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Susanna Keung

Poland - KGHM posted Q2 net profit up 2% - 0 views

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    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.
Colin Bennett

Poland's KTP cable plant - 0 views

  • Kabel Technik Polska makes cables used by various industries, with the biggest share of its output supplied to automotive, aviation, and renewable energy manufacturers. These include Volkswagen, MAN, Volvo, Scania, Otis, Bombardier, ABB, Vestas and Alstom. Set up in 1996, the Polish company was acquired by local car parts producer Inter Auto Groclin In March 2013.
Panos Kotseras

Europe - Copper producers favoured by copper price increases - 0 views

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    Positive expectations for copper producers have been generated by the recent increases in copper prices that reached US$4,725/t on the LME on 17th April. In Germany, copper smelter Aurubis expects that backed by rising prices the company will achieve oparating profits in the current fiscal year. Due to writedowns, the group suffered net losses in Q1 2009. In Poland, copper miner KGHM said that higher than expected prices may support the company to surpass its forecast. As a result, the company is updating its budget assumptions.
Colin Bennett

KGHM plans to produce 1m tpy of copper by 2020 - 0 views

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    "Poland-based miner KGHM Polska Miedz is aiming to reach annual production of 1 million tonnes of copper from its own resources by 2020, which would make it the seventh-largest producer of the red metal in the world. "
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.
James Wright

USA - International Wire Group acquires plants in southwestern US and Eastern Europe - 0 views

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    New York headquartered, International Wire Group Holdings Inc. reported that it acquired two production facilities. The company purchased the machinery and equipment of Ffhoenix Cuivre LLC in Santa Teresa, New Mexico and assumed the related building lease, adding to its existing manufacturing capacity in the southwestern United States. In addition, the company has started manufacturing at its new plant in Dabrowa Gornicza, Poland, which it anticipates will serve its growing Eastern European customer base. The initial investment for the two expansions amounts to approximately $14.5 million.
Colin Bennett

Poland's energy sell-off moves ahead - 0 views

  • In all, the government is selling stakes in five of the power generating companies it controls, part of a privatisation programme to sell 25bn zlotys in assets this year, deemed vital if public debt is to be kept under control.
Sergio Ferreira

bidding for the European Technology Institute - 0 views

  • With the European Union next year set to launch its Institute of Innovation and Technology, some EU capitals have already started their bids to house the institute. Austria, Hungary and Poland have said they would like to host the new European body, which is being promoted in Brussels as a flagship project to boost innovation, research and higher education.
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