The Southwire production plant in the Kingman Airport Industrial Park will close by the end of the year, putting dozens of local employees out of work, according to a company spokesman.
Dow Europe GmbH is announcing a price increase of up to U.S. $100 per metric ton for its wire and cable products across India, Middle East and Africa. This increase will be of immediate effect, or as contract terms allow.
Belden has announced that the company is to increase the prices of all its wire and cable products in the EMEA region by 10%. According to Roel Vestjens, General Manager of Belden Wire & Cable Systems EMEA, the increase, which will be effective as of 12 April 2010, is to offset escalating costs, particularly raw materials and energy.
More consolidation is expected in the cable making industry as firms seek to expand further in emerging markets and exploit problems of competitors in the downturn, HSBC analysts wrote in a note on Thursday.
During the 2009 financial year, Leoni fully adjusted its cost structures and staff capacity to the weaker macroeconomic situation and set the stage for a return to earnings-oriented growth. The leading provider of cables and cable systems to the automotive sector and other industries generated consolidated sales of EUR 2.160 billion. The year-on-year decline (2008: EUR 2.912 billion) comes to about one quarter, although there was a steady rise in the course of the year. Earnings before interest and taxes (EBIT) amounted to a loss of EUR 116.3 million (2008: profit of EUR 55.7 million); on an adjusted basis* there was a loss of EUR 35.6 million (2008: profit of EUR 79.3 million). On the bottom line Leoni recorded a net loss of EUR 138.1 million (2008: net income of EUR 5.2 million). The Company intends not to pay out any dividend (previous year: EUR 0.20).
Continue reading Leoni sets the stage for profitable growth
Southern California based Philatron Wire and Cable innovative team of Research and Development is pleased to announce a PV (Photovoltaic) product line that is environmentally beneficial, provides massive performance, and safe.
Thursday, Mar 25, 2010
American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, and LS Cable Ltd. (LS Cable), the third largest power cable manufacturer in the world, today announced that they have expanded their superconductor power cable strategic business alliance. Under the new agreement, LS Cable and AMSC will work collaboratively to deploy more than 50 kilometers (km) (31 miles) of superconductor power cables in commercial power grids over the next five years. The original alliance, established in September 2009, called for the deployment of a minimum of 10 km (6.2 miles) of superconductor power cables during that same period.