Sterlite and Tongguang joint venture in China starts production of optical fiber

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 18, 2013 Jiangsu Sterlite Tongguang Fiber Co. Ltd. (JSTFCL), the joint venture (JV) company formed between Sterlite Technologies Limited (Sterlite) and Jiangsu Tongguang Communication Co Ltd (TGCI), announced the commencement of production of optical fiber at their new facility located in Haimen, Jiangsu Province, China. The greenfield factory has......

Bekaert releases FY 2012 results, records consolidated sales of 3.5 billion

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 28, 2013 Overcapacity in most markets and an overall slowdown in global demand led to fierce competition and persistent price and margin pressure in 2012. The sawing wire business collapsed even further in 2012 and the measures taken to rightsize the respective activities with the new business reality substantially......

Lapp inaugurates production plant in China

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

January 18, 2013 Production capacities in Chinese industry continue to increase rapidly, and after a brief period of weakness, growth has now picked up again significantly in the country. This means that the demand for high quality components and system solutions for industry also continues to rise. In response to......

Investments at Metalube

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 25, 2013 As part of its ambitious expansion plan and commitment to quality and service, leading wire and tube drawing lubricant specialist, Metalube, has acquired almost £60,000 worth of new laboratory equipment. With a £40,000 investment, the Mettler TGA/DSC is a laboratory highlight. This cutting edge instrument carries out......

Nexans releases FY 2012 results, records euro 7.2 billion sales

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 7, 2013 The Nexans Board of Directors meeting on February 6, 2013 approved the Financial Statements for 2012. Net sales for 2012 totaled 7.178 billion euros compared with 6.920 billion euros in 2011. At constant non-ferrous metal prices1, the figure is 4.872 billion euros compared with 4.594 billion euros......

Lapp Group shows moderate growth

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 26, 2013 Characterised by the varying developments in global markets and the uncertainties in the Eurozone, the Stuttgart-based Lapp Group recorded moderate growth in the financial year 2011/2012 (1 October to 30 September). The leading provider of integrated solutions and branded products for cable and connection technology increased revenue......

Leoni releases FY 2012 results, records euro 3.8 billion sales

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 13, 2013 Leoni generated revenues of approx. EUR 3.8 billion in 2012 and thus exceeded the previous high of EUR 3.7 billion, posted in 2011, by about three percent. The cable specialist managed a spot landing in terms of earnings before interest and taxes (EBIT) with a figure of......

Prysmian releases FY 2012 results, records euro 7.8 billion sales

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 28, 2013 Prysmian S.p.A. disclosed the company’s consolidated financial statements and separate financial statements for 2012. “In a difficult market, particularly in Europe, Prysmian has achieved a positive performance in operating earnings mostly in its high value-added businesses. This result, combined with synergies from the integration with Draka achieved......

William J Murray becomes President of Teknor Apex Company

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

January 28, 2013 Teknor Apex has appointed William J. Murray as its new president. He succeeds Jonathan D. Fain, who remains CEO and becomes chairman of the board. William Murray will be responsible for the company’s worldwide compounding businesses. Teknor Apex operates twelve manufacturing facilities in the U.S., Europe, and......

PGCIL plans to acquire wire business license in CESU area

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 15, 2013 Power Grid Corporation of India Ltd (PGCIL) has put up a proposal to acquire wire business license within the jurisdiction area of Central Electricity Supply Utility, a power distribution company (discom) in Odisha. As per the proposal, PGCIL will invest in setting up new infrastructure within CESU......