strong performance in its utilities business, which grew by 12.1% y-o-y. This is attributed to positive performance of high voltage underground and submarine cables. The trade and installers business contracted by 5% due to the slowdown in the construction industry. Industrial cables exhibited organic growth of 5% mainly because of positive performance in the oil and gas, and renewable energy sectors.
Panos Kotseras

Italy - Prysmian Q1 sales down by 11.5% y-o-y - 0 views

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    Prysmian SpA, the Italian cable maker, has announced consolidated sales results for Q1 2009. Sales amounted to EURO 926 million, a decrease of 11.5% compared with the same period in 2008. Net profit was EURO 91 million, down by 11.1% y-o-y. The company attributed this decline to the economic downturn, already evident in Q4 2008. In response to this, Prysmian is focusing on higher value-added activities and high-tech market segments. The company said that it managed to achieve satisfactory profits supported by the growth of sales in the sectors of high voltage underground and submarine cables along with industrial cables such as those for oil& gas, renewable energy and infrastructure.
Panos Kotseras

Italy - Copper semis output - 0 views

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    According to Assomet, Italian copper and alloy semis output in 2009 will amount to 900,000-910,000 tonnes, down from earlier forecasts. Production in 2008 totalled 1.19 million tonnes. The association said that 2010 may see a slight recovery with output levels around 920,000-930,000 tonnes. Assomet had anticipated that copper and alloy semis output in 2009 and 2010 would reach 923,600 tonnes and 968,300 respectively. However, the association reviewed its forecasts after weaker-than-expected output in H2 2009. It was reported that for the nine months to September, copper and alloy semis output fell by 25.8% y-o-y to 685,000 tonnes.
Susanna Keung

Italy - Eredi Gnutti Metalli sees recovery in brass rod but not in rolled products - 1 views

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    Italian fabricator, Eredi Gnutti Metalli, said in an interview with Reuters that it foresees a slight recovery in brass rod output and further decline in rolled products for the construction sector, which has remained weak. The company plans to produce 110,000 tonnes of brass rod in the current fiscal year (2010/11), compared to 100,000 tonnes a year ago. So far its orders have been driven by restocking activity and it expects industrial demand to return to pre-crisis levels in 3 to 4 years without major shocks in the economy. The company's copper cathode purchase has been cut by 25% from pre-crisis level to around 12,000 tonnes to 14,000 tonnes a year.
jacob logan

Talking rapid change and 'grey' lines in technology with BHGE - 1 views

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    At this year's BHGE annual event, Energy Forward: What The Future Demands, in Florence, Italy, BHGE vice president and CTO John Kerr sat down with us to explain how the company's approach works, and why this is important for a changing industry.
Matthew Wonnacott

Prysmian wins a €350M project to connect German wind farms - 0 views

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    Prysmian, the Italy-based manufacturer of wire and cable announce on 26th February that it has secured a €350M (US$462M) contract from Alstom Grid to supply the DolWin3 project with power cables. The contract, which will involve supplying and installing 900MW submarine and land cables along a 78km sea route and an 83km land route, will connect off-shore wind farms in the North Sea to the German power grid. The work is scheduled to be completed by December 2016.
Matthew Wonnacott

KME sees flat growth and more substitution - 0 views

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    Riccardo Garre the Chief Executive officer of KME Group SpA, the Italy-based manufacturer of copper semi-fabricated products, said in an interview with Bloomberg that he expects the company's production of copper and alloy semis to be 435,000t in 2013, unchanged from 2012, and 10% lower than in 2011. The Chief Executive said "to assume that in 2013 the volume will be exactly the same as in 2012, it means it's really a negative vision," although he did note some strength in flat-rolled copper and alloys used in the automotive and electronics industries. In the interview, he also said he believed slowing economic growth had prompted manufacturers to look for cheaper alternatives to copper semis, such as aluminium and plastics.
Colin Bennett

The BRICs and beyond: prospects, challenges and opportunities - 0 views

  • The report concludes that the emerging economies are set to grow much faster than the G7 over the next four decades. Figures for average growth in GDP in purchasing power parity (PPP) terms (which adjusts for price level differences across countries) show Nigeria leading the way over the period from 2012 to 2050, followed by Vietnam, India, Indonesia, Malaysia, China, Saudi Arabia and South Africa. John Hawksworth, PwC Chief Economist and co-author of the report, explains: "The global financial crisis has hit the G7 much harder than the E7 in the short term. And it has also caused downward revisions in the estimates of longer term trend growth in the G7 – particularly those economies in Europe and the US that had previously relied on excessive public and private borrowing to drive growth.” This means that, in PPP terms: The E7 could overtake the G7 before 2020 By 2050 China, the US and India could be by far the largest economies – with a big gap to Brazil in fourth place, ahead of Japan And by the same time, Russia, Mexico and Indonesia could be bigger than Germany or the UK; Turkey could overtake Italy; and Nigeria could rise up the league table, as could Vietnam and South Africa in the longer term. Beyond the largest economies, Malaysia has considerable long-term growth potential, while Poland could continue to outpace its Western European neighbours for some decades to come.
Matthew Wonnacott

Nexans wins another large submarine cable contract - 0 views

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    Nexans, the large French wire and cable maker, announced that it has won a EUR80M (USD104.5M) contract to supply and install a 100km long high voltage direct current (HVDC) submarine cable in Newfoundland, Canada. The cable will form part of a new HVDC transmission link in Canada that stretches 1,100km. The submarine cable, which uses copper wire as its conductive core, will be manufactured in the company's NVC factory in Tokyo. The announcement is the second large submarine cable contract the company has won in the last 3 months, following the announcement that Nexans won the contract to supply and install a EUR300M (USD387.4M) submarine cable connecting Italy and Montenegro in late October 2012.
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