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Theresa Bill Retirement from Pelican ...

by wireworld on 10/05/2012 - 02:45 pm
Tags: Personnel, Press Releases

Theresa Bill, co-founder and long-time Secretary Treasurer at Pelican Wire has recently retired. Along with her husband, Larry, Theresa co-founded Pelican Wire in 1969, which started out of their garage in Illinois. Theresa and Larry saw a need for a custom manufacturer of resistance wire and successfully grew the business to be a leading producer of resistance and thermocouple wire and cable.  They always had a plan in mind to relocate their company to Florida which is why the name Pelican Wire was chosen.  In 1975, they realized their dream and moved the company to Naples, FL, where Pelican Wire remains today.



Theresa’s positive presence and “can do&r ...

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Nippon Steel & Sumitomo Metal Corp. C...

by wireworld on 10/04/2012 - 03:33 pm
Tag: Press Releases

Nippon Steel & Sumitomo Metal Corp. will merge two subsidiaries in Thailand to create the largest Japanese-affiliated bar and wire processing company in Southeast Asia, the company said on Oct. 2.



Steel Processing (Thailand) Co. and Nippon Steel Bar & CH Wire (Thailand) Co. signed a merger agreement on Oct. 1 to be completed in January next year.



The integrated company will be called Nippon Steel & Sumikin Steel Processing (Thailand) Co. and will become a consolidated subsidiary of Nippon Steel & Sumitomo Metal.



The production capacity will be 84,000 tons a year of steel wire for cold heading and cold forging and 18,000 tons ...

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Nova Capital Management acquires Coas...

by wireworld on 10/02/2012 - 02:12 pm
Tags: Acquisitions, Press Releases

Nova Capital Management Ltd ("Nova") the specialist acquirer of corporate and private equity portfolios is pleased to announce that it has completed the acquisition of five industrial businesses in the USA. The acquired businesses comprised all of the operating subsidiaries of Latshaw Enterprises, Inc., a US based industrial group.



Equity financing for the acquisition was provided by a syndicate comprising Nova Capital Management and Caledonia Investments plc ("Caledonia"), an investment company quoted on the London Stock Exchange. GSO Capital Partners (part of the Blackstone Group) and PNC Bank provided the debt financing.



The five acquired businesses have ...

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Ethiopian Wire and Cable Manufacturin...

by wireworld on 10/01/2012 - 02:07 pm
Tag: Press Releases

At the end of September, Addis Ababa — Ethiopia inaugurated a wire and cable production factory and a truck assembling factory executed in cooperation with a Chinese company Poly Technologies in Modjo town about 80 km south west of Addis Ababa, Ethiopia.



The Chinese company has also collaborated with the Metals Engineering Cooperation of Ethiopia for the execution of heavy truck assembly plant in Bishoftu town about 45 km south west of Addis Ababa.



The inaugural ceremony of the projects at the Ethiopian Power Engineering Industry under the Metals Engineering Corporation was attended by senior government officials of Ethiopia including Abadula Gemeda, S ...

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