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General Cable Acquires Brazilian Manu...

by wireworld on 04/16/2012 - 03:49 pm
Tag: Acquisitions

General Cable Corp. acquired Delphia Produtos Eletricos Ltda., a Brazilian automotive parts manufacturer. Terms of the deal were not disclosed.

 

 

Delphia, a manufacturer of automotive ignition wire harnesses sold into the Brazilian market, reported revenues of about $20 million in 2011. General Cable had net sales of $5.9 billion in 2011"

 

 

“Over the past several years, through our expansion strategy and continuous improvement culture we have enhanced our service capabilities in a wide range of transportation and industrial applications for original equipment manufacturers, suppliers and distributors,” General Cable CEO Gregory Kenny said in a news r ...

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Romanian Alro Plans New Aluminum Mill...

by wireworld on 04/10/2012 - 04:47 pm
Tag: Projects

Romanian aluminum producer Alro, owned by Vimetco, plans to add a new mill to increase capacity for aluminum wire production in response to higher demand on the US market. Even so, Alro expects a drop in the total aluminum production in 2012, due to a shortage in energy supply, and foresees lower operational revenues, down 11 percent, to some USD 639 million. Its profit expectations are also lower – down 5 percent on 2011, to some USD 71.4 million.

 



Alro’s wire production should be up 17.8 percent, to some 87,000 tonnes this year. “Estimations for 2012 are based on the entry into production of a Properzi mill to increase wire production, given the higher demand f ...

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Yemeni Tender for 305km Transmission-...

by wireworld on 04/10/2012 - 05:22 pm
Tag: Projects

The Public Electricity Corporation (PEC) of Yemen is calling for international contractors to bid for a major transmission-line project.

 



Tender No. 47/2010 stipulates a 132kV, 305km-long transmission line from Dhamar to Aden. The project has received financing from the Abu Dhabi Development Fund. The 27-month contract comprises design, manufacture, supply, installation, testing and commissioning.

 

 

The individual sections for the 132kV double-circuit overhead line are:  Dhamar to Suhban, 87km - Suhban to Haoban, 53km Haoban to Al Arish, 143km - Al Arish, 7km Mansoura, 8km.

 

 

The project includes the connection of line sections and points with n ...

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Cascade Steel Increases Sales and Ove...

by wireworld on 04/08/2012 - 04:54 pm
Tag: Press Releases

Schnitzer Steel's steelmaking segment, Cascade Steel, saw its fiscal second quarter revenues climb 21% higher year-over-year, despite continued lackluster demand for rebar and wire rod on the US West Coast.

 

 

Schnitzer Steel CEO Tamara Lundgren said Thursday during the company's earnings call that the short-term extension of the federal highway bill suggests demand isn't expected to pick up anytime soon. ”(W)e're not seeing any change in demand, assales prices and utilization remain flat,”  she said.

 

 

In fiscal Q2 ended February 29, Cascade Steel reported revenues of $84.5 million, compared with $70 million in fiscal 2011'sQ2. Quarterly shipmen ...

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