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Found 21 records | Page 1 of 3

Tata Steel Plans Job Cuts in Construc...

by wireworld on 10/31/2013 - 08:13 pm
Tag: Press Releases

Tata Steel has blamed a ‘prolonged downturn in demand’ for a proposed restructuring of its business that supplies steel for construction and engineering industries. Tata said the restructure would see 500 job cut, mainly management and administrative functions at sites in its Long Products business in Scunthorpe, Teesside and Workington in the UK.

The proposals are designed to help strengthen its competitiveness, the group said. ‘The proposals come amid a prolonged downturn in demand for some of the key products made by the Scunthorpe-based business, including the UK market for construction steel, which is about half of 2007 levels.’

The Long Products business mak ...

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Wire Manufacturer Coleman Cable Explo...

by wireworld on 10/31/2013 - 08:02 pm
Tag: Acquisitions

Coleman Cable Inc, a manufacturer of electrical and electronic wire and cable products, is exploring a sale of the company, according to people familiar with the matter.

Coleman is in early-stage discussions with potential buyers before sending out detailed financial information in the next several weeks, the sources said on Wednesday, asking not to be identified because the matter is confidential.

The Waukegan, Illinois-based company has about $90 million in annual earnings before interest, taxes, depreciation and amortization and may be valued at about 8.5 times EBITDA in a potential sale, or more than $750 million, two of the sources said.

Shares of Coleman surged 10 percent to $24.75 ...

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PWM Launches New Cold Welding Video

by wireworld on 10/31/2013 - 07:23 pm
Tag: Press Releases

British company PWM, which designs, manufactures and supplies high-performance cold welding equipment, has introduced a new video demonstration of its best-selling M101 manual cold welder .

The video, which can be viewed at www.pwmltd.co.uk, shows how the M101 can be used to weld non-ferrous materials quickly and easily without the need for heat, flux or fillers.

The M101, like all PWM’s cold welders, is designed and built in-house. It will weld copper wire 1m to 3mm (.040” to .141”) and aluminium 1mm to 5mm (.040” to .197”), and can be used on a workbench or supplied with a trolley, enabling the operator to wheel it to the work area. No set up time is require ...

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New Steel Mill in Thailand to be Oper...

by wireworld on 10/26/2013 - 08:09 pm
Tags: Press Releases, Projects

Thailand-based Long Luck Group is building a new $36 million steel mill in the Samutsakorn district of Bangkok, according to Asia Pacific Investment House (APIH), the lead funding arranger for the project.  The Long Luck Steel Mill will produce, sell and distribute steel billets and steel wire rod, with an annual production of 380,000 mt. The steel mill, which is expected to be fully operational in mid-2014, will create approximately 300 local jobs over three years. According to the Iron and Steel Institute of Thailand (ISIT), compared to its ASEAN partners, Thailand has the largest steel market in the region. Having a strong positive correlation with economic growth, its apparent ...

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Mitsui Group Wins Wind Power Line Dea...

by wireworld on 10/26/2013 - 06:57 pm
Tag: Projects

A joint venture between Mitsui & Co., Marubeni Corp., and SoftBank Corp.’s renewable energy unit won a contract to build transmission lines in Hokkaido to increase wind power capacity in a government pilot project.

Eurus Energy Holdings Corp., a Tokyo-based clean energy developer, was chosen for a separate contract for the same project, the Economy, Trade and Industry Ministry said in a statement.

“The project is intended to service and identify technical issues in areas that are suitable for wind power generation with weak transmission networks,” the ministry said.

The ministry will cover half of the total project costs, according to an application for the subs ...

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Cable Manufacturer, Southwire to Inve...

by wireworld on 10/26/2013 - 06:44 pm
Tag: Press Releases

Gov. Nathan Deal announced that Southwire, a leading manufacturer of wire and cable used in the distribution of electricity, will expand its presence in Carroll County, creating 375 jobs and investing $95 million into the project over the next four years.

`Southwire continues to expand its presence within Georgia,` said Deal. `This homegrown company was founded here decades ago, and its growth in Georgia reflects the advanced skills of our dedicated workforce as well as its overall satisfaction with our business-friendly environment.`

Founded in 1950, Southwire remains headquartered in Carrollton and has a long track record of creating and retaining jobs in the state. In 2011 and 2012 ...

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ANDRITZ to Supply Furnace Plant for N...

by wireworld on 10/23/2013 - 07:13 pm
Tags: General, Projects

International technology Group ANDRITZ has received an order from voestalpine Austria Draht one of the world’s leading wire manufacturers for the supply, installation, and start-up of a new walking beam furnace for continuous casting billets at the Donawitz plant, Austria. The plant will have an annual capacity of 550,000 tons. Start-up is scheduled for the beginning of 2016.ANDRITZ Maerz, specialist for continuous industrial furnace systems in the ANDRITZ GROUP with headquarters in Düsseldorf, Germany, will supply this turnkey plant consisting largely of steel structure, refractory lining, transport system, combustion system, instrumentation and control equipment, and the mathema ...

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First wire South America Successfully...

by wireworld on 10/22/2013 - 12:46 pm
Tag: Wire South America

wire South America - International Wire and Cable Fair – was held for the first time from 1 to 3 October 2013, with 173 exhibitors from 26 countries. It was held concurrently with TUBOTECH - 7th International Trade Fair for Pipes, Valves, Fittings and Components – also at the Exposições Imigrantes exhibition centre in São Paulo.

Brazil’s boom in the construction, automotive and consumer electronics industries has led to a marked increase in the demand for wire, cable and tube products. The approximately 15,000 trade visitors registered during the three days of wire South America und TUBOTECH confirmed that there is an increasing interest in an interna ...

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voestalpine Builds Europe’s Most Mode...

by wireworld on 10/21/2013 - 06:48 pm
Tag: Press Releases

By 2016, voestalpine Austria Draht will have completed construction of Europe's most modern wire rolling mill at its Leoben-Donawitz site. The mill will then produce around 550,000 tons of high quality wire rods each year for the automotive and energy sector. The nine-figure investment will secure the long-term future of the Donawitz site, headquarters of the voestalpine Group's extremely successful Metal Engineering Division. Over the past five years, the Group has already invested more than a billion euros in its eight sites in Styria. During the last business year, around 8,000 employees in the Metal Engineering and Special Steel Divisions in Styria generated revenue of EUR 3.3 billion. 8 ...

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Bridgestone Closing Japanese Steel Co...

by wireworld on 10/19/2013 - 10:10 pm
Tag: Press Releases

Within the coming 12 months, Bridgestone Corporation will close its steel cord facility in Kuroiso, Japan and consolidate production into its remaining Japanese steel cord plant, Saga. The company says these measures will commence immediately and it expects to complete them by late September 2014. Explaining why the decision to close the plant was made, Bridgestone says it previously “implemented a number of initiatives” to increase the Kuroiso site’s competitiveness and overall profitability, however it is now taking the step of closing the facility and consolidating production in Saga “due to intense competition in the steel cord production industry and ongoing comp ...

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