hina (Chinalco), aiming to turn deficit to profits, is eyeing the opportunity in the high-speed railway market, which has great demand for aluminum products as well as copper products.
"Much of that investment will be geared toward transportation projects like the Nigerian railway, as developing countries seek to put in place the capacity needed to keep up with increased flows of people and goods brought by economic growth."
“We are very proud that, following a Europe-wide tender process, Infrabel has
awarded Nexans the contract to supply most of its 1 kV power distribution cables
for the next two years. This will amount to more than 5’300 km of cables,
90 percent of which will be manufactured by our Belgian units. The remaining 10
percent will be produced by other Nexans plants across Europe,”
The Chinese government announcement that it may double railway investment in H2 2012. Of the RMB448B (US$70B) railway budget, approximately RMB300B (US$47B) has yet to be spent this year.
Investment into railway capital construction plummeted 76% y-o-y in January 2012 according to the Ministry of Railways. This drop is largely unexpected an may have serious repercussions on copper consumption in transport if it remains at this low level.
ZAMBIA: An agreement to complete a bankable feasibility study for the construction of a 590 km railway to serve the Copperbelt area of northern Zambia and the Angolan border was signed by project promoter Northwest Rail Co and South African logistics company Grindrod on February 3
90,000 people now work there; arriving via car, Dockland Light Railway, on the Jubilee Line, or even by boat; which although an unusual way to commute is perhaps not so surprising as Canary Wharf is situated on the Isle of Dogs and surrounded by water on three sides.
Nexans, the large French wire and cable maker, announced on 7th February that its full year operating revenues, at constant non-ferrous metals prices, increased by 6% to EUR4.87B (USD6.60B). However, the company noted that acquisitions were responsible for the increased revenues and organic sales growth was roughly flat compared to 2011. Nexans reported mixed revenue growth by sector, with the group's Industrial Cables unit and the Distributors and Transformers unit showing organic sales growth, whilst the Nexans reported contraction in its Power Transmission and Utilities and Operators businesses. In the Industrial Cables unit, high double-digit growth was noted in the demand automotive wiring harnesses, with the company highlighting its strong position with German autos companies as a decisive factor. The company also noted strong growth in supplying cables to the oil industry and the aeronautical industry. Weak European growth was noted in Nexan's Automation and Capital goods business, as well as in the railways sector, with Nexans noting that they expect railway investment to pick up in China in H2 2013.
a major order from a consortium of China National Machinery Imp. & Exp.
Corp. (CMC), a Chinese trading company, and Changchun Railway Vehicles Co., Ltd.
(CRC), a Chinese rolling stock manufacturer, for trains operated in suburban Rio
de Janeiro by Secretaria de Estado de Transportes (SETRANS), the Rio state
transportation authority
These results verify that the developed DC superconducting cable is reliable and
fulfils all the requirements necessary for successful use in various power
applications including railway systems.
"The focus of spending is on building a China-Pakistan Economic Corridor (CPEC) - a network of roads, railway and pipelines between the long-time allies."
"The traction transformer market in North America is driven by the increase in electrification of railways and high deployment of high speed trains in this region. Also the enhancement in the government spending in rail infrastructure is fostering the growth of the North America traction transformers market."