Fushi Copperweld Inc. (the “Company”) (Nasdaq: FSIN), the leading global manufacturer and innovator of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other electrical applications, today announced that it has completed the expansion of its Dalian facility to produce an additional 8,200 metric tons of production capacity per year for its patented Copperweld(R) copper-clad steel (CCS) wire. The expanded production marks the completion of the final stage of a three-phase capacity relocation project from its Fayetteville, TN facility, resulting in a total of 20,200 additional metric tons of annualized copper-clad aluminum (CCA) and CCS capacity coming online to its Dalian facility.
The market for high-quality compounds for the wire and cable industry has received a boost with a new JV between DYM of Korea and Emirates Conversion Industries LLC (Senaat) of Abu Dhabi.
Tyco International Ltd. (NYSE: TYC) has announced that it plans to pursue a tax-free spin-off of its Electrical & Metal Products business. Tyco expects to file documents with the U.S. Securities & Exchange Commission (SEC) over the next few months and to complete the proposed transaction in the first half of fiscal 2011. Following the transaction, the business would be an independent, publicly traded U.S. company.
nkt cables is now setting a serious footprint on the Australian cable market by acquiring the company “Aussa Power Products Ltd” of Brisbane, Queensland, Australia.
Nexans, the worldwide leader in the cable industry, has been awarded a 90 million euros turnkey contract by DEWA (Dubai Electricity and Water Authority) to construct Dubai’s first Extra High Voltage (EHV) underground cable system operating at 400 kV. The project will play a key role in DEWA’s plans to upgrade its power transmission infrastructure to meet the constantly increasing demand for electrical power created by the rapid expansion of Dubai Emirate.
Larsen & Toubro Ltd (L&T), India’s largest technology, engineering, construction and manufacturing company, is to soon realign its electrical and electronics business division (EBG) with its wholly-owned subsidiary in power equipment manufacturing, L&T Power.
JDR Cable Systems Ltd. has been included in the list of companies to be granted a prestigious Queen’s Award for Enterprise 2010. This special award is in recognition of the company’s success in International Trade for the period from April 2006 to March 2009. The award was recommended by the Prime Minister and approved by Her Majesty the Queen.