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Summit & Expo Unite Industry Experts,...

by wireworld on 05/25/2018 - 12:08 pm
Tag: Wire Expo

The Wire Association International (WAI), Inc. reports that its WAI Operations Summit & Wire Expo captured the interest of 1,158 participants representing 37 states and 17 countries. The conference and exhibits coincided with the association’s 88th Annual Convention. All activities took place at the Gaylord Opryland Resort & Convention Center, May 14-16, 2018, in Nashville, Tennessee, USA.  Remarking on the event, WAI 2018 President Richard Wagner said, “Wire Expo 2018 was a successful show for the Wire Association International. The venue was excellent and there was much enthusiasm expressed about the content of the training and various meetings on the agenda. There ...

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Eight International Pavilions Allow Y...

by wireworld on 05/25/2018 - 07:29 am
Tag: Wire China

With the continuous opening up of trade policies and the structural adjustments to domestic industries in recent years, overseas investors have clearly felt the new momentum and vitality of the Chinese market. Increasing number of global investors are now focusing their attention on our country. In comparison with other markets, investing in China offers guaranteed returns. Even Warren Buffett, the ‘Oracle of Omaha’, expressed his optimism about the Chinese market at the annual shareholders’ meeting of Berkshire Hathaway in 2018!  China is currently focusing on promoting the development of infrastructure, public transport, new energy, architecture and energy-saving ind ...

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Sterlite Power Targeting $4 Billion I...

by wireworld on 05/21/2018 - 08:31 am
Tag: Projects

Sterlite Power, which won orders to build power transmission lines in Brazil last year, is mulling an investment of USD 4 billion in energy projects in Brazil by 2022.

Looking for better returns and a wide range of opportunities for investments in Brazil, Sterlite Power's idea is to grow rapidly in the country and establish its headquarters in Sao Paulo as a base for future expansion.

"We are already committed to USD 1 billion (in projects), and we are open to expanding this three or four times over the next three or four years," Sterlite Group CEO Pratik Agarwal said in a statement.

Sterlite caught the attention of the Brazilian energy industry in its first bid in April last year to take ...

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JSW Steel Announces Acquisition Of It...

by wireworld on 05/21/2018 - 08:23 am
Tags: Acquisitions, Press Releases

JSW Steel has acquired Aferpi, an Italian steelmaker, for a cash consideration of 55mn euros (Rs441cr). The acquisition also includes stake purchase in Aferpi who is a maker of specialty long steel products. The company's plant consists of a rail mill (0.32mtpa), a bar mill (0.4mtpa) and a wire rod mill (0.6mtpa). The plant also has a captive port and steel ball mill that are part of the acquisition. Aferpi specializes in producing high-quality long steel products such as rails, wire rods and hot rolled bars. The company supplies high-speed rails to major railway networks in Europe. The acquisition would be funded through internal accruals and debt held by the target companies. JSW Steel s ...

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