New chairman for IWMA elected at 40th Annual General Meeting
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
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ElSewedy of Egypt to Delay Building Cable Factory in Libya
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
Borouge awards US$169 million contract to Hyundai for construction of speciality plastics unit in Abu Dhabi
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
Hindustan Cables Revival Under Consideration
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
CRU 5th Wire and Cable conferenceCRE
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
Finolex Cables to form JV with Corning Inc
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
JSW to buy Ispat to become India’s largest steel producer
Sajjan Jindal-led JSW Steel said it will buy controlling interest in Ispat Industries at an enterprise value of $3 billion to emerge as India’s largest
Ramsarup to restructure Rs1,800 crore debt
Ramsarup Industries, wire and TMT bar manufacturer, is going for corporate debt restructuring (CDR) to attract private equity (PE) investment. The company currently has Rs
RINL aiming at raising capacity
Rashtriya IspatNigam Ltd (RINL) is aiming at raising its capacity to 11 mtpa by 2015 from 3 mtpa now and initiating steps to set up
Leoni starts production in India
Leoni, the leading supplier of cables and cable system to the automotive sector and other industries, has established a wiring systems manufacturing facility near Pune