Skip to main content

Home/ Copper end use trends/ Group items matching "tube" in title, tags, annotations or url

Group items matching
in title, tags, annotations or url

Sort By: Relevance | Date Filter: All | Bookmarks | Topics Simple Middle
Jon Barnes

Mueller Industries posts weaker Q2 earnings - 0 views

shared by Jon Barnes on 22 May 08 - Cached
  •  
    US speciality brass mill Ansonia Copper and Brass Inc. has announced that it will lay off 85 of the 102 employees at its Liberty Street, Ansonia, factory in Connecticut. The plant manufactures copper alloy rod and wires. Company President Raymond McGee said "it's a very, very difficult situation". He blamed the redundancies, on top of 76 employees laid off in April 2007, on the company's struggle with escalating costs. Since 2002 electricity costs have soared 239%, natural gas 200%, fuel oil 125%, and copper and nickel 500% apiece. Ansonia's other facility in Waterbury, CT, which manufacturers copper alloy tube is unaffected by the announcement.
  • ...13 more comments...
  •  
    Tough times in the US brass mill industry
  •  
    Dowa Metanix announces capacity increase Company announces new pickling line and facility renewal Dowa Metanix, the rolled copper maker of the Dowa Metaltech group announced it will invest around ¥2 billion (US$ 19 million) in a new pickling line and renewal facility during the current fiscal year which began in April 2008. The new pickling line is expected to begin operations early in the fiscal year 2009 and the new line and improved facilities are expected to improve the firm's cost competitiveness. The company then said it plans to expand output capacity by 40% to 1,200 tonnes per month by 2010 as it tries to improve productivity to increase its supply for connector pins and semi conductor lead frames.
  •  
    In the past few days world leading cablemaker Nexans has announced one acquisition, one new joint venture and one asset disposal. On the 30th May, Nexans acquired Intercond a leading Italian manufacturer of special cables for industrial equipment and subsea applications. The company had sales of €90m and employs 150. "This [€90m] acquisition fits totally in the Group's strategy by increasing the proportion of its business in high value-added special cables", said Gerard Hauser, Chairman and CEO of Nexans. On the 2nd June, Nexans released a press report confirming that it has formed a joint venture to create a wire and cable plant in Qatar, the country's first manufacturing facility. Qatar International Cable Company (QICC) is owned 29% by Nexans with the balance being owned by Special Projects Company and Al Neama Industrial Co. The new plant in the industrial city of Mesaleed, 40km from Doha, and will employ 210 people. By the end of 2009 it will begin manufacturing low and medium voltage cables for buildings and energy infrastructure as well as special cables for the oil and gas industry. This JV will generate sales of $150m per year by 2010 at current copper prices. Finally, Nexans confirmed that it has completed the pre-announced sale of its copper telecom cable plant at Santander in Spain to the British company B3 Cable Solutions for €17m. These three actions continue to refocus the group's strategy on priority market segments.
  •  
    Hot on the heels of the news that Nexans was to build a joint venture in Qatar to construct the country's first wire and cable factory , comes today's news that El Sewedy Cables of Egypt is also to build a $150m power cable plant in Qatar. The 30,000tpy capacity plant will start operating at the end of 2009 or early 2010 and will mostly sell to the domestic market. El Sewedy will own 50% of the company and Qataru based Aamal Holding will hold the remainder. El Sewedy is currently building new cable factories in Algeria and Saudi Arabia, with both expected to start later this year.
  •  
    Turkish copper semis producer Sarkuysan expects its output of copper products (wirerod, wire, tube and billet) to rise from 185,000 tonnes in 2007 to around 200,000 tonnes in 2008. According to the General Manager Hayrettin Cayci, "The market is forcing us to increase production as demand, particularly in Turkey, is very healthy", adding that demand came mainly from a Turkish property construction boom. "There's a big boom in demand for energy cables. Plus developed European countries have pulled away from cable production and they're mainly supplying from countries like Turkey". However, high copper prices have eroded profit margins so the company is focussing on more higher value products. He expected total Turkish copper demand (refined and scrap) to rise above 500,000 tonnes this year, from 450,000 tonnes now, and by 2010 he expected demand would reach 600,000 tonnes. Refined copper consumption is currently around 300,000 tonnes.
  •  
    The Exsym Corporation, the joint venture between SWCC Showa Holdings and Mitsubishi Cable Industries, has announced plans to expand its exports of ultra high voltage cables to the Middle East and South East Asia. In order to meet this increase in demand, a horizontal sheathing line has been transferred to the company's Aichi plant in Japan. This will bring the number of sheathing lines for ultra high voltage cables at the plant to three, once the transferred line begins commercial operation over the summer. Exsym also plans to renew one of the two conductor stranding lines at the Aichi plant with the new line expected to begin commercial operation in November 2008. With these new lines as well as an increased number of construction staff, copper cable capacity at the plant is expected to grow by around 200 tonnes per month to 1,200 tonnes per month. In the fiscal year 2007, Exsym posted revenue of ¥41 billion ($0.39 billion) with an operating profit of almost ¥2 billion ($0.02 billion). Exports of ultra high voltage cables to the Middle East and South East Asia accounted for around 40% of the total revenue. The company expects the increase in export capacity to increase revenue to ¥43 billion ($0.41 billion) per year by the end of the fiscal year 2010.
  •  
    Mitsubishi Shindoh is to invest Yen6-7 billion to expand production of copper strips at its Sambo plant in Osaka, Japan. This will increase capacity from 3,200 tonnes per month (tpm) to 4,200tpm by March 2010. In addition, the company will transfer 800tpm of copper strip production from its plant in Wakamatsu, Fukushima, Japan, bringing total production capacity to 5,000tpm. Mitsubishi Shindoh will also spend Yen6 billion to improve its copper alloy strip capabilities at its Wakamatsu plant. Productive capacity will remain at 6,500tpm, but with an increased ratio of high quality products. As a result, total company capacity will grow by 40% to 11,500tpm. Mitsubishi Shindoh is a copper and copper alloy fabricator within the Mitsubishi Materials Group. Japan mills have recently seen a strong growth in orders from the semiconductor, leadframe, connector and automotive industries, and clearly expect this to continue.
  •  
    Hindalco Industries and Sterlite Industries - the two privately owned Indian copper smelter/refinery/rod producers - are considering changing their domestic pricing mechanism for copper due to the dramatic rise in oil prices. At present, a uniform pricing system for customers all over the country is in place, however, the companies are mulling a change to ex-works pricing. This would mean that customers would be charged a different price depending on their delivery destination from the smelter. To balance the recent hike in fuel prices, they had recently started levying a Rs2/kg freight charge across the country irrespective of distance. Diesel is used in firing the furnaces while furnace oil is used in running them. The total fuel cost is estimated at 10-12% of the price of copper, with 1% of this being the transportation cost. The fuel price hike has not affected domestic copper demand as yet, but a prolonged period of this sentiment may hit many developing infrastructure projects badly.
  •  
    Jiangxi Copper said it expects Chinese refined copper consumption to grow at 8-10% this year driven by investment in the power industry. Power generation accounts for between 50-60% of all copper used in China. Damage to power generation capacity caused by this year's earthquake in Sichuan province will require a major rebuilding program which will also stimulate copper consumption. Chinese refined copper imports fell by 23% year on year between January and April, however, this decline was at least partly explained by a 23% expansion in Chinese refined copper production during the period. Wu Yuneng, General Manager of JCC Southern Copper said, "We need more concentrate and scrap rather than refined copper".
  •  
    Four major Japanese copper tube producers plan to reduce production by 4% year-on-year to 84,220 tonnes in total during the first half of the fiscal year 2008 (April 07-March 08). It is reported that demand for copper tubes has fallen because of the inactive construction industry as well as high copper prices. The construction industry saw a major slowdown last year after the introduction of new building regulations. All four producers expected this weak trend to continue. Sumitomo Light Metal is the only producer who plans to increase its output estimate, but only by 1% year-on-year. Kobelco & Materials Copper tube says that it would decrease normal tube output for export to adjust the inventory level at its Malaysian operation. Furukawa Electric and Hitachi Cable said they would need to focus more on their commercial tube businesses. It is believed that the tube market has also been hit by substitution from aluminium.
  •  
    As of the 30th May, the Optical Cable Corporation acquired Superior Modular Products Incorporated (known in business as SMP Data Communications) in a deal worth $11.5 million. SMP Data Communications is now a wholly owned subsidiary of the Optical Cable Corporation. The President and CEO of Optical Cable, Neil Wilkin, said the acquisition would enable the company to expand its product offerings with more complete cabling and connectivity solutions, including fibre optic and copper connectivity. SMP Data Communications manufactures more than 2,000 products including cutting edge Category 6a connectivity solutions which offer a 10 Gig throughput.
  •  
    A subsidiary of Japanese company Sumitomo Electric Industry Group, Sumitomo Electric Wintec Inc, has recently developed a new type of winding wire. The HGZ is a scratch-resistant winding wire for varnish impregnation for compressor motor. The company has started selling this new type of winding wire. This new development improves the adhesive tendency of varnish which solves the problem of varnish impregnation in fixing coil from traditional scratch-resistant winding wire. It also improves the energy efficiency of motor as it forms coil with higher density. Sumitomo Electric Wintec specialises in copper-based magnet wire and it serves mainly the manufacturers of air conditioners, automobiles, refrigeration equipment and televisions.
  •  
    Luvata's ECO-Heatcraft division has launched a new technology for its air conditioning and refrigeration systems based upon using carbon dioxide as a refrigerant. The company believes that, as well as offering zero ozone depletion and less effect on global warming, the use of carbon dioxide can also allow more efficient operation of the system than traditional refrigerants. Luvata claims that, "The higher volumetric efficiency of carbon dioxide (known as R744) means that the cross sectional area of pipes used in heat transfer equipment can be reduced. As a result, equipment has the potential to be smaller, lighter, more efficient and better for the environment". The development of smaller diameter pipes with reduced wall thicknesses would tend to favour existing inner grooved copper tube based designs rather than emerging aluminium based technologies.
  •  
    Further evidence of the impact of the North American economic slowdown on copper demand has recently been published by the ABMS and government statistical bodies. North American copper wirerod production plummeted 9.6% year-on-year to 174,000 tonnes in April. Output had been on a downward trend but the magnitude of the deterioration in April has still come as something of a surprise. A year-on-year increase of 2.0% in North American output January had been followed a 1.0% fall in February and a 2.7% drop in March. In April Canadian output was flat year-on-year due to improving export sales to the US, while US production fell 9.8% year-on-year and Mexican shipments slumped by 17.5%. On a year-to-date basis North American wirerod production was 2.9% lower in the four months to April 2008. Weakening demand from the automotive industry, coupled with a resurgance in copper prices and the return of Russian wirerod imports has clearly led to a deteriorating market situation for domestic mills.
  •  
    Mueller Industries second quarter results highlight the tough times that the US brass mill industry is facing, but that companies can still operate profitably in a challenging market environment. The company's plumbing and refrigeration segment saw sales fall 11% to US$404m, while its operating profits dropped 32% to US$35m. The company blamed lower shipment volumes and lower spreads for the weaker performance. Sales at the company's OEM division, which includes its brass rod activities, rose 10% year-on-year to US$354m, while its operating profits rose 5% to US$19m. The improvement here is due to acquisition of Extruded Metals. Commenting on the results Harvey Karp, Chairman of Mueller Industries said "Mueller's earnings for the first half of 2008 were achieved despite the continuing decline in the housing industry, the sub-prime mortgage meltdown, the turbulence in the financial markets, rising metal costs, sky-high energy prices and a slowing national economy. Considering these adverse circumstances, we are pleased with the results."
Matthew Wonnacott

Henan Golden Dragon to open a new high precision copper tube plant - 0 views

  •  
    Yangzhou Baosheng Copper Industry, a large Chinese manufacturer of wire and cable, announced on 12th December that it had placed an order with Germany's SMS Meer for a CONTIROD system to be installed at its plant in Baoying, Jiangsu province. The new system, which has a capacity of 48t/h, will come into action in 2014 and will enable the company to expand its range of products.
  • ...3 more comments...
  •  
    Guangyuan Copper Co., a Chinese producer of oxygen-free copper wirerod, announced on 25th December that it has fully opened its new facility based in the Yingtan Hi-Tech Industry Zone in Jiangsu, China. The new facility, which has been running on a trial basis since September 2012, is expected to produce 10,000t/y of high purity oxygen free copper wirerod.
  •  
    According to data from the Jiangxi Commission of Industry and Information, 2012 output of copper semis in the Chinese province of Jiangxi was 2.09Mt, a 24.5% increase on 2011. According to the Commission there are 286 copper companies with revenue above RMB5M (US$795,000) in Jiangxi, including China's largest integrated smelter and semis producer Jiangxi Copper Co.
  •  
    Chinalco Shanghai Copper Co, a subsidiary of China Aluminium Group Corporation, will produce 45,000t of flat-rolled copper plate and strip in 2013, according to a source from the company. The company has copper plate and strip production capacity of around 70,000t/y according to Antaike, suggesting a utilisation rate of around 64% for the year. Chinalco Shanghai Copper Co also produces copper foil at its Baoshan-based production facility and currently has a capacity of 20,000t/y.
  •  
    According to an annual survey from Antaike, operating rates at Chinese copper fabricators were on average 2.66 percentage points lower in 2012 than in 2011. The sector that saw the largest slow down in utilisation was the copper tube sector, down 7.27 percentage points in 2012, due to low operating rates in air conditioner sector denting the demand for copper tube in China. Wire manufacturers and foil manufacturers were reported to have fared better in 2012, with utilisation rates rising modestly.
  •  
    Henan-based Golden Dragon Precise Copper Tube (Henan Golden Dragon), the world's largest manufacturer of commercial copper Tube, will open a new 30,000t/y high precision copper Tube factory in July 2013. Henan Golden Dragon begun production of the facility in May 2012 and have invested a total of RMB 380M (USD60.5M). The factory will produce high precision copper Tube.
William Pratt

KMCT to Boost Copper Alloy Tube Sales - 0 views

  •  
    Tokyo-based Kobelco & Materials Copper Tube (KMCT) announced plans to increase copper alloy Tube output to 500tpm in the year April 2009 - March 2010, an increase of more than 170% on current production levels. At present, KMCT's plant in Hadano, Japan produces 180tpm of phosphor bronze Tube, which serves the heat-pump water heater market. The firm cited growing demand from other end-use markets, as copper prices remain high, as the reason for the expansion. Copper alloy Tube consumes 30% less copper metal than copper Tube thanks to its thinness. The price of a copper alloy Tube is higher than copper Tube of the same weight, however, users can gain a cost advantage from lower copper consumption per metre.
Panos Kotseras

China - Copper tube manufacturers operate at low capacity due to weak demand - 0 views

  •  
    According to data released by the Shanghai-based nonferrous metals data provider Metalease, 18 major copper tube makers in China were operating at 35% capacity in January, in response to plummeting demand. Business activity has also been affected by the Chinese New Year festivities. The plants, which have a combined capacity of 978,000 t per year, consumed 28,000 t of refined copper in January compared to their consumption capacity of 81,500 t per month. Even though the Chinese government has increased the export tax rebate for copper tubes of diameter of less than 25 mm, the 18 copper tube producers exported only 21% of their total output in January, compared with 26% in December.
James Wright

U.S.A - Wolverine Tube Inc. Plans to exit Chapter 11 bankruptcy protection - 0 views

  •  
    Wolverine Tube Inc., the U.S. copper Tube producer, has filed a joint plan of reorganisation to emerge from Chapter 11 bankruptcy protection. The company intends to sell its Netherlands-based Wolverine Tube Europe BV sales and distribution unit in order to fulfil debt obligations outlined by the plan and caused by volatile copper prices and declining sales revenue. Wolverine Tube Europe BV markets copper and copper alloy Tube products that are principally used for heat exchange and cooling applications.
Matthew Wonnacott

Paranapanema starts operations at new tube facility - 0 views

  •  
    Paranapanema, the Brazilian copper smelter and semis fabricator, has started test operations at its new 30,000t/y seamless commercial copper tube plant in Utinga. The plant, which cost BRL100M (US$50M) to build, will initially produce 400-600t/m of commercial tube before ramping up production to reach 2,500t/m within 12 months. The company plans to make copper commercial tube for use in the HVAC sector in Brazil. According to CEO Edson Monteiro, Brazil still imports around 40% of its copper tube from abroad.
Colin Bennett

Skylon Testing Success for Fine Tubes and Reaction Engines - 0 views

  • Fine Tubes used Inconel, a nickel alloy that has excellent heat resistance. Because of the amount of tubing required, it had to be as lightweight as possible. Inconel is a difficult material to shape and the thinness required meant it was easily damaged, so to fulfil Reaction Engines' requirements Fine Tubes installed completely new equipment for the Tube cleaning process at its Tube mill.
James Wright

Japan - Imports of copper tube decrease by 36% m-o-m on slowing domestic air conditioner production - 0 views

  •  
    Imports of copper tube to Japan fell by 36% m-o-m in September to reach 1,271t according to Japan's Ministry of Finance. September's import total was up by 44% y-o-y but still represents the lowest level seen since February 2011. The situation is attributed to recent copper tube supply being very tight due to record air conditioner sales between February 2010 and September 2011 that peaked in August 2011. Since then, there has been a significant easing in copper tube availability as air conditioner manufacturers have opted to drawdown stocks, effectively reducing tube demand. The market is expected to tighten again in 2012 if Hitachi Cable executes its plans to exit from domestic copper tube production.
Susanna Keung

Linderme Tube Co Shuts Down Ending 81 Years of Operation - 0 views

  •  
    Linderme Tube was a manufacturer of copper and aluminium products. The company was founded in 1927 and employed some 81 people, mostly residents of Euclid and Cleveland. According to a Linderme spokesman, the company has sold all its assets to Small Tube Products Co. and ended production on 1st October. Small Tube Products is a leading North American producer of copper and specialty alloy Tubes. It was acquired by Wolverine Tube in July 1994 and was sold recently based on Wolverine's decision to focus on its core products.
Colin Bennett

Hailiang to build 25,000-tpy copper tube plant in Guangdong - 0 views

  •  
    "Zhejiang Hailiang Co, China's biggest copper tube producer, plans to invest 200 million yuan ($33 million) to build a copper tube plant in Guangdong province. "
Piotr Ortonowski

US - Golden Dragon circumnavigates US anti-dumping regulations by setting up copper tube operations in the US - 0 views

  •  
    It was reported that US State authorities have signed an agreement with China headquartered Golden Dragon Precise Copper Tube Group Inc. for the construction of a new copper Tube plant in Wilcox County, Alabama. Development of the facility will involve an investment of US$100M, however, the production capacity of the operation is not yet known. This follows September news that the company had not broken ground at its proposed US$100M, 45,000t/y copper pipe and Tube project in neighbouring Clarke County, Alabama. The delay was attributed to a larger than originally anticipated site requirement, leading to the development of new plans to relocate the facility. Production will supply the US heating, ventilation, refrigeration and air conditioning sector.
Colin Bennett

Australian copper tube manufacturing unit closes - 0 views

  • Crane Copper Tube has been unprofitable for a number of years due to factors including manufacturing overcapacity of copper tubing for plumbing requirements in the Australian market, the increasing substitution of copper tubing with other materials such as plastic composites and increased import competition.
Panos Kotseras

US - World copper tube and pipe market analysis - 0 views

  •  
    According to a recent report published by Global Industry Analysts, the global copper tube and pipe market will exceed 3.6 million tonnes by 2015. While mature regions such as North America, Western Europe and Japan exhibit flat or negative growth, emerging economies in Asia-Pacific, Eastern Europe and the Middle East will generate significant prospects for the copper tube and pipe industry. The fastest growth will be realised in China because of its ongoing industrialisation and urbanisation activity.
Panos Kotseras

USA - Chinese copper tube maker Golden Dragon considering building a plant - 0 views

  •  
    It was reported that Golden Dragon Precise Copper Tube Group is considering establishing a plant in the US. The three candidate locations are Thomasville, Little Rock and Dallas. Golden Dragon's copper Tube products will serve the HVACR industry. This prospect comes further to the antidumping duties on copper Tube imports from China and Mexico. Golden Dragon had established a Tube factory in Mexico and its shipments to the US have been impacted due to the duties.
Piotr Ortonowski

China - Henan Longhui Copper semis project is underway - 0 views

  •  
    Chinese Henan Longhui Copper Co. Ltd. has confirmed that its copper and copper alloy tube and copper pipe project is underway and is expected to be completed by June 2011. The operation is expected to produce 90,000t/y of copper and copper alloy tube, including large-calibre copper tube and corrosion-resisting copper alloy tube, and 100,000t/y of copper pipe. The project will be completed at a cost of RMB1B and is expected to generate RMB10B in sales revenue and RMB500M in pre-tax profit. The company, which is located in the Mengzhuang Industrial zone of Hui county in Henan province, produced 380,000t of copper tube in 2010 and generated RMB23.5B in sales revenue.
Panos Kotseras

Mexico - Luvata officially opened its new copper tube plant - 0 views

  •  
    Luvata officially opened its first copper tube plant in Mexico, aiming to fabricate tubes for the HVACR industry. The company sees the current downturn in the commercial tube market as a convenient time to establish its position in the marketplace and be ready when the market picks up. The Monterrey-based plant has started with small but steady deliveries since mid-June. Currently, the plant employs 180 staff with the plan to raise workforce to 250 when the full capacity level of 2,500t per month is reached in H1 2010. Luvata aims to supply several major clients but also expand its clientele to new and smaller Mexican customers. The company intends to differentiate itself by offering just-in-time deliveries, enabling its clients to run reduced inventory levels.
Matthew Wonnacott

Chinese tube producers had a stronger finish to 2012 - 0 views

  •  
    A recent survey by the Shanghai Metals Market of 20 major Chinese copper tube producers, with a total capacity of 1.2Mt/y, showed that operating rates in December increased to 73.41%, up 2.29 percentage points from November. The survey cited increased production in China's air conditioner sector as a reason for the uptick in utilisation rates at tube producers. The release highlighted a separate survey of air conditioner manufacturers, which showed a pattern of inventory restocking, with finished inventories increasing for four straight months. The SMM survey also revealed that producer's inventories of raw materials for the production of copper tube had fallen to 12.78% of production in December, down 2.92 percentage points from November. The reason given was tighter credit conditions at the end of 2012.
James Wright

USA - Golden Dragon to open new copper tube plant in Wilcox County, Alabama - 0 views

  •  
    It was reported that US State authorities have signed an agreement with China headquartered Golden Dragon Precise Copper Tube Group Inc. for the construction of a new copper Tube plant in Wilcox County, Alabama. Development of the facility will involve an investment of US$100M, however, the production capacity of the operation is not yet known. This follows September news that the company had not broken ground at its proposed US$100M, 45,000t/y copper pipe and Tube project in neighbouring Clarke County, Alabama. The delay was attributed to a larger than originally anticipated site requirement, leading to the development of new plans to relocate the facility. Production will supply the US heating, ventilation, refrigeration and air conditioning sector.
Matthew Wonnacott

Mueller report stronger profits in Q4 2012 - 0 views

  •  
    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.
  •  
    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.
  •  
    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."
Colin Bennett

Commerce extends deadline in copper pipe, tube trade case - 0 views

  • The Commerce Department’s International Trade Administration has extended to September 21 the deadline for rebuttal comments in an anti-dumping duty administrative review on seamless refined copper pipe and tube from China at the request of exporters/producers GD Copper, Golden Dragon Holding (Hong Kong) International, Golden Dragon Precise Copper tube Group and Hong Kong GD Trading.
1 - 20 of 165 Next › Last »
Showing 20 items per page