Fujikura to open cable production plant in Brazil

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

Japanese cabling group Fujikura plans to invest around USD 12 million to open a factory in the Brazilian state of Rio Grande do Sul, local newspaper Jornal do Comercio reports, citing the company’s president, Kazuhiko Ohashi. The facility will focus on production of special cables for power transmission and telecommunications.......

Wire & Cable News

Gerdau to invest more than USD 1 billion in Rio mill expansion in Brazil

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

Reuters reported that Brazil’s largest maker of long steel products Gerdau will invest BRL 2.5 billion on expanding a wire rod and rolling mill in Rio de Janeiro state, which will see some of the country’s most ambitious infrastructure projects in coming years. The project will more than double capacity......

Wire & Cable News

Hungarian steel wire maker acquired by Czech Company

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

Hungary’s D and D Drotaru has been acquired by Czech Trinecke Zelezarny, making it the biggest maker of steel wire and reinforcement bars in Central and Eastern Europe. The key product portfolio of the D & D Drotaru, employing 150 people and sitting in Miskolc, is cold drawn wire, stabilized......

Wire & Cable News

Emirates Steel increase market share in 2010

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

According to figures released by the company, rebar production increased by 7.5% in 2010 compared to 2009, while the output of wire rod went up by a significant 64.5%. Billet production increased by 150% in 2010 compared to the last three quarters of 2009, while the production of direct reduced......

Wire & Cable News

New chairman for IWMA elected at 40th Annual General Meeting

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

After three years as IWMA chairman Stephen Wood’s tenure of office ended on 2 February when he was succeeded by vice chairman Colin Dawson of Whi teleg g Machiner y Ltd. Executive board member Steve Rika was elected as the new vice chairman and Terry Robinson reelected honorary treasurer. Fulsome......

Wire & Cable News

ElSewedy of Egypt to Delay Building Cable Factory in Libya

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

ElSewedy Electric will delay investing $65 million to build a plant in Libya after unrest in the North African country. The company is said to be at very preliminary stages with minor investments made and they were in the process of getting a piece of land for the project. The......

Wire & Cable News

Borouge awards US$169 million contract to Hyundai for construction of speciality plastics unit in Abu Dhabi

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

Borouge has awarded a contract worth US$169 million to Hyundai Engineering and Construction of South Korea to build a cross-linkable polyethylene (XLPE) unit at its petrochemical plant in Ruwais, Abu Dhabi. With an annual capacity of 80,000 tonnes, the unit is an added value complement to the low density polyethylene......

Wire & Cable News

Hindustan Cables Revival Under Consideration

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

The Heavy Industry Ministry said that it has written to the steel ministry for considering sick state owned Hindustan Cables revival through Steel Authority of India. Mr A Sai Prathap minister of state for heavy industries informed the Rajya Sabha that “The Department of Heavy Industry has written to the......

Wire & Cable News

CRU 5th Wire and Cable conferenceCRE

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

CRU’s 5th Wire and Cable conference, incorporating the 32nd KMI Fibreoptics conference, will take place from 15-17 May, in Amsterdam, The Netherlands. Leading figures from the global wire and cable industries will be providing their insights, including Frank Dorjee, CEO & Chairman of the Board, Draka Holding NV, Noval Jamalullail,......

Wire & Cable News

Finolex Cables to form JV with Corning Inc

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

Finolex Cables Ltd and Corning Incorporated have executed an agreement to establish a 50/50 equity venture to market select telecommunication products in India. The venture is expected to be incorporated this year....