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Search results in tag Closures

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Perfection Industrial Sales and Cottr...

by wireworld on 09/16/2017 - 08:23 pm
Tags: Closures, Press Releases

Cottrill & Co will host a public online auction comprised of 600 lots of wire, cable and extrusion equipment due to the plant closure of Mantovani & Serazzi, SpA in Druento, Italy.

September 12, 2017; Perfection Industrial Sales, a unit of Perfection Global, LLC, and Cottrill & Co., a leading European industrial auctioneer based in Birmingham, England, will conduct an online auction due to the closure of an Italian wire and cable manufacturing plant, located just outside Turin, Italy.

Interested buyers may schedule inspections on Tuesday, 26 September at the former Mantovani & Serazzi plant, located at Via Niccolò Paganini, 12, 10040 Druento, TO, Italy. Items offered ...

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General Cable to Close its New Zealan...

by wireworld on 11/10/2016 - 09:05 am
Tag: Closures

Up to 170 New Zealand employees may lose their jobs as an international cable supplier faces closure. General Cable told staff that it planned to close its New Zealand manufacturing and support operations.  The company has 160 staff in Christchurch and 10 in Auckland.  All would be made redundant if the proposal went ahead.

The company provides industrial power and phone cables in Australia and New Zealand. Its factory in Sockburn, Christchurch, has been operating since the 1950s, employing 350 staff in 2010. Demand had slumped since then, with a succession of redundancies in recent years.  Despite cutting costs, the New Zealand arm was no longer via ...

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Nexans to Close its Cable Factory Ded...

by wireworld on 04/01/2016 - 01:48 am
Tag: Closures

Nexans has announced that its US Subsidiary based in Elm City, North Carolina has decided to close its cable factory  focused on the production of defense wires and cables. The decision has been taken in response to both a lack of profitability for the factory combined with the generally unfavourable mid to long term prospects for the defense cable market in the region.

Employees at the Elm City factory have been notified of the closure and production will cease on June 30 2016.

The Nexans Group will continue to service the aerospace and defense cable markets, from the Group’s existing factories in other locations.

Sale of Heavy Duty Copper Mag Wire an...

by wireworld on 04/01/2016 - 01:41 am
Tags: Closures, Press Releases

Myron Bowling Auctioneers will conduct an industrial auction of heavy duty copper mag wire and flat box wire equipment, for Kentucky Copper, a manufacturer of continuously transposed conductors, enameled wire and paper insulated copper conductors for power transformer, energy transmission and distribution applications, due to the plant closing.

This industrial auction is scheduled on Thursday, April 24th at 10AM at 70 Industrial Drive North in Morgantown, Kentucky 42261. The auction features immaculate, laboratory condition equipment including (2) 2010 Lunar continuously transposed cable systems, Lunar 12-head/3-conductor horizontal paper wrapper, (3) Lunar 12-head and 8-head/single conduct ...

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Bright Steel Bar and Wire Manufacture...

by wireworld on 10/29/2015 - 10:52 pm
Tags: Closures, Press Releases

Bright Steel Bar and Wire Manufacturer:

- Size Range: 3.0 to 35mm rounds; 3.0 to 80mm bar- 1 Condition: Drawn, Peeled, Normalised, Annealed, Stress Relieved and Hardened. Surface/Internal Defect Tested to Cropped, Sawn, Chamfered or Faced Square- 1 High Level Accreditation:   ISO TP16949 (Automotive) / AS EN 9100 (Aircraft) / ISO9001- 1 Freehold Property – 21,000m2 on a site of 8 Hectares, South Yorkshire, England, United Kingdom


1 SCHUMAG 3B and Ripo 1B Combined Drawing Machines

1 CALOW BIELEFELD S1 Peeling Machine


BRUK (x9); Straighteners by LEWIS (x8); Chamfering (x4);

CINCINNATI Centreless Grinders (x5); ...

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ArcelorMittal Could idle Brazil's Mon...

by wireworld on 07/17/2015 - 08:30 pm
Tags: Closures, Press Releases

ArcelorMittal SA will probably idle the long steel mills it recently installed in its João Monlevade plant in Brazil, a senior company executive reported.

Jefferson de Paula, ArcelorMittal's South American head of long steel, said at an industry event that there is excess capacity in the sector and stagnating demand.

Long steel products include rebars, wire rod, rails and drawn wire.

De Paula's comments echo those of Benjamin Baptista, the company's chief executive in Brazil, who warned on Monday that the outlook for demand in Brazil's domestic steel market remains gloomy.

Automotive Cable Manufacturing Plant ...

by wireworld on 09/11/2014 - 07:18 pm
Tags: Closures, Press Releases

The complete Automotive Cable Manufacturing Plant of J. HORTS AUTOMOTIVE is up for Online Auction with bidding commencing Thursday, September 18 and continuing until Tuesday, September 23, 2014, 3 pm CEST.

J. HORTS AUTOMOTIVE was a Barcelona, Spain company that manufactured zinc plates and stainless steel micro cables, transmissions, remote controls, cable sheaths and other accessories for the Automotive industry.  As well, interior cables could be used for seating, door and solar applications.  Founded in 1953 under sole proprietorship, J. HORTS AUTOMOTIVE grew to be a global company with production plants in Asia and Europe, serving clients from North and South America, across E ...

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General Cable Closure Calls for Aucti...

by wireworld on 08/15/2014 - 11:01 pm
Tags: Closures, Press Releases

La Malbaie, Quebec, Canada & Roseburg, Oregon, USA -- Perfection Industrial Sales, in conjunction with Commission Brokers Inc, a wire and cable equipment specialist, is conducting two Live Webcast Auctions of machinery and equipment for two General Cable locations in La Malbaie, Quebec & Roseburg, Oregon. The auctions will be held on August 19, 2014 at 10:00 a.m. ET, and August 26, 2014 at 9:00 a.m. PT, respectively. For those who cannot attend the sale in person and wish to bid online, Live Webcast bidding will be available on BidSpotter.com.

General Cable, a premier International Wire & Cable Manufacturer, has discontinued product manufacturing and distribution at its La Malba ...

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Wire Machine Dealer and Industrial Au...

by wireworld on 04/28/2013 - 02:09 am
Tags: Closures, Press Releases

World-wide industrial auctioneers, Maynards Europe GmbH, and one of the biggest global dealers of new and used machines for the wire, cable and rolling industries, Bongard Trading GmbH & Co. KG, are combining their expertise in a joint project to sell the production equipment and mobile assets of Hyosung Wire Luxembourg S.A., formerly GoodYear/Dunlop, online.  


“Our competencies and goals complement each other very well in this project,“ states Daniel Kröger, Managing Director of Maynards Europe.  “We share the ambition to combine professional know-how and operating experience of many years with innovative ideas,“ adds Thomas Bongard, CEO o ...

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Judge Approves Sale of RG Steel Yorks...

by wireworld on 08/16/2012 - 05:47 pm
Tags: Closures, Press Releases

A federal bankruptcy judge in Delaware has approved the sale of RG Steel's assets at its Yorkville, Ohio, facility to Esmark Steel Group.



Esmark bid $4.75 million for the Yorkville assets last month, agreeing to offer jobs to at least 230 employees at the site. Esmark offered an additional $400,000 for mineral interests related to the Yorkville sale.



The judge approved the sale at a hearing Wednesday, Aug 15th 2012.   RG Steel also is seeking court approval of the sale of facilities in Sparrows Point, Md., and Warren, Ohio.



Hilco Industrial, a company that specializes in industrial liquidations, submitted a top bid of $72 million ...

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