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September 8th - Wire & Cable India
Vienna, Austria - Austrian AWCMA Exhibitors at Wire & Cable India 2010 - Mumbai, India, Nov 18-20, 2010 |
India is an exciting and promising market. As Indian companies strive to penetrate newer developed markets, they would need also to concentrate on superior quality and for producing high quality wires and cables, they will need equally high quality
production equipment and technologies. Our aim in first line is to develop long term relationship with customers who value premium products.
This is where we will come in and a large group of 10 association member companies will offer top-of-the-line machines and present themselves in the Austrian Pavilion, jointly organised by the Austrian Federal Economic Chamber and the association´s president, Dr. Eder, in Hall 6 of the Bombay Exhibition Centre. |
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September 8th - Projects
El Monte California - Work starts on biggest electrical transmission line project in Southern California history |
The biggest transmission line project in the history of Southern California Edison is finally making its way out of the desert and into civilization. The $3.5 billion effort will transport wind energy from the Tehachapi area of Kern County into Southern California Edison's power grid, which serves 14 million people in the Southland. "It's our flagship project," said Les Starck, an Edison vice president of local public affairs. "It's our crown jewel." The line would be capable of carrying 4,500 megawatts, enough to power 3 million homes at once. Along with helping Edison reach a state-mandated goal that at least 20 percent of its energy be from renewable sources by 2017, the 250 miles of transmission line will increase reliability on the power grid, officials said. So far, Edison and contractors have completed three segments that bring energy purchased from independently owned wind farms near the Tehachapi Mountains to the high desert of Los Angeles County. Starting this year, the utility will start work on 200-foot towers to bring power lines over the San Gabriel Mountains and into populated areas. Once they emerge from the Angeles National Forest, the lines will eventually move through Edison rights of way in riverbeds and hills to feed into substations in La Ca ada Flintridge, Pasadena, Monterey Park, Irwindale and Chino. On the new towers will sit a 500 kilovolt line, which will replace 66-kilovolt and 220-kilovolt wires. Most of the major work will start in 2011 and 2012, and Edison hopes to finish everything by 2015. At its peak, the project will put 1,000 people to work.
Southern California Edison workers prepare to install light duty steel poles to replace old power line towers along the San Gabriel River south of Ramona Boulevard in El Monte |
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September 8th - Personnel
Highland Heights Kentucky - General Cable announces Board of Directors appointments |
| General Cable Corporation announced Tuesday that its Board of Directors appointed Mr. Charles “Chip” G. McClure, Jr. and Mr. Patrick M. Prevost to serve as independent directors of the Company until they stand for election at the next annual meeting of stockholders in 2011. Mr. McClure and Mr. Prevost will both serve on the Board’s Audit, Compensation and Corporate Governance committees. The addition of Mr. McClure and Mr. Prevost expands the Company’s Board to seven members. Mr. McClure is the Chairman of the Board, Chief Executive Officer and President of ArvinMeritor, Inc., and has held this position since August 2004. Prior to joining ArvinMeritor, Mr. McClure held a series of senior management positions and served on the board of directors at Federal−Mogul Corporation, a publicly traded global automotive supplier, from January 2001 until July 2004, most recently as Chief Executive Officer. Mr. Prevost is President, Chief Executive Officer and a member of the Board of Directors of Cabot Corporation, and has held these position since January 2008. Prior to joining Cabot, Mr. Prevost served as President, Performance Chemicals at BASF AG, a publicly traded international chemical company, from October 2005 to December 2007. Prior to that, he was responsible for BASF Corporation’s Chemicals and Plastics business in North America. |
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September 8th - Projects
Paris France, - Nexans ENERGYFLEX ® cables provide the vital connections for Italy’s largest solar photovoltaic project |
| Nexans, the worldwide leader in the cable industry, has completed a major contract for Schneider Electric to supply ENERGYFLEX ® PV cables from its new KEYLIOSTM range for use in the construction of a 43 MW solar photovoltaic (PV) facility in the Puglia region of Italy.The Cellino San Marco (CSM) project, comprising 580,000 panels, is the largest solar PV project in Italy to reach financial close. Nexans has supplied over 1,000 km of ENERGYFLEX ® cables to provide durable, high performance in-field connections between the PV panels and the inverters that will transform the solar energy into usable AC electricity.ENERGYFLEX ® cables are part of Nexans’ comprehensive new KEYLIOSTM range of cables, solutions and services for PV installations. “We have developed the ENERGYFLEX ® concept to meet the growing demand from customers for PV cables that offer exceptional reliability, durability and highperformance, and this major contract for the CSM project is an important breakthrough within this specialized market”, says Rémy Le Fur, Nexans Marketing Manager for renewable energies. “In addition to the technical capability of our cables, the key factor that persuaded Schneider Electric to place this contract with Nexans was our ability to provide a fast response to meet a tight delivery schedule.” |
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September 8th - General
Pune India - Sterlite Technologies wins EEPC and V&D100 Awards 2010 |
| Sterlite Technologies Limited ("Sterlite") [BSE: 532374, NSE:STRTECH], a leading global provider of transmission solutions for the power and telecom industries, announced that it has recently won the EEPC Star Performer Silver Shield, in addition to the V&D 100 Award 2010 for the 'Top Telecom Cables Company in India'. Sterlite Technologies was awarded the regional Star Performer Silver Shield in the large enterprises category, by EEPC (Engineering Export Promotion Council, India). Sterlite received this award in recognition of its outstanding contribution to power conductor exports during the year 2007-08. Sterlite has made substantial inroads in developing its global client footprint and market share for power conductors in Africa, Middle East and Europe. |
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September 8th - Market Stats
Rome Italy - Acerinox sees stainless steel demand recovery in Q4 |
| Currently sluggish global demand for stainless steel is expected to recover in the last quarter of 2010, the chief executive of Acerinox , the world's largest stainless steel maker, said on Tuesday.
Demand has been depressed in the third quarter by concerns about the weak economy in Greece and other European countries as well as by summer holidays, Bernardo Velazquez said on the sidelines of Metal Bulletin's international conference on stainless steel.
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September 8th - General
Shanghai China - Asian steelmakers shares surge as China’s government orders steel output cut. |
| Asian steelmaker shares soared as China intensified a curb on mill output, though analysts warn more work is needed to trim oversupply in the world's top producer. The latest production cuts are focused on China's steelmaking hub of Hebei province where about 30 mills were ordered to cut output by up to 70 percent from September while another 18 were told to close down for up to a month. |
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September 7th - Press Releases
Ede, The Netherlands - KEI Industries Limited, New Delhi, India Selects InnoVites to implement CableBuilder© |
 InnoVites B.V. a software development Company, with offices in India and The Netherlands announces today that InnoVites B.V. announces that KEI Industries Limited, New Delhi, India, has selected CableBuilder© to further enhance their design and quoting processes.
CableBuilder© is the popular and powerful cable design software developed by Cimteq Ltd., the industry partner of InnoVites. InnoVites is the exclusive reseller for CableBuilder© in India.
With a turnover of about US$ 250 million, KEI Industries Limited is one of the three largest manufactures of cables and wires in India. Their cost-effective quality and reliable products range that meets rigorous technical requirements of customers has made KEI an undisputed industry leader. |
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September 7th - General
Vienna Austria - Focus on Brazil in CFI latest newsletter. |
| ICF previous newsletter highlighted China¡¯s rise to prominence as a leading consumer market, as well as its leading role as a global producer in the wire and cable industry. In this edition ICF switches focus to South America and look at Brazil, the region¡¯s largest market and producer for wire and cable. Brazil, according to reporting by the Wall Street Journal (WSJ) from mid-April, has been courting the other BRIC countries, particularly China, in an effort to become an indispensable source for iron ore, oil and soybeans. Brazil¡¯s export trade to China, according to statistics cited from the Ministry of Development, Industry and Trade grew 20 fold to $20 billion from 2000 through 2009. In fact, last year China supplanted the U.S. as Brazil¡¯s largest trading partner, a position the U.S. had held for the last fifty years. Reading of the news letter is a must for every wire & cable industry executive. To access use this link |
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September 7th - Market Stats
London U.K, - Copper near 4-month high, as demand prospects improve |
| Copper prices rose near four-month highs on Monday as investors bet on improved demand following better-than-forecast jobs data in the United States, the world's largest economy. Benchmark copper for three-months delivery on the London Metal Exchange ended at $7,705 a tonne, from a close of $7,640on Friday, when the metal hit a four-month high of $7,750. U.S. markets were closed for Labor Day. Inventory trends also remain supportive. Last week, copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 4 percent from a week earlier, data showed on Friday. LME stocks fell 800 tonnes to 396,875, exchange data showed on Monday, their lowest since November last year. Meanwhile, the amount of material set to leave LME warehouses stands at around7 percent of total stock levels. |
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September 7th - Acquisitions
Wallingford Connecticut - Borisch Manufacturing purchased by Amphenol |
| Aviation electronics maker Borisch Manufacturing was quietly purchased by publicly-held electronics giant Amphenol Corp. in July. Terms of the deal were not disclosed, but Amphenol executives said they bought Kentwood-based Borisch for its expertise, not to dismantle and absorb. Based in Wallingford, Conn., Amphenol makes a wide range of "interconnect" products ranging from wiring harnesses used in cars and airplanes to high-definition television cables. Borisch's specialty has been serving defense contractors with wiring harnesses, circuit boards and other electrical hardware. Borisch Controller Daniel Hislop said the sale should mean good things for the Kentwood business. "All of our key people have signed on to stay for at least two years," he said. |
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September 7th - Projects
Abu Dhabi UAE - ADIB leads the Islamic tranche of the AED 4.0 Billion project finance facility for the prestigious Emirates Steel Industries expansion project |
| In the largest project finance deal in the UAE, Abu Dhabi Islamic BankAbu Dhabi Islamic Bank (ADIB) a top-tier Islamic financial services group, led the Islamic Tranche of the AED 4.0 billion (US$1.1 billion) Project Finance Facility for Emirates Steel Industries , the UAE's leading steel maker. Further, Emirates Steel Industries. ADIB anchored the Facility with an AED 920 million funding, the largest participation. Emirates Steel Industries sought the facility to expand its steel production capacity and diversify its product offering as part of its strategic plan to become one of the largest integrated steel manufacturers in the region, in line with Abu Dhabi's vision 2030. ADIB played a pivotal role in the Facility, acting as Islamic Arranger, and Islamic Documentation and Coordinating Bank, in addition to the Islamic Facility Agent. Emirates Steel Industries has an output capacity of 2 million metric tons per annum, which is expected to reach 3 million metric tons in 2011 as part of its ambitious expansion plan. ESI is an integrated manufacturer of high quality steel products serving mainly the UAE market, and eyeing niche / value added products for exports (heavy and jumbo sections, drawing quality wire rods), with facilities located in Mussafah. ESI is a strategic element of the Government of Abu Dhabi (GOAD) with a view to diversify the economy to accelerate the growth in non-oil based GDP. |
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