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Indian Firm Invests $55m In Ethiopian...

by wireworld on 09/26/2012 - 06:03 am
Tags: Press Releases, Projects

Aarti Steel Plc today inaugurated a one billion birr ($55 million) steel producing factory in Oromia Regional State, in a somewhat unusual foreign investment in the little-known Ethiopian steel-manufacturing sector.

 

 

The factory -to be based on 40,000 square metres of land in the Galan area of Oromia state, on the outskirts of capital city Addis Ababa -is the project of Indian-based diversified manufacturing company Aarti Steel Plc; a market-leading steel producer in the Asian country.

 

 

Having secured a business licence from the Ethiopian state in March of this year, the company now stands ready to launch its factory and commence production.  While the c ...

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ABB to Repair Cahora Bassa Power Link...

by wireworld on 09/26/2012 - 05:40 am
Tags: Press Releases, Projects

SWISS electrical engineering multinational ABB yesterday said it had been awarded a $50m contract to repair the Mozambique side of a 1,400km high-voltage direct-current transmission line linking the Cahora Bassa hydro plant on the Zambezi River in Tete to Johannesburg.

 

 

In 2006, Eskom contracted ABB to upgrade its Apollo converter station — the Johannesburg side of the Cahora Bassa transmission line — to raise the station’s capacity from 1,920MW to 2,500MW, and also lay the groundwork for a future upgrade to 3,960MW.

 



Now ABB was modernising Songo, Apollo’s sister station in Mozambique, the engineering firm reported.  The high-voltage d ...

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Siemens Wire Rod Mill Boosts Capacity...

by wireworld on 09/26/2012 - 05:33 am
Tags: Product Release, Projects

Carbon product producer Hanzhong Iron & Steel Group Company, Ltd. will expand its capacity with a new wire rod mill supplied by Siemens VAI Metals Technologies. The plant will be in Ding Jun Shan Town, Mian County in Shaanxi Province, China. When commissioned, the mill will produce 600,000 tons per year. Built in collaboration with CISDI Engineering Co., Ltd., the project is expected to start up in early 2013.

 

 

For the new wire rod mill of Hanzhong Iron & Steel, Siemens will design and supply a Morgan No-Twist mill, Morgan Rod Reducing/Sizing mill, pinch roll and laying head. In addition, Siemens VAI is designing shears, the Morgan Stelmor conveyor and the reform area ...

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Finolex Cables Ltd Plans to Spend Rs ...

by wireworld on 09/25/2012 - 02:12 am
Tags: Press Releases, Projects

Finolex Cables Ltd, the flagship company of the Finolex Group is India's largest and leading manufacturer of electrical and telecommunication cables with a turnover in excess of Rs.16 Billion (about US $320 million).  The company plans to spend Rs 1.8 billion for boosting /rebalancing of capacities for the production of different wire and cable products at its manufacturing units at Roorkee in Uttarakhand and Urse in Maharashtra over the next two years. This will help in adding to the overall revenues of company.

 

 

The company has shifted a major part of production to its Roorkee plant, which avails excise duty and income tax benefits. The increasing north Indian markets ...

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