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USA - International Wire announced second quarter results - 0 views

itwg.client.shareholder.com/releasedetail.cfm international wire results sales copper
shared by Susanna Keung on 11 Aug 09 - No Cached
  • Susanna Keung on 11 Aug 09
     
    International Wire Group announced results for the second quarter ended 30 June 2009. Net sales for the quarter were US$102.0 million, compared to US$199.9 million for the same period in 2008. The decline was due to a lower copper price and decreased volume. Operating income for the second quarter was US$1.3 million compared to US$10.9 million. The lower income was attributed to lower sales volume in all business segments but was partially offset by operating cost reductions and lower selling and administrative expenses. Net loss was US$0.9 million, compared to net income of US$5.6 million.
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Donald Sadoway: The missing link to renewable energy | Video on TED.com - 0 views

www.ted.com/..._link_to_renewable_energy.html renewable battery
shared by Glycon Garcia on 27 Mar 12 - No Cached
  • Donald Sadoway: The missing link to renewable energy
  • What's the key to using alternative energy, like solar and wind? Storage -- so we can have power on tap even when the sun's not out and the wind's not blowing. In this accessible, inspiring talk, Donald Sadoway takes to the blackboard to show us the future of large-scale batteries that store renewable energy. As he says: "We need to think about the problem differently. We need to think big. We need to think cheap." Donald S
  • Glycon Garcia on 27 Mar 12
     
    "Donald Sadoway: The missing link to renewable energy Tweet this talk! (we'll add the headline and the URL) Post to: Share on Twitter Email This Favorite Download inShare Share on StumbleUpon Share on Reddit Share on Facebook TED Conversations Got an idea, question, or debate inspired by this talk? Start a TED Conversation, or join one of these: Green Home Energy=Hydrogen Generators-alternative sources Started by Kathleen Gilligan-Smith 1 Comment What is the real missing link in renewable energy? Started by Enrico Petrucco 8 Comments Comment on this Talk 60 total comments Sign in to add comments or Join (It's free and fast!) Sort By: smily raichel 0 Reply Less than 5 minutes ago: Nice smily raichel 0 Reply Less than 5 minutes ago: Good David Mackey 0 Reply 3 hours ago: Superb invention, but I would suggest one more standard mantra that they should move on from and that is the idea of power being supplied by a centralised grid. This technology seems to me to be much more beneficial on a local scale, what if every home had its own battery, then home power generation becomes economically more viable for everyone. If you could show that a system like this could pay for itself in say 5 years then every home would want one. Plus for this to be implemented on a large scale requires massive investment that could be decades away. Share the technology and lets get it in homes by next year. Great ted talk. Jon Senior 0 Reply 1 hour ago: I agree 100%. Localised energy production would also make energy consumers more conscious of their consumption and encourage efforts to reduce it. We can invent and invent all we want, but the fast solution to allowing renewable energies to take centre stage is to reduce the base energy draw. With lower baseline consumption, smaller "always on" generators are required to keep the grid operational. Town and house-l
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Encore Wire Corporation announced results for Q2 2008 - 0 views

www.encorewire.com
shared by Susanna Keung on 24 Jul 08 - Cached
  • Susanna Keung on 24 Jul 08
     
    Encore Wire's six months ended 30th June 2008 net sales were US$604.6M, an increase of 1.7% from same period last year. The increase appears to be the result of higher prices of building wire. Net income was US$15Mfor the six months ended 30thJune 2008 versus US$26.1M in 2007. In Q2, net sales were US$322.8M versus US$333.6M same period last year. Net income for Q2 was US$1.3M compared to US$19.7M in Q2 2007. Encore Wire said that the slowdown in construction activity in the US continues to impact their business as it has over the last two years. Moreover, a number of competitors in the industry have responded to the downturn by cutting wire prices to maintain market share.
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US - Mueller's 2008 sales results - 0 views

www.muellerindustries.com Mueller 2008 sales
shared by Panos Kotseras on 05 Feb 09 - Cached
  • Panos Kotseras on 05 Feb 09
     
    Mueller Industries, Inc. has announced its sales results for 2008. Net income in 2008 amounted to US$ 80.8 million, compared with US$ 115.5 million realised in 2007. Net income in Q4 2008 reached US$ 7.8 million compared to US$ 28.8 million in the same period in 2007. The company attributed the sharp contraction in its Q4 income mainly to weak shipments and the lower average cost of copper. The plumbing and refrigeration segment has been hit by slowing demand and higher per unit conversion costs on lower production volumes. In addition, European copper tube activities were interrupted for approximately four weeks due to a fire. In response to the ongoing economic crisis, the company's strategy for 2009 is to readjust operations and reduce costs.
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The end of Bretton Woods 2? - 0 views

blogs.cfr.org/...the-end-of-bretton-woods-2 2008-crisis economics
shared by Wade Ren on 29 Oct 08 - Cached
  • The Bretton Woods 2 system – where China and then the oil-exporters provided (subsidized) financing to the US to sustain their exports – will come close to ending, at least temporarily. If the US and Europe are not importing much, the rest of the world won’t be exporting much.
  • And rather than ending with a whimper, Bretton Woods 2 may end with a bang. In some sense Bretton Woods 2 has been on life support for a while now. China’s recent export growth has depended far more on Europe than on the US. US demand for non-oil imports peaked in 2006. One irony of the past year is that the US was borrowing far more from China that it was buying from China. Campaign rhetoric that the US was paying for Saudi oil with funds borrowed from China isn’t far off – though it leaves out the fact that the US also borrows from Saudi Arabia to pay for Venezuelan, Mexican and Nigerian oil.
  • If Bretton Woods 2 ends in 2009 – if US demand for imports falls sharply in the last part of 2008 and early 2009, bringing the US trade deficit down – it won’t have ended in the way Nouriel and I outlined back in late 2004 and early 2005. We postulated that foreign demand for US debt would dry up – pushing up US Treasury rates and delivering a nasty shock to a housing-centric economy. As Brad DeLong notes, it didn’t quite play out that way. The US and European banking system collapsed before the balance of financial terror collapsed. Dr. DeLong writes: All of us from Lawrence Summers to John Taylor were expecting a very different financial crisis. We were expecting the ‘Balance of Financial Terror’ between Asia and America to collapse and produce chaos. We are not having that financial crisis. Instead we are having a very different financial crisis. Catastrophic failures of risk management throughout the entire banking sector caused a relatively minor collapse in housing prices to freeze up global finance to a degree that has not been seen since the Great Depression. The end result of this crisis though could be rather similar: a sharp contraction in credit, a fall in US economic activity, a fall in US imports and a fall in the amount of foreign financing the US needs.* The US government is (possibly) trying to offset the fall in private demand by borrowing more and spending more — but as of now there is realistic risk that the fall in private activity will trump the fiscal stimulus.
  • ...11 more annotations...
  • Or, to put it more succinctly, Bretton Woods 2, as it evolved, hinged both on the willingness of foreign central banks to take the currency risk associated with lending to the US at low rates in dollars despite the United States large current account deficit AND the willingness of private financial intermediaries to take the credit risk associated with lending at low rates to highly-indebted US households.
  • But now US financial institutions are neither willing nor able to take on the risk of lending even more to US households. For a while the US government was able to ramp up its lending to households (notably through the Agencies) and in the process effectively take over the function previously performed by the private financial system (over the last four quarters, the flow of funds data indicates that the Agencies provided around $800 billion of net credit to US households). But now the US government is struggling to keep the financial system from collapsing. It doesn’t seem like it will able to avoid a sharp fall in the overall availability of credit.
  • It is now clear how the financial sector kept profits up: it took on more risk, as it shifted from borrowing short to buy safe long-term assets (Treasuries and Agencies) to borrowing short to buy risky long-term assets. Leverage in the system also increased (and for some broker dealers that seems to be an understatement), as more and more financial institutions believed that the US had entered into an era of little macroeconomic or financial volatility. The net result seems to have been a truly explosive concentration of risk in the hands of a core set of financial intermediaries in the US and Europe. Securitization – it seems – actually didn’t disperse risk into the hands of institutions able to handle it.
  • I hope that the process of adjustment now underway isn’t as sharp as I fear. The US economy gradually can shift from producing MBS for sale to US investors flush with cash from the sale of safe securities to China and Saudi Arabia to producing goods and services for export – but it cannot shift from churning out complex debt securities to producing goods and services overnight. Indeed, in a slowing US and global economy, improvements in the US deficit will likely come from faster falls in US imports than in US exports – not from ongoing growth in US exports.
  • But right now it looks like there is a real risk that the adjustment won’t be gradual. And it certainly looks like the flow of Chinese (and Gulf) savings to US households over the past few years has produced one of the largest misallocations of global capital in recent history.
  • US taxpayers are going to be hit with a large tab for the credit risk taken on by undercapitalized financial intermediaries. Chinese taxpayers may get hit with a similar tab for the losses their central bank incurred by overpaying for US and European assets as part of its policy of holding its exchange rate down. The TARP is around 5% of US GDP. There are plausible estimates that China’s currency losses will prove to be of comparable magnitude. Charles Dumas puts the cost at above 5% of GDP: “Charles Dumas of Lombard Street Research estimates that China makes 1-2 per cent on its (largely) dollar reserves. It then loses up to 10 per cent on the exchange rate and suffers a Chinese inflation rate of 6 per cent for a total real return in renminbi of about minus 15 per cent. That is a loss of $270bn a year, or a stunning 7-8 per cent of gross domestic product.”
  • Jboss — if some of the Chinese inflow could be redirected into investment in alternative energy, that would indeed be a win/ win. Some infrastructure bank style ideas have promise in my view — basically, the flow that used to go to freddie/ fannie could go to wind farms and the like. I would rather see more adjustment in china (i.e. more investment in Chinese infrastructure) but during the transition, if there is one, to a lower Chinese surplus, redirecting chinese financing toward new energy tech would be offer real benefits.
  • China likes 3rd generation nuclear power. Safe, lower cost than NG or coal, very much lower cost than coal with carbon sequestering, and zero carbon footprint. Wind is about 4X more expensive than our electric costs now. That’s in an area with consistent wind. Solar is worse. I don’t know if we can sucker them into investing in our technical fairy tales. Here’s a easy primer on 3rd gen nukes. http://nuclearinfo.net/Nuclearpower/WebHomeCostOfNuclearPower
    • Wade Ren
      Wade Ren on 29 Oct 08
       
      is this true?
  • btw, solar thermal installations are so easy & affordable to retrofit onto existing structures, it’s amazing that there aren’t more of them here…until you realize that they work to decentralize energy. cedric — china is already doing it in china. they are way ahead of the curve over there. my partner brought back some photos of shanghai — rows of middle class homes each with a small solar panel on top. and that’s just the tip of the iceberg — an architect friend just came back from beijing and wants to move to china (he’s into designing self-powering structures and is incredibly frustrated by the bureaucracy and cost-prohibitive measures in the US).
  • I went to engineering school right after the Arab Oil Embargo, and alternative energy was a hot topic then. All the same stuff you hear of nowadays. They even offered entire courses on it , which I took. Then my first mini career was in the power plant biz, before Volker killed it with interest rates and the Saudies killed any interest in alt. energy with their big oil field discovery. For the last 5 years I’ve been researching what’s changed, and it is frighteningly little. Solar cells are still expensive and only have a 15% conversion efficiency. They developed the new cost reduced film technology, but that knocks down efficiency to 7%. Wind power works where there is wind constantly. Generators are mature technology and are already 90 some percent efficient. Geothermal, tidal, ect. work where they are available. Looks like coal gasification and synfuel is out because it makes too much CO2. Good news is 3rd gen nuclear is way better than 1st gen plants. Hybrid cars are good, and battery technology is finally getting barely good enough for all electric cars to be practical.
  • According to news report today, Japan’s trade surplus is less than 1 billion $ in September 08, a whopping 94% decrease compared to September 07. Does it imply that going forward Japan can not buy as much treasury as before?
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Japan - Fujikura announced first quarter sales declined 28.7% - 0 views

www.fujikura.co.jp japan wire cable fujikura sales
shared by Susanna Keung on 10 Oct 08 - Cached
  • Panos Kotseras on 10 Oct 08
     
    Fujikura Dia Cable (FDC), the joint venture of Fujikura and Mitsubishi Cable Industries, announced a 14% year-on-year decline in their building cables shipment for the period April-September 2008. FDC describe the current situation as a difficult one, especially due to weak demand. The manufacturer, facing decreased inventory value due to falling copper prices, has to sell at relatively low prices reducing profit margins. FDC cable shipments fell by 8% in 2007 and the initial target for 2008 was to grow back to the 2006 level. However, this was revised down because of sales results. Overall profitability is also affected by rising prices of insulating and sheathing materials.
  • Susanna Keung on 05 Aug 09
     
    Japanese electric wire and cable manufacturer Fujikura Ltd reported consolidated financial results for the first quarter ended 30 June 2009. The company achieved sales of ¥112.93b (US$1.19b) for the first quarter, 28.7% lower than the same period a year ago. Operating income for the first quarter was ¥1.84b (US$19.4m), 50.3% lower than the year-ago level. Net income for the same period was ¥111m (US$1.17m), 94.3% lower than a year ago. The company is expecting to make a net loss of ¥800m (US$8.43m) for the first half ending 30 September 2009.
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Japan - Fujikura announced first quarter sales declined 28.7% - 0 views

www.fujikura.co.jp/...090803_tanshin_1.pdf Fujikura sales
shared by Panos Kotseras on 05 Aug 09 - No Cached
  • Panos Kotseras on 05 Aug 09
     
    Japanese electric wire and cable manufacturer Fujikura Ltd reported consolidated financial results for the first quarter ended 30 June 2009. The company achieved sales of ¥112.93b (US$1.19b) for the first quarter, 28.7% lower than the same period a year ago. Operating income for the first quarter was ¥1.84b (US$19.4m), 50.3% lower than the year-ago level. Net income for the same period was ¥111m (US$1.17m), 94.3% lower than a year ago. The company is expecting to make a net loss of ¥800m (US$8.43m) for the first half ending 30 September 2009.
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USA - Brush Engineered Materials Q2 sales declined 29% year on year - 0 views

investor.shareholder.com/...releasedetail.cfm Brush Engineered sales copper alloy
shared by Susanna Keung on 03 Aug 09 - No Cached
  • Susanna Keung on 03 Aug 09
     
    Ohio-based supplier of specialty copper alloy products Brush Engineered Materials Inc. reported second quarter results. Q2 2009 sales were US$174.1 million, 29% lower than the same period a year ago but an improvement of 29% from the first quarter this year. Net loss was US$0.8 million versus net income of US$7.2 million in Q2 2008. The Specialty Engineered Alloys segment reported Q2 sales of US$41.2 million, compared to sales of US$83.0 million the same period in 2008. Operating loss for Q2 was US$9.3 million compared to an operating profit of US$4.8 million a year ago. The decline in segment sales was primarily due to the effect of the severe global recession in key markets including telecommunications, computer, automotive electronics, oil and gas, aerospace and heavy equipment. A portion of the decline was due to lower metal prices. The company is foreseeing an improving order book and is expecting to generate a slight profit in Q3 this year with higher sales volume and positive impact from its cost-reduction activities.
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KME H1 copper, alloys product output down 30 pct - 0 views

communities.thomsonreuters.com/...388887 KME production H1 copper alloy
shared by Susanna Keung on 07 Aug 09 - Cached
  • Susanna Keung on 07 Aug 09
     
    Italian leading manufacturer of copper and copper alloy products KME said that its H1 output dropped 30% to 218,000 tonnes from 313,000 tonnes for the same period a year ago. The company said that there is 'persistent uncertainty and fears that an impulse to industrial activity triggered by a necessity to rebuild stocks will not be sufficient to consolidate recovery.' Demand for copper semis has been badly hit due to the economic downturn as residential construction activities are halted. Demand from industrial production is also adversely affected by a slowdown in investments in new plants and machinery. However, a fall in copper prices earlier in the year helped easing substitution threats from cheaper materials, KME said. The company previously announced that its consolidated sales fell 45% year-on-year to €898.5m (US$1.29b) for the first half of 2009. Net loss was €20.1m, compared to €12.3m of net profit a year ago.
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Jiangxi Copper's 2012 net profit down 20% - 0 views

www.metalbulletin.com/...4-drop-in-2012-net-profit.html trends copper smelting Jiangxi
shared by Colin Bennett on 27 Mar 13 - No Cached
  • China’s Jiangxi Copper saw its net profit fall 20.4% year-on-year in 2012 on lower metal prices, and warned of increasing competition in the country’s smelting industry.
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Mueller report stronger profits in Q4 2012 - 0 views

www.muellerindustries.com/investors Copper trends US construction tube
shared by Matthew Wonnacott on 29 Feb 12 - No Cached
  • James Wright on 29 Feb 12
     
    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.
  • James Wright on 30 Aug 12
     
    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.
  • Matthew Wonnacott on 07 Feb 13
     
    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."
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Sterlite's net sales down 23% in Q1 - 0 views

www.metalbulletin.com/...s-net-sales-down-23-in-Q1.html trends copper India Sterlite
shared by Colin Bennett on 30 Jul 13 - No Cached
  • Indian copper and aluminium producer, Sterlite Industries, reported a 23% decrease in net income to $1.38 billion for the first quarter (April-June) of the 2013-14 fiscal year.
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Grupo Mexico 2nd Quarter Net Profit Drops 14% - 0 views

www.mining-technology.com/...news6008.html copper safety
shared by xxx xxx on 29 Jul 08 - Cached
  • xxx xxx on 29 Jul 08
     
    Mexican copper miner Grupo Mexico posted second-quarter net profit of $452m Monday, down 14% versus the same period a year ago, with copper output down from a long-running strike. The company reported sales of $1.758bn, down from $2.089bn last year, as well as a 22% drop in EBITDA to $960m. A strike at the company's largest copper pit, the giant Cananea mine, has dragged on for a full year, cutting into production of the red metal, the company's primary product.
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Wolverine Reports US$3.2m Net Loss in Q2 - 0 views

www.wlv.com/index.html copper
shared by William Pratt on 04 Sep 08 - Cached
  • William Pratt on 04 Sep 08
     
    Wolverine Tube, the Huntsville, Alabama based brass and copper tube manufacturer, reported a net loss of US$3.2m in Q2 2008, down from US$13.3m in the same period last year. Net sales were US$245.5m an 18% decrease y-o-y, with total volume of shipments down 30% to 46.5m lbs. Wolverine said, "The comparative decrease in shipments was due primarily to the company's withdrawl from the domestic wholesale plumbing tube business and closure of its Decatur, Alabama facility in late 2007." The gross margin was 3.2%, down from 5.1% a year earlier owing to lower production and shipping volumes, a result of the downturn in demand from the residential housing market.
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Egypt's El Sewedy Q1 net profit dips 26% - 0 views

www.reuters.com/...idUSLS56492420090528 trends copper sewedy cable
shared by Colin Bennett on 22 Jun 09 - Cached
  • Colin Bennett on 22 Jun 09
     
    CAIRO, May 28 (Reuters) - Egypt's El Sewedy Cables (SWDY.CA) posted a 26 percent decline in net profit for the first quarter of 2009 to 192 million Egyptian pounds ($34 million) as wire and cables sales dropped, the firm said on Thursday.
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Poland - KGHM posted Q2 net profit up 2% - 0 views

www.kghm.pl/index.dhtml kghm poland copper profit
shared by Susanna Keung on 14 Aug 09 - No Cached
  • Susanna Keung on 14 Aug 09
     
    KGHM, Europe's second largest copper producer, reported financial results for the second quarter ended 30 June 2009. The company announced revenue for the second quarter was PLN2.7b (US$935m), 10% lower than the same period a year ago. Operating profit for the quarter was PLN969m (US$335m), versus PLN1.0b (US$346m) for the same period in 2008. Net profit for the second quarter was PLN845m (US$293m), 2% higher than the same period in the previous year. Poland-based KGHM's main products are copper cathode, copper wirerod and copper round billets.
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Supportive International reported Q3 net profit of MYR1.5 million - 0 views

announcements.bursamalaysia.com/...8A515DD7B56B82482576940032E5A1 Malaysia wire cable quarter result 2009
shared by Susanna Keung on 23 Dec 09 - Cached
  • Susanna Keung on 23 Dec 09
     
    Malaysian wire and cable company Supportive International Holdings Bhd reported financial results for the third quarter ended 31st October, 2009. Q3 revenue was MYR18.9 million (US$5.5 million), down from MYR31.1 million (US$9.1 million) for the same period in the previous year. Net profit for the third quarter was MYR1.5 million (US$0.4 million), compared to MYR2.4 million (US$0.7 million) a year ago.
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Japan - Hitachi Cable posts FY Net Losses of Y12.99B Vs losses of Y9.11B in previous year - 0 views

www.hitachi-cable.com/...20110506en.pdf copper wire cable hitachi
shared by James Wright on 09 May 11 - No Cached
  • James Wright on 09 May 11
     
    For the year ending March 31 2011, Hitachi Cable Ltd announced group revenue was Y419.3 billion up year-on-year from Y372.5 billion in 2010. Operating profit was Y788.0 million, compared to a loss of Y6.4 billion in 2010. The company said it had a pre tax profit loss of Y1.8 billion for the year, an improvement from 2010 when there was a pre tax profit loss of Y4.9 billion. In 2010 the company posted a net profit loss of Y9.1 billion; in 2011 there was a net profit loss of almost Y13 billion.
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KGHM almost triples Q1 profits - 0 views

www.mineweb.com/...page504 trends copper KGHM
shared by Colin Bennett on 16 May 11 - No Cached
  • The group forecasts its 2011 net profit to rise to around 8.4 billion zlotys, nearly double its 2010 earnings, boosted by income from planned sales of KGHM telecom assets Dialog and Polkomtel.
  • Colin Bennett on 16 May 11
     
    "The group forecasts its 2011 net profit to rise to around 8.4 billion zlotys, nearly double its 2010 earnings, boosted by income from planned sales of KGHM telecom assets Dialog and Polkomtel."
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