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Colin Bennett

General Cable's CEO Discusses Q2 2011 Results - 1 views

  • In ROW, our strategy of introducing a broader product range into developing markets helped to offset the impact of lower-than-expected volume across a number of countries. The uneven demand experienced during the second quarter is largely episodic, as the fundamental growth drivers remain solid, and GDP rates for many emerging markets continue to outpace those in the developed world. Sequentially, our second quarter results reflect the impact of stronger demand in Venezuela, Brazil and Zambia. In Venezuela, the company benefited from higher spending on electrical infrastructure as the country works to reinforce a weak power grid. In Brazil, our results reflect the aerial transmission shipments and the introduction of specialty products as the country continues to industrialize while at the same time preparing for the World Cup in 2014 and the Olympic Games in 2016. In Zambia, our results reflect the shipment of aerial transmission products as the government invests in expanding its power grid. In addition, we strengthened our market position and product range in Colombia, Peru, Australia, South Africa and Mexico. In Mexico, we recently qualified and supplied our first high-voltage cables. Our market penetration into Mexico continues ahead of expectation, and is supported by a state-of-the-art manufacturing facility with high-voltage capabilities ranging up to 225 kilovolts and a comprehensive line of products for electric utilities and contractors. Overall, our results in ROW continue to demonstrate the non-linear nature of our business in the short-term, as construction, mining and utility products are moved between reporting periods, government appropriations are authorized and infrastructure investment plans are advanced.
James Wright

Germany - Aurubis posts Q3 results (April - June `11) - sales of copper products rose by 30% y-o-y - 0 views

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    Aurubis AG, a leading producer of unwrought copper and copper semis, announced its third quarter results. It reported pre-tax profits to have risen by 41% y-o-y to €111M and total net revenues of €3.294B, up by 32% y-o-y. The company produced 198,000t of copper wirerod, down by 6% y-o-y, whereas production of copper shapes was up by 10% y-o-y, amounting to 55,000t. Within this area, Aurubis' product mix is characterised by an increasing proportion of speciality products. The company noted cooling demand for its copper products during April to June 2011, attributed to seasonal factors.
Piotr Ortonowski

China - First Stage of Tianjin North China Cable Company's copper rod project undergoes trial production - 0 views

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    Industry insiders have revealed that the first stage of Tianjin North China Cable Company's 220,000t/y copper rod project is currently undergoing trial production. The second stage of the project will entail the installation of an Italian CCR production line which will add a further 100,000t/y of production capacity. In addition, the second stage will also involve the installation of a new wiredrawing production line and a production line of electrolytic copper. The total investment required for the realisation of the project is estimated at around US$156M.
James Wright

Brazil - Sales of copper products expected to grow by 10% y-o-y in 2011 - 0 views

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    Sindicel, the Brazilian electric conductors and non-ferrous metals association, expects sales of copper and copper alloy wire, cable and semis to rise by 10% y-o-y in 2011. Domestic production is also predicted to increase by 10% y-o-y in the same period. The sector's output and sales has been boosted by demand from the automotive, construction and telecommunications industries. In addition, a poll of Brazilian copper products producers revealed that half were operating above 80% capacity utilisation. Ibram, the national mining association, also reported that wire and cable production will grow by 39% by 2016. This will be primarily driven by the construction industry due to events such as the 2014 World Cup, the 2016 Olympics and also government programs. According to Ibram, Brazilian output of copper products was 230,000t in 2010 and is anticipated to grow to 475,000t by 2014.
Colin Bennett

Prysmian to strengthen submarine power cables production capabilities - 0 views

  • the plant started producing transmission cables for HVDC (High Voltage Direct Current) power systems that allow large amounts of energy to be transmitted over long distances and the expansion of production capacity. In Arco Felice additional € 50 million were invested in the period 2012/2014 to increase capacity for the production of mass impregnated cables (both paper and PPL).
Matthew Wonnacott

Termomecanica to invest $143M in expanding operations - 0 views

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    Brazilian copper and alloy semis manufacturer Termomecanica is planning to invest BRL300M (US$143M) in several new products and production facilities. The plans will see the company develop a new line of tube and rolled products, as well as new brass rebar production facilities in Chile and Argentina. The company said that its current production capacity is 140,000 t/y, and that they are producing about 90,000 tpy, stating that they believe in the expansion of the domestic market and an in increase exports. Termomecanica's industrial facilities include two sites in the city of São Bernardo in the Brazilian state of São Paulo, two distribution centres in São Bernardo and Joinvile. The new expansion will add an additional 7% of capacity to the company's operations.
James Wright

Italy - Assomet expects the output of copper and copper alloy semi-fabricated products to decline by 2.4% y-o-y in 2012 - 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 - 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

Germany - Wieland sees current demand as weak, 2012 outlook linked to impact of Euro Debt Crisis - 0 views

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    Wieland-Werke AG, the German fabricator of brass mill products, reported sales of 475,000t, down by 0.4% y-o-y in financial year 2010/2011. Turnover increased by 24% y-o-y to reach €3,287M and profits also rose to €45M in 2010/2011 after a loss of €6M in the previous year. The rise in turnover was mainly attributed to rising metals prices, while the company said that the increase in profits was caused by a product mix composed of a larger amount of value-added products. Wieland noted strong demand in the first six months of the period, which was offset by the Euro debt-crisis as a driver of significantly weaker demand in Europe during the latter half of the fiscal year. In addition, the company saw a fall in demand in Asia from Spring 2011 and continued very low demand in North America. End-use consumer demand was weak and impacted the electronics and electrical engineering sectors as well as vehicle production. Mechanical engineering was considered to be a bright spot in fiscal year 2010/2011.
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    Wieland-Werke AG, the German fabricator of brass mill products, stated that demand in 2012 began weakly. After January, orders rose only slightly, but demand from important markets in Asia and Europe declined, principally attributed to cautious buying as fears remained over the impact of the course of the euro debt crisis in 2012. In addition, the company is experiencing reduced demand from the electronics industry in Asia following the closure of several plants affected by the tsunami in Japan and flooding in Thailand. Wieland has also not seen any growth support from North America and is uncertain about the global outlook for demand in 2012 due to the unpredictability of the euro debt crisis.
Piotr Ortonowski

Japan - production of rolled copper set to rise 2.4%, says JCBA - 1 views

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    The Japan Copper and Brass Association reported that domestic production of brass mill semis fell by 8.5% y-o-y to reach 64,076t in February. The association also anticipates production of around 67,000t in March, which would represent an 8.3% y-o-y decline for the month and a 6.7% y-o-y contraction in output for FY2011/12. In addition, production in 2012/13 is forecast to rise by 2.4% y-o-y to reach 825,300t of brass mill products.
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

China - Low utilisation rates at Chinese copper flat rolled products fabricators linked to weak demand - 0 views

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    According to a survey performed by Antaike, the mining and metals information provider, average operating rates of facilities in China producing copper flat rolled products fell to 55.8%, down by 3.4% m-o-m in October. The reduction in plant utilisation has been attributed to weak end-use demand from the domestic electronics and automotive sectors since the end of H1 2011, as well as decreasing export orders. Additionally, the volatile copper price is thought to have led to production cuts at copper plate, sheet, strip and foil fabrication plants. The survey also indicated that 50% of the 22 manufacturers sampled believe that demand will continue to decline and 40% think that it will not grow in the short term. Companies cited decreased buying associated with the Christmas and New Year holidays and shrinking exports of end-use products such as electronics and home appliances due to uncertainty stemming from the European debt crisis.
James Wright

Japan - Copper and copper alloy products output fell 10.4% y-o-y in November - 0 views

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    The Japan Copper and Brass Association released an estimate of the total domestic fabrication of copper and copper alloy products in November, which showed that production fell by 10.4% y-o-y to 65,940t. Copper strip production amounted to 18,240t, down by 18% in November and has experienced year-on-year declines for twelve consecutive months. The segment was negatively impacted by weak demand from the semiconductor and electronic industries since autumn 2011. Conversely, brass strip output rose by 3.3% y-o-y to reach 9,895t in November supported by a rebounding automotive sector. Copper tube output in November amounted to 9,895t, down by 20% y-o-y, due to base year effects caused by a rise in production after the hot summer in 2010 (the November level is higher than the same month of 2009). Brass bar output contracted by 5.3% y-o-y in November to reach 14,993t attributed to weak end-use demand from the Japanese construction and electrical sectors, especially in the latter half of this year.
James Wright

USA - Aurubis AG's Buffalo, NY rolled product fabrication charges to rise by 10% - 0 views

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    Aurubis AG's Buffalo, N.Y. copper fabricating business unit (formerly owned by Luvata) announced an increase to the fabrication charges on its rolled product shipments, effective from 1st March. While the exact charge will vary by product, the average fabrication price will rise by 10%. The company has cited the long term rise in supply, maintenance, energy and health-care costs as reasons for the change.
Colin Bennett

ABB revised 5 year plan aims to outgrow its markets from 2011-15, execute on cost and productivity - 0 views

  • In its updated 5-year strategy announced today, ABB also said tight execution on cost and productivity—aiming for annual productivity improvements equivalent to 3-5 percent of cost of sales—will further contribute to increasing profitability over the period, along with targeted expansion of its service and software businesses.
  • ABB’s strategy is built around five components: increasing competitiveness by matching production to local market needs while driving productivity and quality improvements; capitalizing on macro trends such as emerging market growth, resource efficiency and climate change where markets are growing faster than global GDP; leveraging its leading market positions and technologies in core businesses like power grids and industrial automation to take market share; continuing its successful acquisition policy to accelerate growth in priority gap areas; and exploiting disruptive opportunities, such as direct current (DC) technologies, to enable a wide range of energy efficient automation and power solutions.
Piotr Ortonowski

South Korea - Taewoo Metals to develop 170,000t production facilities - 0 views

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    Taewoo Metals, a South Korean, wirerod producer, announced that it plans to invest KRW50B (approximately US$44.25M) in replacing its outdated production facilities with new ones. Once complete, the new production facilities will provide 120,000t of wirerod production capacity and 50,000t of copper billet production capacity.
James Wright

Russia - UMMC will continue to invest in rolled copper & copper-alloy products despite recent drop in demand - 0 views

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    Ural Metal and Mining Company (UMMC), a Russian vertically integrated producer of semi fabricated products, has said that it will continue its investment projects in semi-finished copper and copper alloy products despite a 6% y-o-y Jan-July decline in rolled demand this year. The company broke this figure down into its constituent segments: demand for copper pipes fell by 18% y-o-y and flat rolled products sales dropped 8% y-o-y in Jan-July. UMMC currently sells between 58,000-62,000t of rolled products per annum through its Kirov (flat rolled), Revda (flat rolled), Kolchugtsvetmet (tubes) and Majdanpek (tubes) operations. UMMC will complete its delayed 4-year investment strategy in 2013 with an upgrade of machinery at its Kolchugtsvetmet operation.
Colin Bennett

ABB opens fifth factory in Brazil in $200-million expansion plan - 0 views

  • Brazil is boosting its industrial production, power capacity and enhancing its transmission and distribution infrastructure to meet the needs of its expanding economy as well as for the 2014 FIFA football World Cup and the 2016 Olympic Games.
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    "Brazil is boosting its industrial production, power capacity and enhancing its transmission and distribution infrastructure to meet the needs of its expanding economy as well as for the 2014 FIFA football World Cup and the 2016 Olympic Games." ABB will for the first time assemble in one location compact power substations ( "e-houses") as well as manufacture motors, generators, drive systems, measurement equipment and low-voltage products.
Colin Bennett

Rio Tinto's Q1 copper production up 17% - 0 views

  • Higher production was attributed to higher ore grades at Kennecott Utah Copper and a production ramp-up at Oyu Tolgoi. Mined copper production reached 156,500 tonnes, a year-on-year increase of 17%.
Colin Bennett

Innovations in Water Production and Its Impact on Key Sectors - 1 views

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    "Water is necessary for many applications apart from sustaining life. Because it may not be available in sufficient quantity or at the quality required, some form of treatment may be necessary to meet the needs of an application. More stringent water quality specifications normally require more elaborate treatment methods. Challenges of availing clean water suitable for specific applications have led to innovations in water production to meet the needs of each sector. This research service reports on innovations in water production that specifically impact each key sector. It gives the industry snapshot of each key sector, its current water scenario, innovation landscape, global trends and technology roadmap till 2025. Several examples of innovative non-technological ways to produce or provide water are presented at the end of the report. Some key patents and contact details of key industry players are also given."
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