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Five Bidders Including JSW For Usha M...

by wireworld on 09/21/2018 - 10:21 am
Tags: Acquisitions, Press Releases

Five companies have expressed interest in buying Usha Martin’s steel business, the company has announced.  The five — JSW Steel, Tata Steel, Liberty House, Kalyani and Vedanta — have signed non-disclosure agreements (NDAs) in this regard, while they do their due-diligence.

Once the offers are made, it would be evaluated by an independent committee set up by Usha Martin’s board of directors. Usha Martin’s board approved the sale of the steel business, aimed at reducing debt. Usha Martin was earlier looking to sell its wire and wire ropes business. However, a change in market conditions prompted the company to look at sale of the steel business.

Usha Mart ...

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ASACLEAN™ Manufacturer Sun Plastech, ...

by wireworld on 09/15/2018 - 05:12 pm
Tags: Personnel, Press Releases

Sun Plastech, Inc., manufacturer and distributor of ASACLEAN,™ the world’s #1 bestselling purging compounds, announced that Joseph T. Serell has been named its new President, effective September 1, 2018. Mr. Serell succeeds Glenn Kornfeld, who had served as President since 2004. Kornfeld will assume new responsibilities at Asahi Kasei America.

Serell graduated Magna Cum Laude with a B.A. from Fairleigh Dickinson University before moving to Japan where he graduated Summa Cum Laude from Air College of Language in Niigata, Japan. When Serell joined SPI as National Sales Manager in 2004, he immersed himself in the product and quickly established himself as an expert in the field. Fo ...

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Surplus Equipment at Leading Heating ...

by wireworld on 09/11/2018 - 07:43 am
Tag: Press Releases

Perfection Industrial Sales, in conjunction with Commission Brokers, have announced an online auction due to the availability of surplus cable manufacturing equipment from a leading supplier of heating cable.

Interested buyers may schedule inspections on Monday, September 17 between 8:00AM and 4:00PM CT at the plant site located at 11756 S. Austin in Alsip, Illinois. Bidding is currently open and lots offered in the online auction will begin closing at 11:00AM CT on Tuesday, September 18. Additional information, including a full lot catalog, can be viewed at www.perfectionindustrial.com.

The assets up for auction include a 3.5” Davis Standard extrusion line, Telsonic and Dukane ultr ...

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Madem-Moorecraft Reels USA To Double ...

by wireworld on 09/04/2018 - 03:07 pm
Tag: Press Releases

Madem-Moorecraft Reels USA, located in Tarboro, NC, is pleased to announce plans to install a second automated, nailed wooden reel production line by June 2019.  The $2 million USD investment will double the current production capacity of Tarboro plant.

The expansion of production capacity will allow the company to reach more wire and cable producers within the USA and Canada.  Both current and future production lines will operate 24/7.

Leandro Mazzoccato , President and Global Sales & Marketing Director , said: “We’re fortunate that the Tarboro, NC wooden reels plant will be able to double production after the first year of activities.”

“The addition ...

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STEELASIA Manufacturing Corp. Reports...

by wireworld on 09/04/2018 - 09:23 am
Tags: Press Releases, Projects

STEELASIA Manufacturing Corp. reported its output of steel bars jumped 11% year-on-year to over a million metric tons (MT) in the first half of 2018 from it's six operating plants, citing strong demand from the public and private sectors.

“We are fortunate to be able to ride on the current infrastructure boom. With sustained economic growth, we believe that SteelAsia along with the whole steel industry will also continue to grow and serve more customers,” said SteelAsia Chairman and CEO Benjamin O. Yao in the statement.

In the next five years, SteelAsia will be investing P100 billion to more than double its capacity through more upstream facilities and establish three new integ ...

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Rosendahl Proudly Presents Their New ...

by wireworld on 08/31/2018 - 07:33 am
Tags: Press Releases, Product Release

At this year's Wire Dusseldorf Rosendahl presented their innovative color-recognition sensor system for insulation lines. The DVS SK 400-C impresses with its easy operation and stable production results. Color complaints and faulty productions are now a thing of the past.

This color-recognition sensor system is a novel sensor for additional color monitoring in insulation systems. The main component is the PC-based evaluation unit with 360° camera surveillance. The precise sensor unit of the system consists of 4 cameras and is protected by a protective housing made of high-quality stainless steel. The interior is sealed off from extraneous light. This gives the manufacturer stable and re ...

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Nexans Presents Its HV Cable Solution...

by wireworld on 08/30/2018 - 06:31 am
Tag: Press Releases

As the world’s energy transmission needs continue to increase, a new generation of increasingly high performance and efficient power systems will be critical to keep up with the trend. For almost a century, CIGRE, the world’s leading forum for power systems, has been gathering experts together to share their knowledge and join forces to improve the electric power systems of today and tomorrow. At the 2018 Session of CIGRE, Nexans will showcase its cutting-edge turnkey cabling systems for energy projects and will present the latest findings of the R&D projects in the framework of the event’s Study Committees and Working Groups.

For decades, Nexans has been an ...

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SIKORA at wire China 2018 (W1F62)

by wireworld on 08/30/2018 - 06:14 am
Tags: Press Releases, Wire China

wire China 2018 will take place from September 26 to 29, 2018, in Shanghai and again, SIKORA will present innovative measuring, control, inspection, sorting, and analysis systems from its comprehensive product portfolio. On the exhibition booth visitors can discover the most recent technological innovations for quality control and process optimization for the wire and cable, optical fiber as well as plastics industries.

Worldwide, users of SIKORA devices benefit from an increasing quality, optimized processes and efficiency of the manufacturing process. Modern Laser and X-ray technologies measure precisely and reliably product parameters such as diameter, ovality, wall thickness, and conce ...

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Swan® Products Boosts Rates with Davi...

by wireworld on 08/29/2018 - 07:16 am
Tag: Press Releases

A recent feedscrew replacement has boosted rates by more than 33 percent for Davis-Standard customer Swan® Products, LLC. Swan Products, the leading North American manufacturer of water hoses for consumer and industrial markets, installed four new feedscrews on existing Davis-Standard extruders at one of its plants in Canada. From order to installation, the project took about two and half months, saving the company time and money by providing a cost-efficient means to increase productivity.  

“We were able to replace feedscrews on older machines and improve throughput by over 33 percent,” said Jose Rossi, Director of Manufacturing, North America for Swan Products. ...

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Appalachian Power Plans $60 Million I...

by wireworld on 08/22/2018 - 10:06 am
Tags: Press Releases, Projects

Appalachian Power Company has announced a $60 million modernization project in Jackson and Mason counties.

In a news release, the utility says it will upgrade about 30 miles of aging infrastructure across the region in an effort “to help reduce the likelihood of extended power outages.”

The work is expected to start in the fall of 2019 and take about two years to complete.

“The transmission line rebuild starts in Ripley and travels north for approximately 10 miles towards Ravenswood,” the utility says on its website. “Study segments then head west for about eight miles towards the Jackson County Maritime & Industrial Center. From there, study segments tur ...

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