Wire and Cable Industry News - Wire & Cable India
Wire & Cable India

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News

Leoni Plans Stock Market Listing or Sale of Wire & Cable Solutions Division

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The Germany-based cable and harnessing manufacturing firm is exploring sale or flotation of its wire and cables division as part of a broader review of the company’s group structure. July 10, 2019 Leoni is preparing a separation of its Wire & Cable Solutions (WCS) division through a stock market listing......
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Prysmian Accelerates Integration With General Cable in South America

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New Headquarters and expansion of the Sorocaba facility. Focus on broadband networks, renewable energy and overhead power lines. July 11, 2019 Prysmian Group is accelerating its integration with General Cable in South America and inaugurating the new Sorocaba regional headquarters in the region of Brazil’s São Paolo province. Prysmian is......
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Motherson Sumi Systems Establishes New Manufacturing Unit at RAKEZ

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The company’s operations are expected to officially commence on the 2nd quarter of 2020. September 7, 2019 Ras Al Khaimah Economic Zone (RAKEZ) has added another giant Indian conglomerate to its client portfolio – Motherson Sumi Systems Ltd (MSSL), one of the global leaders in the field of automotive wiring......
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Union Budget 2019 Proposes Hike in Customs Duty on Stainless Steel Items and Alloy Steel

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The Union Budget 2019 also proposes an increased duty on alloy steel and wire of other alloy steel to 7.5 percent. July 6, 2019 The government has proposed to increase customs duty on stainless steel products by 2.5 per cent to 7.5 per cent. The current customs duty on stainless......
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Liberty Steel Buys Arcelormittal Assets in Europe for 740 Million Euros

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July 2, 2019 Sanjeev Gupta-owned Liberty Steel has acquired seven steel plants and five service centers from Lakshmi Niwas Mittal’s ArcelorMittal SA in Europe for EUR 740 million (around INR 5782 crore), according to a company statement. Liberty House has acquired the major integrated steel works at Ostrava in the......
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MFL Group Installs Induction Tempered Wire Preparation Lines at Ramesh Wire Mesh Industries

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The Mario Frigerio brand belongs to the wire & rope machinery division and is considered the market leader in stranding and closing lines for wire ropes. July 9, 2019 Mario Frigerio, the wire & rope machinery division of MFL Group has successfully installed two separate lines for induction tempered wire preparation......
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Bureau of Indian Standards to Propose Indian Standard for Fire Survival Cables

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The move is important in the backdrop of heightened awareness about fire-safety in the light of several deaths in recent accidents. June 1, 2019 The Bureau of Indian Standards (BIS) is expected to propose an Indian standard for fire-survival cables. Most short-circuits and electrical fires are caused because of melting......
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