English Español
Subscribe to RSS

Found 319 records | Page 1 of 32

LS Wins $53 Mil. Extra High-Voltage U...

by wireworld on 12/16/2017 - 06:50 pm
Tag: Projects

LS HongQi Cable, the China-based cable manufacturing unit of LS Cable & System, has struck a $53 million deal to provide extra high-voltage underground cables to the Ministry of Electricity and Water in Kuwait, the company announced.This is the first extra high-voltage cable deal LS HongQi Cable has won in the Middle Eastern market. The company will supply 132 kilovolt cables throughout Kuwait from next year through 2019 using a turnkey system, it said."LS HongQi Cable achieved the deal by shifting its target to win a deal from the domestic market to overseas regions such as the Middle East and Asia starting last year," LS Cable & System President and CEO Myung Roe-hyun said in a sta ...

Read More

Furukawa Electric’s Telecom Division ...

by wireworld on 12/16/2017 - 06:45 pm
Tags: Press Releases, Projects

Furukawa Electric LatAm, a subsidiary of the Japan-based Furukawa Electric Group, has now opened a new manufacturing facility in Mexicali, Baja California, focused on the production of solutions for the communications market. 

The new plant will cover 6,000 square meters with two operating units – one for the production of fiber optic cables and cordages and the other for optical equipment, cordages and accessories assembly.

The first phase of operations, which represents an investment of US$ 4.5 million, will concentrate on producing fiber optic cables and cordages for optical fiber access. During its first year, the new Furukawa Electric plant is expected to generate 150 direc ...

Read More

Corning Expands Fiber Optic Business ...

by wireworld on 12/13/2017 - 04:18 am
Tags: Acquisitions, Press Releases

Corning Inc. will spend $900 million to buy a 3M unit, a move to complement and expand its offerings to the fiber optic market.  The company announced it is acquiring the Austin, Texas-based 3M Communications Markets unit.

Corning's takeover will add about $400 million in sales to Corning's revenues and 7 cents to 9 cents per share in annual earnings by 2019, the company said in a statement accompanying the announcement.

“This transaction expands both our global market reach and our high-bandwidth portfolio," said Clark S. Kinlin, executive vice president, Corning Optical Communications. "It also provides new co-innovation opportunities and enhances our abili ...

Read More

Coats Takes Over Patrick Yarn Mill

by wireworld on 12/11/2017 - 10:45 am
Tag: Acquisitions

Coats Group has acquired Patrick Yarn Mill, a manufacturer of high-performance engineered yarns based in North Carolina. The initial consideration is US$21m, with further payments of up to US$4m over a three year period to 2020, contingent on Patrick Yarn Mill achieving certain performance targets. Coats said the acquisition would be funded from operating cash flows and existing debt facilities. Patrick Yarn Mill specialises in cut-resistant and flame retardant yarns. It also produces yarns from recycled fibres marketed under its earthspun trademarks and with its large solar installation promotes its earth friendly yarns as 'Spun by the Sun'.

SAIL-ArcelorMittal Automotive Steel T...

by wireworld on 12/10/2017 - 06:58 pm
Tags: Press Releases, Projects

Union Steel Minister Chaudhary Birender Singh announced that a joint venture between steel giants SAIL and ArcelorMittal to produce high-end automotive steel will be signed soon, with about Rs15,000 crore investment.

“They (ArcelorMittal) have the technology and they are keen to have a JV with SAIL. That is at a stage where things would click within few days or within one or two weeks’ time. The JV is yet to be signed but I can say 99 per cent of the formalities have been completed,” the minister told reporters in Hyderabad.

Singh said offers have come from the Gujarat and Andhra Pradesh governments for the site of the plant, but the government favoured Andhra Pradesh due ...

Read More

Al Ittefaq Is Looking At UAE Market A...

by wireworld on 12/10/2017 - 06:42 pm
Tag: Press Releases

Major domestic rebar producer, Al-Ittefaq Steel Products Company (ISPC) has obtained certificate from Dubai authorities in order to export rebar to UAE.

According to the company, Dubai Central Lab approved the rebar of ISPC for grades BS 4449:2005 + A3:2016 & ASTM A615:2013 Gr-60 and Gr-75. The approval opens up UAE market for the company, which is already exporting to different countries in North Africa and elsewhere after the Saudi authorities allowed rebar exports.

ISPC is the second largest steel manufacturer in Saudi Arabia, having 3 rolling mills in Dammam and 2 rolling mills in Jeddah with a combined total production capacity of 2.5 mln tons of rebar and wire rod. It has DRI-EAF ...

Read More

Prysmian's New Challenge: The Group W...

by wireworld on 12/05/2017 - 04:51 pm
Tag: Acquisitions

Prysmian Group and General Cable Corporation have announced that they have entered into a definitive merger agreement under which Prysmian will acquire General Cable for $30.00 per share in cash. The transaction values General Cable at approximately $3 billion, including debt and certain other General Cable liabilities, and represents a premium of approximately 81% to the General Cable closing price of $16.55 per share on July 14, 2017, the last day of trading before General Cable announced its review of strategic alternatives.

The transaction, which has been unanimously approved by each company’s Board of Directors and recommended to its shareholders by General Cable’s Board of ...

Read More

Southwire Plans Expansion in Villa Rica

by wireworld on 12/05/2017 - 04:44 pm
Tags: Press Releases, Projects

As the company continues to focus on its efforts to Accelerate Growth, Southwire will be expanding its distribution facilities in the west Georgia area. Adjacent to the company’s existing West Georgia and Retail East Customer Service Centers in Villa Rica, a new 400,000 square foot property is currently under development. 

“Looking long-term, we project that we will reach capacity in our current Villa Rica distribution facilities by 2019 or 2020,” said Kurt Hennelly, Southwire’s executive vice president of sourcing, distribution and manufacturing strategy. “The addition of this new space fits well into the future plans for our logistics network, supports ...

Read More

Leoni Expands Capacities In Mexico

by wireworld on 12/04/2017 - 04:13 am
Tags: Press Releases, Projects

Leoni, the leading European provider of cables and cable systems to the automotive sector and other industries, further expands its capacities in the Americas. Today, the company has officially opened a new, environmentally friendly Mexican wiring systems plant in the city of Merida, which will serve customers headquartered in Asia and the US. Leoni is recruiting about 2,600 people for the new location.

“The new plant in Merida is a clear sign of our dynamic growth in the Americas”, states Martin Stüttem, Member of the Board of Directors of Leoni AG with responsibility for the Wiring Systems Division (WSD). “We are the first foreign investor to build up a produc ...

Read More

Nexans Launches New Tray Cable Range ...

by wireworld on 11/30/2017 - 04:43 pm
Tag: Product Release

Tray cables have developed an excellent reputation for providing robust and reliable power and control connections for static automation applications on assembly lines, bottle filling, packaging machines or machine tools. However, the fast-moving automation sector now often calls for cables that can handle motion in several axes, severe acceleration and braking and a vast number of bending cycles. In most cases a standard tray cable wouldn’t cope. Nexans has responded by carrying out a major research and development program to create the new INTERCOND® Tray Cable range that combines the virtues of a tray cable with the dynamic capabilities of an advanced automation cable suitable f ...

Read More