Montana Aerospace acquires magnet wire and copper rod manufacturer from Viakable
1/4/2022 – Austria’s Montana Aerospace AG has acquired Brazil’s Comercio Ltda. (São Marco), a manufacturer of magnet wire and copper rod as well as electro-insulating varnishes, resins and lubricants. A press release said that adding the capacities of São Marco will bolster Montana Aerospace’s product offerings for round wires and conductors. Over the last decade, Montana […]
Hindalco Industries agrees to acquire copper rod subsidiary of Polycab India
1/4/2022 – Hindalco Industries Ltd., the metals flagship firm of Aditya Birla Group, has agreed to acquire Ryker Base Pvt. Ltd. (RBPL), a subsidiary of Polycab India Ltd. A report in the Business Standard said that the purchase was to be based on an enterprise value of ₹323 crore (about US$46.8 million). Hindalco operates one of […]
Nexans wins €80 million cable contract to deliver Norway power to the Oseberg Field Centre
1/3/22 – Nexans has won a more than €80 million contract from Equinor, a Norwegian state-owned multinational energy company, to manufacture and install a power cable system that will deliver electricity directly from the Norwegian power grid to its Oseberg Field Centre. A press release said that the cable system consists of a single three-core […]
Elcowire to acquire KME’s rod/wire assets in Germany, deal will double its capacity
1/3/2022 – Sweden’s Elcowire reports at its website that the company has entered into an agreement to acquire KME’s rod and wire assets and business located in Hettstedt, Germany, with 180 employees. “For Elcowire this means doubling the capacity to 300,000 metric tons for copper rod and adding a large share of the market with […]
GFG Alliance announces plans to reopen LIBERTY Steel USA plant in Georgetown
1/3/2022 – The GFG Alliance reports that it plans to re-open its LIBERTY Steel Georgetown (LSG) rod mill in Georgetown, South Carolina. A press release initially said that the reopening was expected to happen in mid-January. LGS will integrate operations with LIBERTY’s plant in Peoria, Illinois, to meet a strong order book and clear a […]