A shutdown at Keystone Steel & Wire Co. that was scheduled to be three weeks has been extended because of slow business conditions, a company official said Tuesday. The shutdown originally was for maintenance and repairs at the rod and wire mill plant, but slow business conditions will keep the plant closed up to an extra two weeks, said Vic Stirnaman, executive vice president of Keystone. For some, layoffs could extend longer, he said. Some production will resume the week of Dec. 8, but when full production resumes is not yet known, Stirnaman said. “For now, in general, the whole plant is shut down. We have annual shutdowns for repairs, but because of business conditions, we are still shut down. “The repairs are done, but we haven’t come back on line yet because of business conditions,” he said. That means many of Keystone’s 800-plus employees will be laid off several more weeks – perhaps into the new year – said an official with the union that represents Keystone’s hourly workers. “A lot of our guys are probably looking at the first of the year before we get back to full production and start ramping up for spring. That’s our busiest time of year,” said Roy Griffith, secretary-treasurer of the Independent Steel Workers Alliance in Bartonville. Keystone shut down most of the plant three weeks ago for maintenance and repairs, but that wasn’t an unusual occurrence during the fourth quarter, which is typically the company’s slowest time of year, Griffith said.
3M announced today that it completed its acquisition of Grafoplast S.p.A., a manufacturer of wire identification systems for the wire and cable market. Terms of the transaction were not disclosed. Grafoplast’s innovative products—from thermal printers and software to identification systems for special applications, cable holders and insulated end sleeves—serve installers, contractors and automation industries across Italy and Europe. Grafoplast’s range of electrical permanent marking products complements 3M’s existing range of tape marking system products and will help us to better serve the wire and cable markets. Together, 3M and Grafoplast will offer a complete marking system solution for our customers globally.
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P.I.E. Industrial Bhd plans to make solar panel cables next year to diversify further its manufacturing capability and mitigate the impact of the global recession. Group managing director Alvin Mui told StarBiz. it was now applying for the relevant TUV certification from Germany to manufacture the solar panel cables. The certification is expected by mid-2009. “There are new multinational corporations in the country involved in the solar panel business and we look forward to supplying to them”.
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2007 for the data to show a decline in shipments from the automobile sector, which until now had been one of the industrial areas where demand has been fairly robust. Exports also fell year-on-year defying the expectations of industry officials, many of whom had anticipated brisk overseas sales to last at least until March 2009. Only the telecommunications and Japanese copper wire and cable shipments fell 7.9 percent in October from a year earlier to an estimated 71,600 tonnes, with a decline in most sectors including automobiles, industry data showed on Friday. It was the first time since August the electric power industry showed a year-on-year increase in October.
India has a vital role to play in the wire and cable sector, projected to have tremendous potential in the long term, Wire & Cable India Chairman Deepak Chhabria said. Speaking at the conference held at the second International Exhibition ’’Wire & Cable India 2008’’, organized by the Confederation of Indian Industry (CII) here, Mr Chhabria, who is also Managing Director of Finolex Cables Limited said, ’’The growth of this sector is only predictable, as the investments in real estate, infrastructure, power, telecom and other sectors would grow.’’ Mr Chhabria, in his presentation, gave an overview of the key segments in the wire and cable sector, with patterns of growth in house wiring, power and telecom segments.
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Madem Reels USA Inc, located in Chattanooga, TN has successfully completed one year since their first machines arrived in the US for commissioning. Last week with Chattanooga Mayor Ron Littlefield, Hamilton County Mayor Claude Ramsey,other authorities, and business partners, Madem commemorated 1 year of activities with a ribbon cutting ceremony.
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The thermoplastic polyurethanes (TPU) business unit of BASF Corporation has unveiled two new tough, halogen-free, high-heat grades of TPU for wire and cable jacketing applications at the annual 2008 IWCS (International Wire and Cable Show) held in Providence, Rhode Island, USA. Both TPUs exhibit excellent abrasion resistance, toughness, low temperature properties, hydrolytic stability and fungus resistance per standard DIN tests.
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