inside this issue prysmian group invests millions to ... december 1 issue.pdf · pravin agarwal,...
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December 1, 2014Volume 17, Issue 12
WIRE & CABLE STOCK INDEXES
% CHANGE % CHANGE since last issue YTD 2014
OVERVIEW 37 2590 +3.6 +8.4OVERVIEW Electrical 1869 +3.9 +7.4OVERVIEW Communications 629 +2.6 -0.2OVERVIEW Steel 460 +4.1 +10.6
•All data are from prices listed on the market on November 21, 2014.
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Prysmian Group Invests Millions to StrengthenPower Cable Production in Finland and Italy
Prysmian Group, Milan, Italy, recently announced new investments worth more than €40 million to upgrade production capabilities in its cable plants in Pikkala, Finland and in Arco Felice, Italy. The factories are already the Group’s centers of excellence for high-voltage and submarine cable production. These
new investments will enable both plants to be fully equipped to manufacture and test large cross-section
3-core cables up to a voltage of 400 kV AC.The investments follow the initial €40 million already invested in Finland in
2012 for the start-up of the submarine cables production unit in Pikkala. In par-ticular, the plant started producing transmission cables for HVDC power systems that allow large amounts of energy to be transmitted over long distances and the expansion of production capacity. In Arco Felice, an additional €50 million was invested in the period 2012 to 2014 to increase capacity for the production of mass impregnated cables (both paper and PPL).
These new investments have been driven by a contract worth approximately up to €730 million, awarded to the company by 50Hertz Offshore GmbH in May 2014, to design, produce and install the power cable systems for the offshore wind park cluster West of Adlergrund in the German Baltic Sea. www.prysmiangroup.com
New CEO & High-Voltage Cables Contract in Iceland for nkt cables The Board of Directors of NKT Holding has appointed Michael Hedegaard Lyng as CEO of nkt cables, replacing
Marc van’t Noordende, who has resigned. Jens Due Olsen, Chairman of the Board of Directors at NKT, commented, “Following the change of governance structure in NKT in 2013, we have intensified our active ownership. This led us to initiate the DRIVE program late last year and so far, good progress has been made by nkt cables. However, the
next phases of DRIVE, combined with the management agenda for nkt cables, will require a significant transformation of the company, which we have decided can best be accomplished under a different
CEO. I would like to thank Marc van’t Noordende for his dedicated work during his tenure as CEO of nkt cables. He leaves the company in a better position than when he joined.”
Michael Hedegaard Lyng will continue as Group Executive Director and CFO of NKT Holding while assuming his new responsibility as CEO of nkt cables.
Additionally, nkt cables has signed a major contract with Iceland’s transmission grid operator, Landsnet, for the supply of 126 km of underground high-voltage cables covering a total route of 45 km. The deal covers the supply of three 66 kV underground cables that will be used in separate projects to strengthen the transmission grid in the south and west of the country. The purchase, worth €2.5 million, represents the largest procurement of underground cables ever undertaken by Landsnet. www.nktcables.com
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Presented by:
CCCA Appoints Kiddoo Executive Director .....2Sterlite Grid Completes Power Project ............2Aksh Optifibre Wins Order ...............................3LS Cable’s Superconducting DC Cable ...........4LIFE-Inno.Pro.Wire Project .................................4Alpha Wire Acquires Coast Wire .....................5Yazaki Buying Tata Yazaki Autocomp .............6Delphi’s Automated Driving Solutions ............6Sales, Income, Dividends, New Products ....... 7Nexans Technical Conference .........................8
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BUSINESS & MARKET REPORTDecember 1, 2014
NotebookBrian Parsons joins Dekoron Wire & Cable as VP/GM
Brian Parsons has joined Dekoron Wire & Cable, LLC, Mount Pleasant, TX, USA, as Vice President/Gen-eral Manager, with overall management and P&L responsibil-ity for the company. He reports to Steven Bonnell, Group Presi-dent of Marmon Engi-neered Wire & Cable, Specialty Wire & Cable Group and President of RSCC Wire & Cable.
A 21-year industry veteran, Par-sons was most recently Plant Man-ager for Southwire’s OEM market cable manufacturing facility in Mineral Wells, TX, USA. Southwire acquired this facility in 2009 from Cable Tech Global/NOMA Cable Tech. From 1997 to 2009, Parsons was promoted from Engineering and QA Manager, to Plant Manag-er, then to General Manager at that facility under its prior ownership.
Parsons is currently Chairman of the Education Committee of the Wire Association International, and
during the early 2000s, he was a representative on the Ad Hoc technical committee involved in harmonizing UL/CSA standards for flexible cable.
www.rsccnuclearcable.com
AMSC prices equity offeringAmerican Superconductor Cor-
poration (AMSC), Devens, MA, USA, a global solutions provider serving wind and power grid in-dustry leaders, announced that it has priced its under-written registered direct offering of common stock units.
AMSC announced that it has agreed to sell 9,090,909 common stock units to a single investor. Each common stock unit consists of one share of common stock and 0.90 of a warrant to purchase one share of common stock, at an offering price of US$1.10 per common stock unit. Each warrant included in a com-mon stock unit will have an exercise price of US$1.10 per share, will be exercisable immediately from the date of issuance and will expire on November 12, 2019. The shares of
Brian Parsons
Sterlite Grid Completes India’s First Ultra-Mega Power Transmission ProjectSterlite Grid Limited, a subsidiary of Sterlite Technologies Limited, Pune, India, has announced a major milestone with the success-ful commissioning of India’s first Ultra Mega Transmission Project. The first line in this project connecting Purnea and Bihar Sharif was commissioned in September 2013, which was the first 400 KV line to cross the river Ganges since independence. The second line, which is about 225 km long, connects Bongaigaon in Assam to Siliguri in West Bengal. The 400 KV double-circuit quad transmission line was recently commissioned, making the East-North Interconnection Com-pany Ltd. (ENICL) fully operational.Pravin Agarwal, Chairman, Sterlite Grid Limited, said, “The completion of the ENICL project is a great achieve-
ment for the company and has helped double the power transfer to the region,
impacting the lives of millions of residents. This has also been a great testimony to Sterlite’s robust project engineering ca-
pabilities and takes us a step closer to achieving our vision of connecting every home on the planet. We remain grateful to the State Governments of West Bengal, Assam and Bihar, Min-istry of Power and Project Monitoring Group under Cabinet Committee for In-vestment for their unwavering support for this project of national importance.”Sterlite Technologies Limited develops, manufactures and delivers products, solutions and infrastructure technology for telecom and power transmission networks, globally.
www.sterlitetechnologies.com
CCCA Appoints David Kiddoo Executive Director as Frank Peri RetiresThe Communications Cable & Connectivity Association (CCCA), Washington, DC, USA, has announced the retirement of Frank Peri, who has led the CCCA since its inception in 2007, and has named David B. Kid-doo as the new Executive Direc-tor effective December 1, 2014.Peri guided the development of CCCA and its focus on fire safety compliance in communications cabling products and systems by collaborating with industry stakeholders in strengthening certification programs. His vi-sion helped CCCA become a leader in the fight against the proliferation of noncompliant and counterfeit products.David Kiddoo comes to the Ex-ecutive Director position from the AlphaGary Corporation where he was Global Business Manag-er for Wire and Cable insulation and sheathing products.The nonprofit CCCA is com-prised of top manufacturers, dis-tributors and material suppliers who are committed to serving as a resource for well-researched, fact-based information on the technologies and issues vital to the structured cabling industry.
www.cccassoc.org
BUSINESS & MARKET REPORT
Notebook
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common stock and the warrants will be immediately separable and will be issued separately. The net proceeds to AMSC from this offering are expected to be approximately US$9.0 million, after deducting the underwriting discount and esti-mated offering expenses.
In connection with the offering, Cowen and Company, LLC acted as lead book-running manager and MLV & Co. LLC served as co-manager.
www.amsc.com
Prysmian SpA reports 9-month 2014 results
The Board of Directors of Prys-mian SpA has approved the Group’s consolidated results for the first nine months of 2014.
Sales of €5014 million were up by 0.2% over nine-month sales in 2013. Operating income was reported at €249 million down by 25.3%, com-
pared with 2013. Net profit for the
company stood at €134 million, also down by some 25.1%, compared with the first nine moths f 2013.
“The results for the first nine months of 2014 show generally stable profitability, excluding the adverse impact of the Western Link project,” explained CEO Valerio Bat-tista. “The pace of volume recovery in the telecom cables business continues to exceed expectations, while the building wires market is showing a slight improvement in trend. For the fourth quarter, we expect high-voltage and oil industry cables to make a bigger contribu-tion than in previous quarters, and submarine cables to confirm their strong performance. Geographi-cally, positive performance in North America and Asia has served as a partial counterbalance to the weak environment in Europe and deterio-ration in South America. The Group continues to focus on cost contain-
ment and making its manufactur-ing footprint ever more efficient, by initiating the implementation of a regional supply chain in Europe.”
www.prysmiangroup.com
Sharon Allan named President & CEO of Smart Grid Interoperability Panel
The Board of Directors for the Smart Grid Interoperability Panel (SGIP), a NEMA member-funded
organization focused on accelerating Smart
Grid interoperability, recently an-nounced Sharon Allan, industry luminary, as its new President and Chief Executive Officer.
Allan’s 30 years of experience in the energy and information technology industries will help SGIP strengthen its collaborative ties between utilities, research labs, regulators and business leaders around the world. Allan will work closely with members to increase visibility for the work SGIP is doing to address the key grid modernization issues of resiliency and integration of new systems.
“Allan brings to SGIP deep indus-try relationships and leadership, two invaluable traits that made her an ideal candidate for our organi-zation,” said John McDonald, SGIP Board Chairman/Director, Technical Strategy and Policy Development at GE Digital Energy. “She will help SGIP evolve its mission in partnership with members to help overcome grid modernization challenges.”
Allan is recognized as an indus-try leader. She’s been named one of Greentech Media’s “100 Movers & Shakers of the Smart Grid” and Smart Grid News’ “Smart Grid’s Three Most Powerful Women.” Past executive leadership positions at Accenture, Elster, ABB and IBM have shaped her expertise while impact-ing transformation in the industry.
www.nema.org
December 1, 2014
You need it—We have it!802.773.9111
Aksh Optifibre Wins India Defense Project OrderAksh Optifibre Limited, New Delhi, India, won a US$17 million contract for the supply of optical fiber cables to be used for India’s Defense Net-work For Spectrum (NFS) project. The firm was the lowest bidder along with state-run Telco ITI, for Package F of the project, which mainly covers West Bengal, Oris-sa, Bihar, Jharkhand, Andaman and Nicobar Islands and Sikkim. The companies will be involved in supplying and handling end-to-end deployment of an optical fiber cable backbone network for India’s armed forces.
www.akshoptifibre.com
IEWC Makes Leadership Changes to USA BusinessesChris Reich is now Business De-velopment Director with national responsibilities in coordinating key growth initiatives within IEWC’s US Divi-sion. IEWC also made leadership changes within its US West and US South business units with the appointments of Marie-Claude Milot (US West) and Pete Hen-rikson (US South) as Business Unit Directors. IEWC said these new Directors will be accretive to the success of the US Division as IEWC continues to grow.
www.iewc.com
BUSINESS & MARKET REPORT
NotebookDecember 1, 2014
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Anixter appoints Scott R. Peppet to Board of Directors
Anixter International Inc., Glen-view, IL, USA, has announced the appointment of Scott R. Peppet to its Board of Directors.
“We look forward to the in-depth knowledge and new perspectives that Scott will bring to Anixter as we move forward and grow our business,” said Sam Zell, Board
Chairman. “Scott’s outstanding record
of leadership and deep experi-ence in the legal field make him an outstanding addition to our board.”
Peppet is a professor of law at the University of Colorado Law School, with expertise in contracts, negotiations, complex transactions, legal ethics, privacy law and tech-
nology. He received the 2013 Jules Milstein Faculty Scholarship Award, the 2010 Invited Scott Lecture and the 2002 Excellence in Teaching Award. He has served as a mem-ber of the Investment Committee of Equity Group Investments since 2014 and the Ownership Committee of Equity International since 2012. Peppet has served on the board of directors of GP Strategies, White Plains, NY, USA.
investors.anixter.com
Thorne Bartlett to Manager at T & T Marketing
Thorne Bartlett joined T & T Mar-keting, Inc., Allamuchy, NJ, USA, on November 1, 2014, as a Business Development/Supplier Relations Manager. Bartlett has spent many
LS Cable & System Demos “World’s First” Superconducting DC CableLS Cable & System of Korea announced that it has started demonstration of the world’s first superconducting DC cable.
The company had completed installa-
tion of an 80 kV superconducting DC cable at its Superconducting Power System Center in Jeju Island at the end of October and on November 19, 2014, started a system demonstration that will last for six months. This holds significance as a turning point for Korea because, despite starting development of superconduct-ing cable technology much later than the USA and Germany, the country has now become an industry leader after approxi-mately 10 years of technology development.Having started superconducting cable development in 2001, LS Cable & System succeeded in producing an AC cable in 2004 as the fourth in the world fol-lowing Denmark, the USA and Japan. In 2013, the company developed a DC superconduct-ing cable for the first time in the world, thus becoming the only company in the world possess-ing both AC and DC supercon-ducting technologies.
www.lscns.com
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Your Worldwide Partner For Non Ferrous Wire Processing Equipment
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Maccaferri & SAMP: LIFE-Inno.Pro.Wire Project Sustainable Challenge Kick-Off Meeting HeldOn October 29, 2014, the kick-off meeting for the LIFE-Inno.Pro.Wire project was held at the Officine Maccaferri SpA headquarters in Bologna, Italy. The project stems from a partnership be-tween the two major Italian multinationals, Maccaferri Industrial Group (through its companies, Offi-cine Maccaferri SpA and SAMP SpA) and RadiciGroup (through Radici Novacips SpA).The LIFE-Inno.Pro.Wire project sus-tainable challenge is to design an in-novative process with a lower environ-mental impact for producing extruded steel wire to be used in metal net protection and containment structures. Enthusiasm describes the kick-off meeting for LIFE-Inno.Pro.Wire, the Italian pilot project, which was awarded financial support by the European Commission’s LIFE+ programme, the European Union’s environment fund.The sustainability aspect of the LIFE-Inno.Pro.Wire project is the use of polyamide 6 (PA6 engineering plas-tics) as a viable alternative to PVC for coating the steel wire. Tests will be conducted not only on conventional PA6, but also on PA6.10 engineering
plastics produced using 64% biopoly-mer manufactured from sebacic acid.
The traditional process for producing extruded steel wire, in which steel wire is plated with a very thick zinc coating layer and then PVC coated, is energy
intensive. Hence, the idea put forth by Officine Maccaferri—world leader in the research, design and manufacture of advanced environmental civil engi-neering solutions—to develop a new and innovative production process in which the zinc coating process is minimized. Polyamide 6 plays a central role in this project, because compared to PVC, it ensures better technical and environmental performance. Benefits from this project range from develop-ment of a replicable methodology for the eco-sustainable production of steel wire coated with polymeric material us-ing new materials and new processes, to set-up of a demonstration production line to show savings in materials and energy by properly documenting pro-cess yield and product performance. The project will also contribute to the application of the experimental PEF methodology for the environmental evaluation of processes and products.
www.ec.europa.eu/life
BUSINESS & MARKET REPORT
Notebook
Page 5
Alpha Wire Acquires Coast Wire and Plastic TechAlpha Wire, Elizabeth, NJ, USA, has acquired Coast Wire and Plastic Tech of Carson, CA, USA. Coast specializes in custom wire and cable for the medi-cal, instrumentation, industrial, semiconductor and commercial electronic markets. “We are pleased to add Coast to the Alpha family,” said Mike Dugar, Alpha Wire President. “With the addition of Coast’s expertise in cus-tom cable de-sign and manufacturing, we offer a superior array of cabling solutions for our targeted mar-kets including medical device manufacturers and industrial machine builders.”“Being part of Alpha Wire creates new opportunities and broadens our global customer base,” said Mark Vanderwoude, Coast President/CEO. “We share Al-pha’s commitment to provide products of the highest quality to meet the most demanding application needs of customers.”The combined organization will continue to feature industry-leading service levels, high-lighted by Alpha’s in-stock stan-dard product configurations and Coast’s rapid prototyping capabilities on specialty designs.
www.alphawire.com
years in the wire and cable industry, most recently as the Global Busi-ness Development Director at The Dow Chemical Company.
Thorne spent nearly 30 years at Dow and Union Carbide where he served in a variety of positions includ-ing Account Manager, Product Development Engineer, Logistics Manager, Inventory Planning and Control Manager, Director of Data Management and Product Marketing Executive. He will be based in New Jersey.
www.ttmarketinginc.com
Gori joins POURTIER & SETIC sales team
POURTIER and SETIC of France, members of the Gauder Group, have announced the arrival of Massimo Gori to strengthen their position as world leaders in rotating machines for the wire and cable industry.
Based on his recent and positive experience in the USA and Canada, Gori starts working as Area Sales Manager in coop-eration with Roger L. Brown, Sales Man-ager of POURTIER & SETIC of America. His target is to strengthen the position of the USA division in the special cable and power cable fields.
Gori will also focus on business development in Italy, proposing the
December 1, 2014
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best technical solutions among the wide range of rotating machinery to match the customer’s production needs.
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Ceresana publishes market study on LLDPE
According to the market research institute, Ceresana, linear low den-sity polyethylene (LLDPE) is the most versatile type of polyethylene. Large amounts of this plastic are used in producing films. Global revenues generated with LLDPE amounted to US$ 40.0 billion in 2013. A new study published by Ceresana ex-pects global market value of LLDPE to increase by about 3.9% by 2021.
The largest sales market is Asia-Pacific that consumed 11.3 million tons of LLDPE in 2013. An increase of another third of this amount is to occur in this region until 2021. Ceresa-na also forecasts high growth rates for the Middle East and South Amer-ica. The markets for LLDPE in North America and western Europe, will grow by only just above 1% per year. Yet growth prospects are still better than those for other types of polyethylene such as LDPE or HDPE.
The shale gas boom in the USA has a significant effect on ethylene production and thus markets for polyethylene. The strong decline of prices for ethane has led to a number of new ethane crackers being built. Cracking ethane yields a higher amount of ethylene than does the cracking of naphtha or other feedstocks. As a result of these projects, production capaci-ties for polyethylene is the USA are rising. Faced with increasing pricing pressure, several European pro-ducers have announced to either close their crackers or to change
BUSINESS & MARKET REPORT
NotebookDecember 1, 2014
Page 6
Yazaki to Purchase all Tata Yazaki Autocomp SharesYazaki Corporation has agreed to purchase all shares of Tata Yazaki Autocomp Limited (TYA), its Indian wire harness manu-facturing and sales joint venture company. The 50:50 joint ven-ture between Yazaki Corporation and TYA was es-tablished in 1997 for the manufacture and sales of automotive wire harnesses and related components. Capitalized at 1 billion Indian rupees, TYA will become a wholly-owned subsidiary of Yazaki Corporation through the purchase of the 50% share held by TYA.
www.yazaki-group.com
Datwyler Micro Cables Approved by VodafoneThe full range of Datwyler mi-cro cables is now approved for use in the Vodafone Germany network. Comprehensive-type approval tests to Vodafone GmbH’s specifications were carried out at Datwyler’s Altdorf,
Switzerland, ca-ble plant prior to
series production approval. The first production batch of mi-cro cables for Vodafone GmbH construction projects was deliv-ered by Datwyler at the end of October 2014
www.cabling.datwyler.com
over to using imported ethane as feedstock. Western Europe is the only world region to reduce output of LLDPE in upcoming years as ca-pacities will not be expanded and some facilities will be closed.
www.ceresana.com
Finolex Q2 resultsFinolex Cables Ltd., Pune, India,
has released its second quarter financial year results. Net sales for the quarter were Rs 6306.5 mil-lion versus Rs 5874.5 million last year. Net sales for the current term increased by 7% over the same pe-riod last year. Profit for Q2 increased to Rs 997.7 million compared with Rs 920.5 million last year.
www.finolex.com
DOC finds dumping & subsidization of imports from P.R. China
On November 13, 2014, the Department of Commerce (DOC) announced its affirmative final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of carbon and certain alloy steel wire rod from the People’s Republic of China. The DOC determined that imports of carbon and certain al-loy steel wire rod from China have been sold in the USA at dumping margins ranging from 106.19% to 110.25%.
DOC also found that producers/exporters of carbon and certain al-loy steel wire rod from China have
Delphi & Ottomatika Partner to Offer Industry-Leading Solutions for Automated DrivingDelphi Automotive PLC, Gillingham, England, a leader in advanced driver assistance systems, will partner with Ottomatika, Inc., to jointly develop technology to help accelerate automated driving. Started by Carnegie Mellon Univer-sity, Ottomatika provides advanced automated driving software, Delphi, the company that first intro-duced automotive radar systems, will integrate its active safety technologies with Ottomatika’s automated driving software. The combination of the two creates a technology platform that enables a vehicle to make human-like decisions when driving in the city or on the highway. The platform is flexible and can be expanded and upgraded as the software is updated. It will also support vehicle-to-environment (V2X) communications. “Dealing with highly complex real-world
decisions is a limitation for much of the current technology in the market,”
said Jeff Owens, Delphi’s Chief Technology Officer.
“This partnership with Ottomatika will represent a significant step forward in making automated driving a reality. Your car just got a lot smarter.” Using their individual strengths, Delphi and Ottomatika have developed a ve-hicle platform that can instantaneously make complex decisions like stopping and proceeding at a four-way stop, timing a highway merge or calculating the safest maneuver around a bicyclist on a city street. Delphi is supporting the collaboration by making an investment in Ottoma-tika. Together, the two companies will design a short and long-term road map of steadily increasing vehicle automa-tion in the coming years.
www.delphi.com
wire-machine.com
WIRE MACHINE SYSTEMS
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Notebook
Page 7
New Wire & Cable Products...• Belden Inc., St. Louis, MO, USA, announces its new distinct ranges of structured Modular Industrial Patch Panel (MIPP) products for harsh industrial applications. With three ro-bust and versatile termination panel options available, engineers and installers can easily connect both fiber and copper cables from operating environments to active equipment. The MIPP Fiber Splice Box is designed to effi-ciently terminate various types of fiber cabling in a wide range of industrial applications. The MIPP Copper Patch Panel ensures maximum reliability for both industrial Ethernet and PROFINET networks. For networks using both fiber and copper cabling in place, the MIPP Mix integrates the connection of both cabling infrastructures in one single solution.
www.belden.com
• Datwyler, Altdorf, Switzerland, offers new Category 8.2 copper data cables—type CU 8203 4P and type CU 8206 flex—and ARJ45 connectors (A=Augmented). These cables represent a system solution of the future. They allow high-end 40 GBase-T transmission over a 30 m channel in the 2-connector model. Live demonstrations at the recent TeleNetfair show highlighted the optimum transmission characteristics of these cables up to 2 GHz, due not least to their advanced screening with paired and braided shielding (CA ≥85 dB).
www.cabling.datwyler.com
• LEONI, Friesoythe, Germany, is focused on enhanced user-friendliness in the further development of its Cat. 6A Industrial Ethernet cable. This new ES version of LEONI’s star performer in terms of transfer rate is conse-quently just that—extremely easy to strip. Not only does this enhance user convenience, rapid assembly in the field also reduces installation time and thus provides an im-mediate financial benefit. And this ES version retains the ability to reliably transfer 10 Gbit/s and mechanical resistance to more than one million flex cycles—without any interfering pair shield foil. LEONI AG’s Cat. 6A cable is not only optimized for application in a drag chain with transfer rates of 10 Gbit/s at up to 500 MHz, it also does without any additional pair shield foils. This innovative feature makes it possible to easily fit, for example, RJ 45 and M12 x-coded connectors in the field, thereby saving time and money
www.leoni.com
BUSINESS & MARKET REPORT
received countervailable subsidies ranging from 178.46% to 193.31%.
In the AD investigation, manda-tory respondents Benxi Iron and Steel Group Imp. and Exp. Corp. Ltd. and Tangshan Iron and Steel Group Co. Ltd. failed to respond to DOC requests for information and were deemed a part of the China-wide entity. They received a final dumping margin of 110.25%. Separate rate applicants, Hunan Valin Xiangtan Iron & Steel Co., Ltd., Jiangsu Shagang International Trade Co., Ltd. and Rizhao Steel Wire Co., Ltd. each received a final dumping margin of 106.19%. All other China producers/exporters got the China-wide 110.25% margin.
In the CVD investigation, manda-tory respondent Benxi Beiying Iron & Steel Group Import & Export Corp., Benxi Beiying Iron & Steel (Group) Co., Ltd., and 13 affiliates received a final subsidy rate of 193.31%. Mandatory respondent Hebei Iron & Steel Co. Ltd., Tangshan Branch received a final subsidy rate of 178.46%. All others in China were assigned a final subsidy rate of 185.89%.
enforcement.trade.gov
Zapp announces US$30 million expansion
According to local reports, Zapp Precision Wire, Inc., which is a man-ufacturer of stainless steel, nickel al-loys and titanium wire, is expanding its operations in Dorchester County.
Zapp will be investing some US$30 million in the operations expansion, adding an expected 20 new jobs in Summerville, SC, USA.
Hiring for new positions is ex-pected to begin in January 2015.
www.zapp.com
December 1, 2014
Drawing Lines for Nonferrous/Ferrous •Annealers • Insulating/Jacketing Lines •
Sheathing Lines • Payoffs/Take-Ups •Spoolers • Coilers • Bunchers • More
T: +1 301 223 8584F: +1 301 223 8542
Web: www.sampinc.comE-Mail: [email protected]
Sales & Net Income Table NetCompany Sales %∆ Income %∆AMSC 13 -48 (25) n/aHouston Wire & Cable 97 +1.6 3.5 +112International Wire Group 199 +8.3 3.9 -7.1LEONI* 1014 +5.8 16 -11Nexans 1171 -2.1 n/a n/aNortech Systems 28 +2.4 0.333 +53Latest Quarterly Sales & Net Income is shown in US$ millions, except where noted with an *, which are shown in Euros. %∆ is relative to 2013 quarterly data.
Quarterly Dividends Report...• Carlisle Companies Inc., Charlotte, NC, USA, has declared a regular quarterly divi-dend of US$0.25 per share payable Dec. 1, 2014, to stockholders of record at the close of business on Nov. 19, 2014. www.carlisle.com
• Encore Wire Corporation, McKinney, TX, USA, has declared a cash dividend of US$0.02 per share payable Jan. 16, 2015, to stockholders of record at close of business on Jan. 2, 2015. www.encorewire.com
• Houston Wire & Cable, Houston, TX, USA, declared a dividend of US$0.12 per share that was paid to the company’s sharehold-ers on Nov. 28, 2014. www.houwire.com
• TE Connectivity, Schaffhausen, Swit-zerland, declared a quarterly dividend of US$0.29 per share payable on Dec. 12, 2014, to shareholders of at the close of business on Nov. 28, 2014. www.te.com
EVENTS & OPPORTUNITIES
EVENTS
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Nexans Technical Conference Looks at Energy Savings for Data Centers
Nexans, Paris, France, hosts its data center conference in Paris on December 1, 2014. The confer-ence, titled, “Data Centre Cabling Evolution for Energy Savings and
Efficiencies”, looks at how to meet the
demand for more efficient and less energy-intensive data centers.
Nexans specialists and industry experts will make presentations on current issues affecting data centers including the increasing demand for data traffic, the need for greater energy efficiency and the environ-mental impact of computing. The conference will include an exhibi-tion and will be concluded with a panel discussion.
Participating in the conference are experts from across the industry including Paolo Bertoldi, Director-ate General Joint Research Centre at the European Commission; Pro-fessor Ian Bitterlin, Visiting Profes-sor at Leeds University and CTO at Emerson Network Power Systems EMEA; and several consultants.
www.nexans.com
Brand-Rex Hosts 1st Partner Conference
The first Brand-Rex Partner Conference recently took place in the picturesque surroundings of Loch Lomond, Scotland. The event was designed to share current and future plans with key distribu-
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tion partners and to demonstrate Brand-Rex’s commitment to excel-lence in product innovation, quality, service and sustainability.
The Partner Conference event, held at Cameron House Hotel over the course of three days, consisted of a series of presentations, product updates and live hands-on product demonstrations.
Brand-Rex reports the event was a huge success attracting key distribution partners from around the world to feedback on the new strategy and direction, and to en-sure specific market requirements and demands are integrated into future plans.
www.brand-rex.com
Bruggs Cables Exhibits at CIGRE Paris 2014 Using High-Voltage Lab Layout
Brugg Cables, Brugg, Switzer-land, was one of the exhibitors at CIGRE Paris 2014, which was held from August 24, to 29, 2014, in Paris, France.
Brugg Cable’s exhibit consisted of a complete high-voltage labora-tory layout covering the company’s entire range of products and ser-vices in the area of power cables.
In addition to its extensive ser-vices in the systems business, product highlights on display in the Brugg Cables exhibit included the company’s explosion-proof termi-nation and its new plug-in 245 kV dry termination.
www.bruggcables.com
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December 1, 2014
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