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Domestic copper pipe industry is asked to take a strategic restructuring to keep competitiveness while being faced with an important turnaround.

"This market insight provides an outlook of the growth opportunities for the rail industry in India. Ambitious government plans coupled with unprecedented levels of foreign investment are leading to a complete overhaul of the rail environment in India. Over 39 cities are planning to invest in expansive urban rail networks to address severe traffic congestion problems. High-speed rail and dedicated freight corridors are planned to separate passenger and freight traffic to increase operating efficiency."

It has been announced that Nexans will be the first major tenant in a business park near Goose Creek, outside Charleston, S.C. The new $85 million plant will employ 200 and construction is expected to start this year with hiring beginning in late 2013. Dirk Steinbrink, vice president in charge of Nexans' High Voltage and Submarine Business Group said "establishing our Berkeley plant is a key strategic development that will enable Nexans to capitalize on the ever growing demand for high-quality high-voltage cables designed and manufactured to meet the specific needs of the major power transmission infrastructure projects in North America and worldwide in the coming years."

Hi Colin, Do we have a way to access this report?? Regards, Avinash Khemka Copper Alliance

Nexans has announced that construction of its first high voltage power cable manufacturing plant in North America has begun. The plant is sited in Berkeley County, Charleston, S Carolina. Frederic Michelland, Nexans Senior Corporate Executive Vice President said, "The establishment of our first high voltage cable manufacturing plant in North America is a key strategic development for Nexans. It will enable us to capitalize on the ever growing demand for high quality high voltage cables designed and manufactured to meet the specific needs of the major power transmission infrastructure projects planned in North America and worldwide in the coming years." The plant is to begin operations in 2014 and has an initial investment of US$85M. The first phase of the facility will focus on the manufacture of underground power cables up to extra high voltage (EHV) levels of 500 kV and the company hopes it will reinforce Nexans' current product range in North America, adding to the existing medium voltage, low voltage, overhead transmission, industrial, building wire, electrical wire and LAN portfolios.

According to an interview that Masayoshi Matsumoto, president and CEO of Sumitomo Electric Industries, gave to Japan Metal Bulletin, the company eyes leverage measures to achieve its 5-year management plan ending in March 2013. SEI aims to achieve consolidated net revenues of 3 trillion yen and operating profits of 210 billion yen in FY ending in March 2013. It was reported that the company may not achieve the above targets solely by organic growth. Business leverage in electric power and energy fields is a possibility. SEI realised consolidated net sales of 1.84 trillion yen and operating profits of 51.7 billion yen in FY ended March 2010.

Further to Nexans's announcement that they would make an offer to buy Draka's outstanding ordinary shares for €15 per share, Draka commented that such an offer would substantially undervalue the company. Draka characterised the offer as inadequate, not addressing the position and legitimate interests of all stakeholders. Strategic alternatives, including continuing Draka's stated stand-alone strategy, will be reviewed. In response to the above announcement, Nexans said that their offer represented an attractive premium of 28.4% compared to the average closing share price of the three months preceding October 18. As a result, Nexans commented that their offer fully values Draka.

This report analyzes the worldwide markets for Copper in Thousands of Metric Tons. The specific end-use segments discussed are Building and Construction, Electrical and Electronic, Industrial Machinery and Equipment, Transportation, and Consumer and General Products. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America. and Rest of World.

It was reported that Xinxing Copper Co. successfully increased its production capacity of oxygen-free copper rod to 150,000t/y in October after the new casting and rolling line was formally opened for production in the month prior. The project is part of a RMB3.0B strategic cooperation agreement between the Fuyang municipal government and Xinxing Copper Co. to build operations capable of producing 150,000t/y of high grade semis and 300,000t/y of refined copper.