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Bekaert to Cut More Costs as Profits ...

by wireworld on 08/12/2012 - 05:19 pm
Tag: Press Releases

Belgian steel-wire manufacturer Bekaert said it would make further cost reductions on a global scale after its recurring operating profit in the first half of 2012 fell by around two thirds.



The collapse in earnings comes after the implosion of the solar panel market last year, which saw profitability for sawing wire products wiped out by overcapacity.



The company, which already announced in February that it would cut about 1,800 jobs in Belgium and China, said it was seeking additional annual savings of 100 million euros ($123 million).  It said it would book the restructuring charges for the savings in 2012 and the first half of 2013.



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EU Starts Probe of Automotive Wire-Ha...

by wireworld on 08/11/2012 - 04:24 pm
Tag: Press Releases

The wiring unit of German wire and cable-maker Leoni is cooperating with the European Commission, the company said today. The antitrust investigation, announced by the regulator, is part of a crackdown on price fixing in the auto-parts industry.



The EU agency has previously raided makers of wire harnesses, car safety systems, bearings and thermal systems. The Brussels-based EU antitrust authority can fine companies as much as 10 percent of yearly sales or require them to change the way they do business if it concludes that they harmed competition.



The probe “is part of a wider effort to investigate possible cartels in the automotive sector,” the ...

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Steel Wire and Bar Prices rise in Nor...

by wireworld on 08/11/2012 - 02:54 am
Tags: Market Stats, Press Releases

It is reported that the domestic prices of steel wire and bar increased by EUR 10 to EUR 15 per tonne in Nordic region over the past one month, driven by surged scrap prices.


The transaction prices of deformed steel bar produced in August 2012 are at EUR 510 to EUR 530 per tonne, higher than EUR 500 to EUR 515 per tonne one week earlier.


Also, the transaction prices of steel wire are at EUR 515 to EUR 535 per tonne, higher than EUR 505 to EUR 520 per tonne in July.

The Cable Design Software in a Box By...

by wireworld on 08/10/2012 - 04:59 pm
Tags: Product Release, Wire China

This year Cimteq are exhibiting their flagship product is CableBuilder at Wire China for the first time.  CableBuilder is a Cable Design and Quotation Software application.  It helps your company design wire and cable faster, quote faster, and avoid costly mistakes that lead to scrap and re-work.  Here is a short summery of the application features;• Low cost of ownership• Easy to use and to implement• Fast Cable Design for all types of Cables• Easy to use mass-update tools• Produces 2D, 3D and profile drawings• Version control with version comparison• Work-flow and approval control• Completely customisable configurations• Integrati ...

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