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Found 21 records | Page 1 of 3

US Steel Wire Producers Postpone Pric...

by wireworld on 12/31/2013 - 10:58 pm
Tag: Press Releases

American steel wire producers have postponed their price increases due to Christmas. However, they are going to hike the price by around USD 11/ton after reopening steel market. The US producers expect the price of order could soar up by USD 28 to USD 33 per ton for January with strong scarp prices. For the steel wire import, the quotation from China is not expected to decline as a result of few inquiries during Christmas holiday. The export price from China to the US could remain around USD 628 to USD 650 per ton after holiday. Nevertheless, the Chinese suppliers would re-consider decreasing their quotations based on actual purchasing.

Southwire To Acquire Coleman Cable

by wireworld on 12/27/2013 - 04:45 pm
Tags: Acquisitions, Press Releases

Southwire Company and Coleman Cable, Inc. have announced that the companies have entered into a definitive merger agreement under which Southwire will acquire Coleman for $26.25 per share in cash. The transaction, which values Coleman at approximately $786 million, including the assumption of $294 million in net debt, was unanimously approved by the Coleman board of directors. The parties currently anticipate the transaction will close in the first quarter of 2014.

The $26.25 per share in cash represents a premium of approximately 16.6 percent to the closing share price on October 29, 2013, the last trading day prior to media reports about a potential transaction, and a premium of 29.6 perc ...

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Larsen & Toubro Wins Rs 2,935-cr Tran...

by wireworld on 12/19/2013 - 09:12 pm
Tag: Projects

Infrastructure firm Larsen & Toubro has announced it's power transmission vertical has bagged a Rs 2,935 crore order or setting up transmission and distribution network in Qatar.

“Power transmission and distribution business of L&T has secured an EPC (engineering, procurement and construction) order valued at Rs 2,935 crore from Qatar General Electricity and Water Corporation for supply and commissioning of transmission lines and substations,” the company said in a statement.

The order is part of expansion of the Qatar Power Transmission System.

“This order aligns well with L&T’s expansion plans in the international arena,” S.N. Subrahmanyan, Seni ...

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Cable Manufacturer to Create 100 New ...

by wireworld on 12/19/2013 - 07:28 pm
Tags: Press Releases, Projects

A cable manufacturer will extend its production facility in Knowsley after securing a £3.5m loan from the Chrysalis Fund – creating more than 100 new jobs.

Tratos UK, a subsidiary of an Italian company, already operates from the Knowsley Business Park site supplying mainly low-voltage cables to the power distribution industry.

Its intention is to expand into medium-voltage cables as well as cables for the offshore wind industry and for the UK’s expanding railway network.

The Chrysalis loan will help the company to acquire an additional adjacent site in Randles Road for its expansion.  The funding will also support the redevelopment and expansion of the production fa ...

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Nexans Cables to Reinforce Sweden’s R...

by wireworld on 12/18/2013 - 02:23 am
Tags: Press Releases, Projects

Sweden’s rail infrastructure is set to receive a major boost in reliability after Trafikverket, the country’s transport administration, agreed a new framework agreement with Nexans. Under the agreement, which covers a two-year period from 2014 to 2016, Nexans will be the main supplier of rail infrastructure cables to Trafikverket. The agreement is worth approximately €16 million and could be extended for a further two years after 2016.

The contract award comes at a time when Trafikverket is making significant efforts to increase the reliability of its network to meet European networks’ top expectations. Nexans was chosen as a supplier thanks to its wide range of solut ...

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US Midcontinent ISO Approves $1.48 bi...

by wireworld on 12/14/2013 - 06:19 pm
Tag: Projects

The US Midcontinent Independent System Operator's board of directors unanimously approved the ISO's 2013 transmission expansion plan, which includes $1.48 billion of investment in 317 new projects.MISO has put together annual transmission expansion plans, known as MTEPs, since 2003. The MTEP has led to about $6.2 billion of completed projects and about $17.9 billion in total investment since 2003, according to the 2013 MTEP report.The $1.48 billion of new transmission investment approved by MISO's board on Thursday is in line with the roughly $1.47 billion recommended in last year's MTEP but well below 2011's MTEP, which saw about $6.51 billion in recommended new transmission investment and ...

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Bekaert acquires majority stake in Ar...

by wireworld on 12/13/2013 - 10:04 pm
Tag: Press Releases

Kortrijk, Belgium-based Bekaert, one of the world's largest steel cord and wire manufacturers, has announced its expansion plans for Central and Latin America, including the startup of a steel fibre plant in Costa Rica, the acquisition of the majority of shares in the ArcelorMittal steel wire plant in Costa Rica, and raising its share from 45 percent to 100 percent in the Cimaf ropes plant in Brazil.  Bekaert's expansion in Costa Rica will be implemented via the Bekaert Ideal Holding and hence includes a regional extension of the partnership between Bekaert and its Ecuadorian partners. The deal also builds on the partnership which Bekaert and ArcelorMittal currently have in Brazil. &nbs ...

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Copperweld Purchases BiMetals Assets ...

by wireworld on 12/13/2013 - 09:13 pm
Tags: Acquisitions, Press Releases

Copperweld Bimetallics LLC, a leading global manufacturer and innovator of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other electrical applications, has purchased certain assets of the CommScope BiMetals® business of Hickory, NC-based CommScope Holding Company, Inc.

The transaction involves the purchase of equipment associated with the manufacture of all copper-clad aluminum and copper-clad steel products. CommScope will retain the processing equipment needed for the production of its GroundSmart® grounding solutions. CommScope will continue to manufacture and sell GroundSmart for use in grounding utility and communications networ ...

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David Ibanez Appointed COO of Coast W...

by wireworld on 12/12/2013 - 11:10 pm
Tag: Personnel

Coast Wire & Plastic Tech LLC announced today that it has appointed David Ibanez to the role of Chief Operating Officer. 

Ibanez comes from San Diego-based Veridiam Incorporated. As Vice President of Operations for the El-Cajon business unit, he managed more than 175 employees and was responsible for sales, production, product engineering, quality and production control for this leading build-to-print contract manufacturer serving medical, nuclear, aerospace, dental and industrial markets.

"David's expertise in managing operations for a world-class manufacturing facility is going to be instrumental in supporting our continued growth," said Mark Vanderwoude, President and CEO ...

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wire and Tube China 2014 Dates Announced

by wireworld on 12/11/2013 - 10:01 pm
Tag: Wire China

wire China 2014, the 6th All China International Wire and Cable Industry Trade Fair, and Tube China 2014, the 6th All China International Tube and Pipe Trade Fair, will be held concurrently at the Shanghai New International Expo Center from September 24 - 27, 2014. Both events will be organized by Messe Düsseldorf China Ltd., a subsidiary of Messe Düsseldorf in Germany and the Metallurgical Council of the China Council for the Promotion of International Trade. In addition to several national supporting associations for both trade shows, the International Tube Association (ITA) will support Tube China 2014 internationally.

wire and Tube China have developed into Asia’s larges ...

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