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September 3rd, 2010
- Wire & Cable India
Vienna, Austria - EDER Engineering-Austria at Wire&Cable INDIA 2010 on Stand E-9 / hall 6
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 EDER Engineering GmbH brings over 60 years of experience and exposure to the global market, in supplying top-of-the-line machines for die processing, e.g. leading standard-, semi-automatic- and fully automatic machines for both the reconditioning and production of ultrahard precision TC -/ ND- and PCD drawing die-tools.
EDER equipment is globally established and proven to deliver the best results and
this will reflect the final product quality.
Indian companies strive increasingly to penetrate newer developed markets and have therefore to also concentrate on superior quality. As for producing high quality wires, they would need equally high quality drawing dies.
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September 3rd, 2010
- Market Stats
Boston Massachusetts - AOC revenue is expected to grow significantly
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| AOC revenue is expected to build significant growth over the next five years, according to a new report on Active Optical Cables from market research firm Information Gatekeepers Inc. The worldwide recession has had a significant impact on new AOC design starts in the last year, reflected in a fairly modest revenue level of $137 million for 2010. New designs starting in late 2009 as well as designs expected through 2010 will create a strong increase in AOC sales in 2011-12, with slightly more modest increases in the subsequent two years covered in this report. Cumulative AOC revenue for the entire five-year period will be in excess of $7 billion, with over $2.4 billion in 2014 alone. Total AOC counts identified in this report should exceed 1.2 million units in 2010, growing to over 48 million units by 2014. Much of this growth comes from heavier participation from USB and HDMI AOC cables, building off a more modest base of higher ASP InfiniBand AOC cables.
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September 3rd, 2010
- Acquisitions
Sao Paulo Brazil - Vale fails to win Paranapanema control in auction
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| Vale, the world's largest iron ore miner, failed to win a controlling stake in junior Brazilian copper refiner Paranapanema after raising its bid for a majority stake in the company several times in a share tender on Wednesday. Vale started the auction with an offer of 6.30 reais per common voting shares and raised it to a final price of 6.75 reais, according to the BM&FBovespa exchange that hosted the auction.
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September 3rd, 2010
- Reports
Warzaw Poland - KGHM plans to raise 2010 forecast by 30 pct-source
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| KGHM, Europe's No. 2 copper producer, plans to raise its 2010 net profit forecast by around 30 percent mainly due to high metal prices, a source close to the company told Reuters on Thursday. Prompted by resurgent copper valuations, the state-controlled miner has already said it would upgrade its forecast this month after posting a record net profit of 1.5 billion zlotys ($483.7 million) in the second quarter.
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September 2nd, 2010
- Press Releases
Rosemont (Chicago), IL, USA - The All-Fastener-Industry Event in the Heart-of-the-Fastener Industry
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 FASTENER TECH™ ’11, the third staging of the unique concept in fastener industry trade shows, is scheduled to take place in Rosemont (Chicago), IL, USA, June 13-15, 2011. The exhibitor registration forms are now available online , and SUR/FIN, the annual conference and trade show organized by the National Association for Surface Finishing, is co-locating its 2011 event with FASTENER TECH ’11 at the Donald E. Stephens Convention Center in Rosemont. Attendees and exhibitors can attend both exhibitions.
Described as “The All-Fastener-Industry Event in the Heart-of-the-Fastener Industry,” FASTENER TECH™ ’11 offers attendees and exhibitors a valuable, cost-effective and easy-to-attend event that provides benefits to fastener manufacturers, distributors, users and suppliers. FASTENER TECH™ is a biennial event. SUR/FIN 2011 is the surface finishing industry’s premier event, and it is a good fit for fastener industry professionals.
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September 2nd, 2010
- Market Stats
London U.K. - Base metals rise on China manufacturing
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| Base metals rose early Wednesday, powered by Chinese manufacturing data. However, focus remains on weakness in the U.S. economic data which could cap the gains for the metals complex. Major economic data for Wednesday include the ISM Manufacturing index for August which is forecast to drop to 52.8 from 55.5 in July, while the August reading for ISM prices paid is estimated at 55.3 from 57.5 in the prior month. Construction spending on a month-on-month basis for July is likely to come in at negative 0.5% after gaining 0.1% in June.
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September 2nd, 2010
- General
Geneva Switzerland - Trade value still up by about 25% in the first half of 2010
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| The value of world merchandise trade rose around 25% in the first six months of 2010 up strongly from the same period of 2009. This surge in trade growth marks a continuation of the trend begun in the first quarter of the year, according to WTO figures released on 1 September 2010.World merchandise exports increased by about 7% in the second quarter of 2010, in comparison with the first quarter (¡°quarter on quarter¡±) Within that period, available monthly statistics for about 70 economies representing about 90% of world trade show that merchandise trade declined in April and May 2010, then rose again in June.
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September 2nd, 2010
- Projects
Mumbai India - Bajaj Electricals bags Rs.408 Cr. transmission line, electrification order
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| Bajaj Electricals Ltd. said it had bagged orders for Rs.408 crore for construction of 312 Kms of 400kV double-circuit transmission lines, village electrification, under Rajiv Gandhi Gramin Vidhyutikaran Yojana or RGGVY and high mast and street lightening segments. With these new orders, the order book of the company as on date crosses Rs..1,150 crore. Bajaj Electricals Limited (BEL), a 72 year old trusted company with a turnover of over Rs. 2252 crores, is a part of the US $ 6 billion (Rs 29,000 crores) "Bajaj Group". Bajaj Electricals Limited has six strategic business units ¨C Engineering and Projects, Appliances, Fans, Luminaires, Lighting and Morphy Richards.
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September 2nd, 2010
- General
Washington D.C. - New law would put teeth into tariff on wire hangers
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| A new federal law would give the U.S. Department of Commerce and the U.S. Customs and Border Protection more tools to crack down on schemes to evade tariffs on wire hangers and other imported steel products. The legislation, called the Enforcing Orders and Reducing Circumvention and Evasion (ENFORCE) Act of 2010, was introduced last month by Senators Ron Wyden (D-OR) and Olympia Snowe (R-ME) and is supported by the Coalition for Enforcement of Antidumping and Countervailing Duty Orders, a group that includes the hanger manufacturer M&B Metal Products along with other U.S. manufacturers of steel products.
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September 2nd, 2010
- Projects
Columbus Ohio - Incentives lure steel business to Columbus and creates 120 jobs
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| An Arizona-based wire-mesh and steel company plans to establish a plant in Columbus that will employ 120, and it received a state tax credit yesterday to aid in the process. International Technical Coatings of Phoenix plans to establish a 667,000-square-foot plant in Columbus to house the company's Eastern steel-wire drawings and manufacturing operations. The location has not been announced. The project is valued at nearly $15million The tax credit, worth about $270,000, would last seven years and require the company to maintain operations at the site for 10 years. According to the Ohio Department of Development, the tax credit helped the company choose Columbus over locations in Indiana, Kentucky, Michigan and Pennsylvania.
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September 1st, 2010
- Product Releases
Fulton, N.Y. - Davis-Standard Promotes Green Initiatives at K 2010
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 Equipment that supports energy efficiency and cost reduction will be the focus of Davis-Standard, LLC during the K Show, October 27 – November 3 in Düsseldorf, Germany. Davis-Standard, Hall 16, booth #A43, will highlight green technologies that offer greater energy savings, reduced scrap and improved processing for both extrusion and converting operations. This includes the display of a 2 1/2-inch (65mm) direct drive extruder, ProCone die mandrel, and control systems for both blown film and extrusion processes.
Davis-Standard will also promote new pelletizer technology that offers significant production and environmental advantages, and will offer shuttle service to the company’s Erkrath facility for winder demonstrations.
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September 1st, 2010
- General
Washington D.C. - Nashville Wire asks for tariffs on Chinese shelving material, alleging unfair trade
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| A group of American steel companies, including Nashville Wire Products Inc., has appealed the U.S. International Trade Commission’s July decision to not place duties on imported decking wire products from China.Nashville Wire was one of five companies that petitioned the ITC in June 2009 to place duties on Chinese decking, often used in warehouse shelving. The companies alleged that Chinese wire decking was being dumped into the American market below fair market value and with subsidies from the Chinese government. In June 2010, the Commerce Department agreed, finding in its final determination that Chinese wire decking was both dumped and subsidized.
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September 1st, 2010
- Market Stats
Brantford Ontario - Steel prices continue to decline in North America during July
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| The transaction value of flat steel products in United States continued its sharp decline during July. This activity took place against the backdrop of increasing raw material prices during the third quarter. Manufacturers were desperate to acquire material before it gets more expensive. On the other hand, they were making concession for their clients who had larger orders. In Canada, domestic manufacturing activity was very low. Capacity cuts were expected in the near-term in order to match the poor domestic demand pit against healthy supply. Several manufacturers shut down their manufacturing facilities for extended period during August. Long product prices turned down during July almost everywhere. Scrap costs tumbled during June. The reduction in cost of input for manufacturers coupled with generally weak building and construction demand led to low setting values
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September 1st, 2010
- Projects
San Francisco California - California transmission line developer eyes Texas
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| Pattern Energy wants to do what T. Boone Pickens couldn’t: Deliver Texas’ overabundance of wind power to less-windy states. The San Francisco-based wind and transmission line developer aims to build a $1 billion, 400-mile transmission line to carry electricity generated by Texas wind turbines to Mississippi where it could be distributed across existing lines to Georgia, Alabama, Tennessee and other states in the South. Texas generates far more wind power than it can use and it’s building a series of power lines to deliver that power from rural areas where it’s produced to substations. Pattern would tap into electric stations near the Texas-Louisiana border. "What it does is allows a new leg to be built that allows some of that power to be flowing into the South where there aren’t as many renewable energy opportunities," said Pattern CEO Mike Garland. Pattern hopes the line will attain permits within two years and estimates it will take three years to build after that. Scott Henry, CEO of SERC Reliability Corp., which enforces standards and regulations of transmission in the territory Pattern wants to connect to Texas, said there is precedent for interconnecting transmission territories, and Congress has made rules and offered incentives to encourage those connections to safeguard the electric grid and allow for more renewable energy development.
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September 1st, 2010
- Projects
Duisburg Germany - ArcelorMittal’s Ruhrort rod mill to start up in 2011/12
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| The new wire rod mill planned by ArcelorMittal at its Duisburg-Ruhrort site in Germany is scheduled to be fully installed by the end of 2011, Steel Business Briefing learns from a company spokesman. SMS Meer was contracted to supply the mill’s equipment over two years ago, but the project was then suspended because of the global economic downturn. ArcelorMittal announced it was reviving the project in February this year. The Ruhrort mill will eventually take over the rolling operations of the company’s partner site in Duisburg-Hochfeld, half a dozen kilometres away. This follows an earlier decision to concentrate all activities at Ruhrort, which currently houses the crude steel and billet production.Test operations at the new mill, which is expected to cost €80m ($101.5m), should begin at the end of 2011, and industrial-scale production should start in spring 2012. Hochfeld, meanwhile, is set to continue operating for an as yet unspecified period. “We have certified the production route at Hochfeld with every customer for every quality of product,” the spokesman explains. Therefore, the partner sites will produce wire rod in parallel until all customers have certified the Ruhrort production route. The company claims the new mill will be the world’s most modern set of equipment for rolling wire rod.
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September 1st, 2010
- Personnel
New York City - Minerals Technologies names Brent Beachy as VP and GM, Minteq Metallurgical Wire Products
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| Minerals Technologies, Inc. announced that Brent Beachy has been named Vice President and General Manager of Minteq Global Metallurgical Wire Products, effective Sept. 1. Metallurgical Wire Products, which is more than a $75 million business within the company's Refractories segment, produces a number of products for the steel industry, including solid-core calcium wire and a number of ferro-alloy wire specialty treatment products that are injected into molten steel to improve castability and reduce impurities in the production of steel. The product line also produces calcium metal for use in the manufacture of batteries and magnets.
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August 31st, 2010
- General
Brantford Ontario - Daily Wire & Cable News Bulletins resumes
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| We hope our readers in the Northern Hemisphere has had a good summer and enjoyed their annual vacation.
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August 31st, 2010
- Projects
Algiers Algeria - Algeria tenders series of electricity transmission contracts
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SteelGuru reports Algeria's La Compagnie de l'Engineering de l'Electricite et du Gaz has invited bids to build a series of electricity transmission projects. The winning bidders will supply, assemble and start up the lines.
The contracts on offer are
1. Extension of the 400 kV Berrouaghia Khemis transmission line from Berrouaghia to Bir Ghbalou
2. Extension of the 400 kV Berrouaghia Khemis transmission line to Hassi Ameur
3. Fix two 30 kilometers lines at Oued El Abtal in the 400 kV Khemis Hassi Ameur line
4. Install a line between Djelfa and Bir Ghbalou and another between Tilghemt and Hassi R'Mel as part of the 400 kV Hassi R'Mel Bir Ghbalou line
5. Install 400 kV line between El Milia and Oued Athmania
6. Install 400 kV line between El Milia and Salah Bey
7. Install 400 kV line between Jijel and El Milia 1 and 2
Bids are to be submitted in two phases. Technical offers will be presented first with a deadline of September 27th 2010. Those that pass the first phase will be asked to submit commercial offers. Each project is to be completed within 18 months from the award date.
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August 31st, 2010
- General
Brantford Ontario - Why are people using search engines less than they were a year ago?
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| Nielsen released its version of the U.S. search market rankings for July this week. Google is of course on top with 3 out of 5 searches (64.2%). Yahoo came in second with 14.3%, leaving Microsoft in third at 13.6%. Most interesting to note is that the total number of searches in the U.S. over the last year has gone down by 16% from 10.5 billion to 8.8 billion. This is a very interesting stat. I wonder how much of this has to do with increased use of smartphones and mobile apps, taking the place of traditional searches. There are some other good points in the comments. Of course searches will be less. People have found what they are looking for, and the novelty days are over. There are also many more sites out there with specialized information, where your search can go much deeper. www.wireworld.com as you know is one. Have your company got a link. from wireworld.com
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August 31st, 2010
- Projects
Mumbai India - Shilpi Cable plans over Rs 50-cr IPO to finance expansion
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| Radio frequency (RF) cables manufacturer, Shilpi Cable Technologies, is eyeing an IPO of over Rs 50-crore by end-2010 and plans to file its draft red herring prospectus (DRHP) with Sebi this week, a top company official said. "We plan to launch our IPO of around Rs 56-crore by end-this year. We will be filing our DRHP with Sebi for the same this week," Shilpi Cable's Director, Manish Goel, told PTI here. The Delhi-based company will use the IPO proceeds to set-up a wire and cable assembly shop, expand its product portfolio and manufacture cables for 3G networks, Goel said. The company will also manufacture low voltage power cables and cable accessories, he said.
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August 31st, 2010
- Projects
Muscat Oman - Sur transmission line work to start soon
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| Oman Electricity Transmission Company (OETC) has started initial work for setting up a transmission line linked to the development of the first phase of a large independent power project (IPP) in Sur. OETC chairman Saif bin Abdullah al Sumri, told Times of Oman, on the sidelines of a function to sign several agreements to expand transmission and distribution networks with a total capital expenditure of RO42.9 million. This is against an earlier proposal to set up an IPP with 1,500 MW capacity. "We are currently doing the front end design (of transmission lines) for the first phase. Immediately, we will do the design work for the second phase, which is 1500MW. The first phase will come on stream within three to four years," Surmi said, adding; "Transmission lines should be in place three to four months ahead of power projects."
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August 31st, 2010
- General
Nairobi Kenya - Cable maker bets on new products to turn around dwindling fortunes
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| East African Cables is betting on aggressive marketing of new products to turn around its fortunes. The firm, which has concentrated on making electricity conductor cables, has expanded its product offering by venturing in importation and distribution of telecommunication and IT networking cables from Korea. The move into data cables is aimed at deflecting competition from cheap copper and aluminum cables imported from China.
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August 28th, 2010
- Press Releases
Ede, The Netherlands - Gupta Power Infrastructure Limited, India improves Customer Interaction and Product Data Management with CableBuilder©
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 InnoVites B.V. announces that Gupta Power Infrastructure Limited (GPIL), India has selected CableBuilder© to innovate their Product Data Management, while improving the quality and responsiveness of customer interaction in quotation operations.
This investment will significantly reduce the costs of product data management at GPIL. GPIL, a US$170 million company, is an established name in the manufacturing of Conductors and Cables in India. An ISO 9001:2008 and ISO 14001:2004 certified company, GPIL has successfully grown the business over the last five decades, through its stringent quality control, customer satisfaction and diversified product mix.
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August 28th, 2010
- Reports
Copenhagen Denmark - NKT Interim Report 2nd Quarter 2010
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| NKT said in its comments to the group interim report for the 2nd Quarter 2010 that NKT Cables realized an increase in organic growth of 1% in 2nd quarter 2010 compared with 2nd quarter 2009 (1st half 2010: 2%). The high voltage/submarine cable segment and the medium voltage segment grew by 16% and 14% respectively, while negative growth of 1% was realized for the low voltage segment. Developments for other segments were as expected. The quarter was influenced by unsatisfactory productivity development in Cologne which impact negatively on both growth and earnings for the period. EBITDA margin (LTM) was 7.4%, corresponding to quarterly earnings of 81 mDKK (1st half 2010: 141 mDKK).
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August 28th, 2010
- Market Stats
Taipei Taiwan - CSC cuts its wire rod prices by TWD 2000 a tonne
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| Taiwan's China Steel Corporation cuts its al killed steel wire rod prices by TWD 2,000 per tonne to TWD 23,000 per tonne. However, current wire rod prices are volatile in the market. Normally, the process fee for wire drawing is about TWD 3,500 per tonne, and the reasonable finish wire price should be TWD 26,500 per tonne. However, the deal price in the market is only TWD 26,000 to TWD 28,000 per tonne. The gap from highest to lowest price level is about TWD 2,000 per tonne and this is very rare to happen.
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August 28th, 2010
- Projects
Tiflis, Georgia - Black Sea HVDC interconnection work awarded to Siemens
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| Germany¡¯s Siemens Energy has won an order to install two turnkey HVDC (high-voltage direct current) back-to-back links in Georgia to connect the Georgian power supply network with the grid system in Turkey. As part of the Black Sea Transmission Network Project, one of the most significant infrastructure projects in Georgia, the two HVDC back-to-back links are each to transmit 350 MW of controlled electric power generated in various hydropower plants in Georgia to Turkey. The customer is Energotrans, based in Tiflis, Georgia and the order is worth approximately EUR170m ($215m). In addition to the HVDC back-to-back links the scope of supply will also include system control equipment, converter transformers, switchgear (500/400/220 kV), thyristor valves and AC filters. The first HVDC back-to-back-link will come on line in late May 2012, with the overall project scheduled for completion in May 2013.
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August 28th, 2010
- Market Stats
Brantford Ontario - Price volatility in global steel wire rod market.
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| Weak price acceptance in US wire rod market doesn¡¯t bode well for future increases Although demand activity for domestic wire rod has been steadier than other long products, buyers have not fully accepted recent mill price increases. Meps reports that in the Russian Federation, domestic metallurgical plants have continued to operate at reduced capacity. Shipments to the construction and heavy manufacturing sectors have remained sluggish. However, recent sales volumes to the automotive and gas industries have been encouraging. Earlier this year, light vehicle manufacturers and gas pipe fabricators received financial support from the government. Trader procurement rates of flat products have remained stronger than long products, as the construction season comes to an end. Faced with the prospect of losses in September, distributors have begun to adopt pricing positions to lower inventory levels.
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August 28th, 2010
- General
Dundee Scotland - Rautomead casting technologies to present CuMg rod processing at WireChina
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At Wire China 2010, Rautomead will be presenting its full range of continuous casting technologies for processing copper and copper alloys into high-quality rods of 8-30mm diameter. A particular focus of Rautomead's attendance at Wire China will be on continuous casting technology for copper magnesium (CuMg) wire rod production. Large-diameter (30mm) continuous cast CuMg rod is required for the manufacture of catenary (trolley) wire for high-speed trains. The Rautomead RS 3000 graphite furnace technology is able to ensure the consistent quality of large-diameter continuous cast CuMg rod. A number of RS 3000 model casting machines have now been installed in China for the production of CuMg wire rod for processing to contact wire for the construction of high-speed rail lines throughout the country.
At Wire China 2010 Rautomead will be presenting its full range of continuous casting technologies for processing copper and copper alloys into high-quality rods
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