June 22, 2020 Volume 23, Issue 6 INSIDE THIS ISSUE RichardsApex: Amexstra & Promotions..........2 Copperweld Acquires Seminole Wire & Cable TKF Wins Vattenfall Contract.............................2 Southwire: \"US Best Managed Company\"......2 Copperweld Group, Inc., a portfolio company of Kinderhook Industries, New Barrel Pack from AFC Cable Systems.....3 LLC, announced the recent acquisition of Seminole Wire & Cable Co., Inc., Fisk Alloy Sale Cancelled...................................3 a Pennsauken, NJ, USA-based supplier of specialty wire and LS Cable Wins Power Cable Contract..............3 cable products. Founded in 1962, Seminole is a leading wire and Obituary: Anthony Urbano...............................3 HUBER+SUHNER & Bombardier: Partners......4 cable manufacturer offering plastic-extruded wire products and Kalas Receives Award from Caterpillar...........4 value-added finishing capabilities. Seminole provides customized Prysmian’s Contract Wins.................................4 products for its customers across a variety of end markets and Nexans Lands Scottish & Greek Contracts......5 applications including blasting and connecting wire for mining, NKT Wins Contracts in Greece & Denmark.....5 buried wire for pet containment and AV wire for broadcasting. Seminole Wire IWMA Launches New Website & Branding.....6 & Cable also offers support in research and development, product design and Tim King: President at Southwire Canada......6 GKN Aerospace & Eviation Agreement...........6 labeling and branding. WireMasters Wins BAE Award......................... 7 The acquisition brings key value-added wire extrusion and other manufactur- Belden: New Executives & Partners................. 7 ing capabilities in-house for Copperweld and ultimately takes the Copperweld Sales, Net Income, Dividends........................... 7 brand directly to the end customer. Seminole also bolsters Copperweld’s wire Events: Virtual, China, Mexico & USA..........7, 8 finishing processes including cabling, braiding and assembly. Copperweld will leverage Seminole’s highly capable research and development team to promote Presented by: quicker new product development and new advanced testing processes. www.kinderhook.com • www.copperweld.com • www.seminolewire.com & IPC Contracted to Manage EWPTE Beginning in 2021 Initial Publications, Inc. To help add new benefits, attract more attendees, increase exhibitor par- 1741 Akron Peninsula Rd, ticipation and cultivate a higher level of training, education and engagement Akron, OH 44313 USA seminars for guests and participants, IPC, Bannockburn, Tl: +1 330 864 2122 • Fx: +1 330 864 5298 IL, USA, has been selected to manage the Electrical Wire www.wiretech.com Processing Technology Expo (EWPTE) in Milwaukee, WI, Chip Lippincott Publisher USA, for the years 2021 to 2025. Held annually at the Wisconsin Center, EWPTE Mike McNulty VP & Editor is one of the leading shows for the electrical wire and cable processing indus- Jim Masar Senior Editor tries. The past few years have drawn an expanded roster of exhibitors and Tom Hutchinson Global Sales Manager Mike Dies Sales Representative visitors, and the 2019 event saw close to 3000 attendees from 40 states and Sally Goss Sales Representative Subscribe @ www.wiretech.com/overview.asp 25 countries and nearly 200 exhibiting companies. Major automotive manu- facturers such as Ford, Fiat Chrysler and GM, plus notable international companies including Boeing, GE, Briggs & Stratton and Harley-Davidson sent representatives to the two-day show to see the latest trends, technologies and Performance Elastomers products shaping the future. In addition to IPC providing logistical and marketing support including exhibitCaPnEd, sCpSoMn,sCoRrs,hFiKpMsa, lHeNs,BpRr,oEmPoDtMion, exhibitor/attendee registration, hotel room contracting and general event administration(3, 3IP0C) 6w53il-l8a3l4s1o develop a technical conference for the event and host the summer committee meetings, IPC SumwmwewrC.loiamn,dianccoornpj.ucnocmtion with the event. The next EWPTE is May 12 to 13, 2021, at the Wisconsin Center in downtown Milwaukee. www.IPC.org Wire & Cable Stock Indexes % CHANGE % CHANGE since last issue YTD 2020 OVERVIEW 38 2890 +5.8 -18.9 Specialty Additives: Zinc Oxide +5.4 -15.9 OVERVIEW Electrical 2392 +9.6 -21.7 Peroxides, Co-agents, Silica, FRs, etc. +3.5 -37.2 OVERVIEW Communications 590 (330) 653-8341 www.liandacorp.com OVERVIEW Steel 214 • All data are from prices listed on the market on June 15, 2020. Page 1
BUSINESS & MARKET REPORT June 22, 2020 WESCO & Anixter announce • Ted Dosch becomes Executive post-closing leadership team Vice President, Strategy & Chief = Notebook Transformation Officer. WESCO International and Anixter RichardsApex: Sales Rep for International have announced the • Diane Lazzaris becomes Ex- Amexstra & Two Promotions ecutive VP & General Counsel. RichardsApex, Philadelphia, PA, future leadership team USA, is now the exclusive sales and organizational • Chris Wolf becomes Executive rep in the USA and Mexico for structure to become VP/Chief Human Resources Officer. effective upon comple- the Amexstra • Hemant Porwal becomes Exec- line of ceramic tion of the merger of utive VP, Supply Chain/Operations. wire drawing the two companies. and annealing processing parts. The transaction is expected to close wesco.investorroom.com Andrew Helffrich, VP Sales at by Q3 2020, subject to remaining RichardsApex, says the compa- customary closing conditions. WireMasters now global ny adds more diversity to its port- Strategic Business Unit Leadership: distributor for Ella Engineering folio of products and services, which will benefit our customer • Nelson Squires becomes Ex- WireMasters, Columbia, TN, USA, base. “Amexstra products are a ecutive VP & Gen. Manager of is investing to expand its connector natural compliment to our core Electrical & Electronic Solutions. offering. In addition to offering QPL lubricant products and fit well build-to-order D38999 and 26482 with our filtration products from • Bill Geary becomes Executive Series II connectors, WireMasters Filtration System Products.” VP & Gen. Manager of Communi- most recently announced that it has RichardsApex also ad- cations & Security Solutions. become a global distributor for Ella vanced two key techni- Engineering, a precision manufac- cal people. Ralph Cre- • Jim Cameron becomes Execu- turer of Mil-Spec contacts, custom neti is now VP–Product tive VP & Gen. Manager of Utility & contacts and other components. Management. And Broadband Solutions. James Brooks has Ella Engineering is a QPL-qual- been promoted to Se- Corporate Leadership: ified manufacturer of AS39029 nior Product Develop- contacts and manufactures 100% ment Specialist. • Dave Schulz becomes Execu- www.richardsapex.com tive Vice President & CFO. TKF Wins Vattenfall Contract Southwire Named a US Best Managed Company TKF won a contract from Vatten- Reflecting its commitment to excel- tries worldwide. In its inaugural year fall to supply 150 km 66 kV inter array cables for the Hollandse lence and world-class business prac- within the USA, the program seeks to Kust Zuid wind farm (HKZ) 1-2 in the North Sea. TKF will produce tices, Southwire, recognize and honor and deliver 150 km of 66 kV alu- minum core cables and acces- Carrollton, GA, USA, private firms for their sories in 2022 and 2023. has been selected management skills www.tkf.nl as a 2020 US Best and practices. Specializing in Equipment for the Wire & Cable Industry. Managed Company. To participate, com- • Appraisers • Auctions “We are excited that panies must be head- • Individual Pieces or Entire Plants +1.401.943.3777: phone Southwire has been quartered in the USA +1.401.943.3670: fax named as a member and have annual rev- e-mail: [email protected] of the US Best Managed Compa- enues of at least US$250 million. The nies program,” said Rich Stinson, honorees are then selected based on Southwire President/CEO. “For seven their overall business performance and decades, we’ve delivered high-quality industry-leading practices. products and service to customers and Southwire is among only 27 honorees treated our employees with utmost selected by an external, independent gratitude and respect. We continue to panel of judges. be guided by strict ethical standards, Among the business practices that led environmental stewardship and a to Southwire’s receipt of this award focus on Giving Back to the local com- include the development and commu- munity, and these commitments have nication of a ONE Southwire strategy, a undoubtedly brought us to where we long-lasting commitment to innovation are today as well as contributed to this and sound financial decision-making tremendous honor.” as well as a culture that emphasizes The US Best Managed Companies pro- sustainability for its customers, its gram, sponsored by Deloitte Private employees, the communities and the and The Wall Street Journal, began in environment. 2008 and has expanded into 21 coun- www.southwire.com Page 2
BUSINESS & MARKET REPORT of its products in the USA utilizing its June 22, 2020 state-of-the-art vertically-integrated facility in Elk Grove Village, IL, USA. Obituary: Anthony Urbano Notebook QPL-Qualified, gold-plated con- Anthony Louis Urbano, 90, passed away tacts meeting the stringent require- ments of AS39029 (Mil-C-39029) peacefully on December 12, 2019, in Chatta- New Barrel Pack from will be stocked throughout Wire- nooga, TN, USA. Anthony was born March 15, AFC Cable Systems Masters’ global warehouses. 1929 to Antonio Urbano and Rose Urbano www.WireMasters.net (Gianitti) in Newark, The Barrel Pack System from AFC www.ellaeng.com NJ, USA, and after Cable Systems®, New Bedford, Times Microwave Systems leaving New Jersey advances European expansion with his own family, MA, USA, allows for easy trans- Solidifying a banner year of lived in Avon, CT, port of large cable quantities and expansion in Europe, Times Micro- USA, Birmingham, reduces scrap on wave Systems, Wallingford, CT, USA, AL, USA and Hud- announces a new manufacturing operation in Estonia. This enterprise son, FL, USA, before jobsites. The sys- is a partnership with UK-based moving to Chatta- tem’s 75-gal. fiber sister company Ionix, an Amphenol nooga. He served company that specializes in manu- facturing high-performance wiring for four years in the barrel design sim- harnesses and sub-assemblies. Navy from 1951 to plifies cable handling with an 1955 and was on easy pull and lever-locking steel Coupled with the recent opening the USS McCaffery of a Master Distribution Hub in the Netherlands, this investment sup- DDE860. band lid. Each barrel is 43\" high ports Times’ strong commitment to the European market and places Anthony attended Newark College of Engi- with a 23\" diameter and holds neering and received his Bachelor’s degree up to 400 lb. Your single in Chemical Engineering. He worked at Wil- source supplier bur B. Driver Company in New Jersey and www.afcweb.com for the wire and cable industry Videk before moving to Avon in 1973, where Fisk Alloy Sale Cancelled he worked at Gavlick Machinery Company. mholland.com 800-608-1577 Later he began his own business, Urbano The earlier announced acquisi- Associates, in 1984 and continued with this business until the day he passed. He was a tion of Fisk Alloy by Thermo dedicated worker and said he would not retire, Technologies of France, has and he didn’t. He was a devoted husband to been cancelled. the love of his life, Jeanne Urbano (D’Alessio) for 61 years until her passing on December 7, With impact of CO- VID-19 on countries, markets and 2011, in Hudson. Anthony is survived by three AchnnildoruennceKmaernetn the world, both firms mutually and her husband Paul, AnthJounne y11,P20e20ter Ur- agreed that now is not a good bano and his wife Carol, LaurToeonurBvalyuerdncelien(tUs arn-d bano) and her husband Kenneth, his grand- timesuppliers, to combine the companies. www.fiskalloy.comchildren Carla Cifarelli, RebITneecFchenbcorauloagryiUe2s0ro2bf0A,anwnneeocayn,,nForuannccee,dptehnedeinxpgedcuteeddialicgqeunicsietiaonndoof tFhisekr Alloy by Thermo conditions. Kyle Byrne, Sean Byrne and Cassandra LS Cable Wins Power Cable(gBreyartnger)aGndocshsildarnedn,hMearrhiauhs,bNaanWnanotdidtthhaTCathgheonearomi,drmoZltpitTmaaoececytnhtodon,focCehlooonmgvisiibde,is-n1he9atovhenemccoouumtnuptaralilneysiea,snm.dHaarekmnecitcesa,,bbFliuysskcinoAemllsoesyetswoaitlnhl dneopctoebonepcllauecswqiouonirrltedhdwabtidyneo,wFisisk Contract in SingaporeTucker, for LS Cable & System of Korea hasceased bMy ohlilsy,gSraknydledra,uMghiktekrTtyahohRehue’rpvmeaeasogctnoT4imen6dceyhaentpaoorRlresoexghpoiedeersscee.te.Oin-uHr acwomthpoarnnye,wNilJl,cwointhtinthuee independently operating as we have same excellent solutions and service won a contractuBsyerdneh.isWtahleenntsnobtuiwldiitnhgfacmlocilyksuFoonfrdrotehrrwsettayohenadrerkinssigpnrtpihgoerro,acunhgidhaefwlohr athtehamsobmeeenntaamt hoastnddi,ftfhicaunltktyimoueforyour businessand your for everyone and everything. for power cablespeople in worth a total ofprojects. stay safe and If you have questions, his liefenjaonydeddotienlglinogthseWptlreoeawhrseoioepfeeosetd,lhfawrmteeyooaturokk,ryeiionnaucggrhcooulltetaogumees and families healthy. He directly. people laugh, playing golf, pSoinckeererly,, billiards, KRW 100 billion from Singapore. LS C&S will supply about 400 km the Genealogy club, volunteEreicrFiisnkg for The of transmission (HV) and dis- ToyMakers organization at HeCrhitieaf gExeecuPtivienOeffsice,ra nonprofit group that provides free, handmade wooden toys to children in need and with his tribution (LV) cables throughout ever-young spirit, even relearned how to play Singapore by the end of 2021. bridge just last year. He will be missed and remembered fondly for his talkative nature, his www.lscable.com sense of humor and his corny jokes. A funeral service was held on February 1, 2020 at Trin- ity Memorial Gardens on Memorial Drive. In Lieu of flowers family requests donations in “Your one-stop supplier of high-quality, his loving memory to be sent to ToyMakers of global-value, second-hand nonferrous Heritage Pines c/o 4816 Fort Peck Road, New Port Richey, FL 34655, USA. wire & cable equipment” Times’ high-end RF cable assembly 100 Franklin Street closer to customers’ operations. Bristol, CT 06010 USA T: +1 860 583 4646 • F: +1 860 589 5707 www.timesmicrowave.com E-mail: [email protected] Website: www.wireandplastic.com Page 3
BUSINESS & MARKET REPORT June 22, 2020 Kalas Receives Award from Caterpillar Notebook Kalas is honored to receive, from and continuous improvement. Kalas its valued partner, Caterpillar, the says it is grateful for the opportunity to HUBER+SUHNER & Bronze Level Supplier Quality Ex- service Caterpillar as a trusted member Bombardier Partnership cellence Process (SQEP) award in of its strategic supply plan, and it is with HUBER+SUHNER has been 2020. Kalas offers cable products pride that Kalas accepts this prestig- named as the preferred ca- that power Caterpillar equipment ious award and commits to upholding ble partner for Bombardier around the world and across a the standards which achieved it. Transportation as part of a new variety of vehicle platforms. five-year agreement, which The SQEP award recognizes Ka- www.kalaswire.com will extend the companies’ col- las’ dedication to providing supe- laboration to over 25 years. rior quality, and is only awarded to companies that demonstrate measur- HUBER+SUHNER will continue to able world-class performance on an provide RADOX® power, control ongoing basis. Each year, suppliers and communication cables to are evaluated with increasingly strict Bombardier’s existing rolling criteria for distinguishing outstanding stock and future global platforms. supplier quality performance, excep- tional service, delivery performance www.hubersuhner.com Superior Essex located at 10203 Wallisville Rd., Prysmian’s Contract Wins Communications awarded Houston, TX, USA. The facility is Prysmian Group won a contract for impact on IoT business just a mile down the road from the from Ailes Marines existing warehouse, which will be worth €80 million to Superior Essex Communications, retained. supply submarine inter-array ca- the leading manufacturer and sup- ble systems for the Saint-Brieuc Due to Priority Wire’s growth and offshore wind farm in France. plier of commu- to maintain its high service levels, Prysmian was also awarded a nications cable the firm needed the additional in- contract by Ariadne Intercon- in North America, has been recog- ventory space and cutting stations nection, worth €270 million for nized by the editors of IoT Evolution for both industrial and aluminum submarine interconnections World as a winner of the 2020 IoT building wire. The addition of this between the island of Crete and Business Impact Award. new warehouse results in over mainland Greece (Attica region) . This award honors the Internet- 2.4 million ft2 of warehouse space, And Prysmian has finalized a of-Things (IoT) companies and strategically located to allow the contract from Vattenfall, for sub- solutions that drive innovation and company to ship same day and de- marine inter array cable systems progress across the Industrial IoT, liver next day in most of the country. for the Hollandse Kust Zuid III Smart City and Machine-to-Ma- and IV offshore wind farm in The chine (M2M) sectors of the greater www.prioritywire.com Netherlands, IoT. According to the judges, the winners exhibited the industry ex- Pelican Wire adds www.prysmiangroup.com pertise and thought leadership to production equipment drive the IoT into the future as well as innovative approaches to provid- Pelican Wire has begun ing products, solutions and services upgrading one of its extru- to meet their customers’ needs. sion jacketing lines with a new capstan drive and wire www.superioressexcommunications.com take-up. The capstan drive will be Priority Wire opens a second warehouse in Houston Priority Wire & Cable has opened its new Houston Campus includ- ing a 25,000 ft2 Call Center, inside sales office and an extra 175,000 ft2 of warehouse space Page 4
BUSINESS & MARKET REPORT reconditioned by the Pelican Wire Kara, Fandrup will continue regain- June 22, 2020 maintenance department, which ing a satisfactory and sustainable has full in-house machine shop financial performance to position Notebook capabilities to tailor fit Pelican Wire’s NKT for the market opportunities custom needs. The benefits of the driven by the green transformation. NKT Wins Contracts new capstan include pneumatically in Greece & Denmark actuated safety guarding and a www.nkt.com five-fold cooling capacity increase, NKT has secured a supply con- for a potential throughput increase Luvata Group renames tract with 1000 MW and reduced stress on the product, parent company Luvata Oy Attica-Crete inter- therefore improving product quality. Luvata, Pori, Finland, a group connector project owner Ari- The benefits of the wire take-up company of Mitsubishi Materials adne Interconnection S.P.S.A., include improved safety guarding a wholly-owned entity of Greek and tension control, and increased Corp., announces Transmission System Operator, reel capacity. The new set replaces it is renaming its IPTO. The contract is worth some existing equipment and reduces parent company, Luvata Oy, which €115 million (DKK 860 million). space requirement by some 30%. replaces the previous name, MMC NKT has also been awarded the Copper Products Oy, used since the order for 135 km of 72 kV XLPE www.pelicanwire.com acquisition of the Group by Mitsubi- power cable to connect the Dan- shi Materials Corp. in May 2017. ish solar farm Vandel III to the NKT appoints Line Luvata Oy is a name change only. power grid. For NKT, the project Andrea Fandrup as CFO The Group’s legal structure, corpo- win marks one of its largest or- rate identity and the official names ders in the solar power industry. The NKT Board of Directors has of its 12 locations are unchanged. appointed Line Andrea Fandrup, The Group’s headquarters will www.nkt.com Executive Vice President and Chief reflect this new name: Luvata Oy, Financial Offi- Kuparitie 5, FI-28330 Pori, Finland. Nexans Lands Contracts cer (CFO) of NKT Jussi Helavirta, President/CEO, in Scotland & Greece and NKT A/S. says, “The name change to Luvata She will join NKT Oy will have no impact on orders, Nexans, Paris, France, has been from Rockwool deliveries or importance we place awarded a major contract by no later than on these customer relationships.” SSE Renewables to November 1, 2020, and brings www.luvata.com design, manufac- insights in Finance, Treasury and In- ture and install the high-voltage vestor Relations to her new position. USITC: Rod & Strand Dumping (HV) onshore and offshore export The U.S. International Trade Com- cables for the Phase 1 develop- NKT Board Chairman, Jens Due ment of the Seagreen offshore Olsen, says, “With the appointment mission (USITC) determined that wind farm project in Scotland. of Line Andrea Fandrup as CFO, revoking the existing antidumping Nexans has also won a major we onboard a profile with a strong and countervailing duty orders on contract to design, manufacture international business approach imports of carbon and certain alloy and install a 335 km subsea high and who has come from listed and steel wire rod from China would voltage direct current (HVDC) ca- privately held companies that have be likely to lead to continuation or ble system for Ariadne Intercon- successfully completed finance recurrence of material injury within nection S.P.S.A, owned by IPTO, transformation processes similar to a reasonably foreseeable time. As Greece’s state grid operator. NKT’s. Together with CEO Alexander a result, the existing antidumping and countervailing duty orders on www.nexans.com You need it—We have it! imports of this product from China 802.773.9111 will remain in place. The Only Partner You Need for www.carris.com Also, the USITC has determined Fluoropolymer [email protected] that there is a reasonable indication Compounds & Resins that a USA industry is materially injured by reason of imports of pre- Get any filled PTFE stressed concrete steel wire strand or melt processable from Argentina, Colombia, Egypt, compound – anywhere in the world. AGC wsupwporwts y.aougwcitchh: em.com Page 5 • Compounds customized to your specific needs • Patented compounding processes • A state-of-the-art technology center
BUSINESS & MARKET REPORT June 22, 2020 IWMA Launches New Website & Branding The International Wire Machinery IWMA’s 50 year Notebook Association (IWMA) in the UK is ex- history, read the Tim King to President cited to launch to its members, a brand WCN magazine at Southwire Canada new website and new branding. and get in touch Southwire Company, LLC, Car- rollton, GA, USA, announces that While the world has been on pause with the staff, Tim King has accepted the role of tackling a global which is here to help in any way it can. President of South- pandemic, IWMA Coming soon, in phase 2 of the launch, wire Canada. He has been working will be the new members area, along- will lead the com- side a new on-line booking and pay- pany’s Canadian- hard, from home, on increasing the ment system and a more in depth based organization benefits to its members through the membership directory. located at Southwire Canada’s launch of its new website and visual headquarters in Mississauga, Ontario, Canada. Most recently, transformation. Learn more about IWMA’s rebrand at King served as Director of Fi- nance, HR and Administration for Wire and Cable Wire and CabWith the first phase of IWMA’s new Southwire Canada. He also held finance, operations, marketing website, visitors will be able to navigate and sales positions with Eaton seamlessly through IWMA’s upcom- Corp. and PPG Industries. the IWMA website. IWMA is excited about what the future holds for the asso- www.southwire.com ciation and can’t wait to share it with you. www.iwma.org GKN Aerospace & Eviation Customized CompoundCsustomized Cing exhibitions, to find out more about Collaboration Agreement Indonesia, Italy, Malaysia, Neth- shares at a price to the public of erElaCnCdosf,feSrsautodtiheAwrairbeiaan, dScoaubtlhe mAaf-rketUaSb$r1o0a0d/psohratfroelio,ECaofnCdoftfoergsetothtehre wirtehand cable A collaboration between GKN Utrhickucvaaourttia,llsitazaitSnoergpemedeaaifazfionlleanlre,dmdmTgaeeeeUliaddrwnesiluitayttaomensrmdd/o,haeTliAdgnurihtrcnianaiovsbpotrihpalpEtela,iomcgTUlayueitorSiroaalAkenstefesaiynws,tinebclallusatohhedsraeddincsiegconogr:ratmdarraiiynpnnosalotuhrewnyaddrsseuhvucsoauntiollsrditzaetfoeefgsemdrerwoiifzfnoflreafrgiedtmm,erieearnesladgr3esi.ou0ttaomAf-rmdpd/thhaaetiiegnvyrihtcaovporplptlaiocglayetoioale Aerospace and Eviation involves odmpeortirwoenroitterodrspinuoarfrcythhsaehsaEEeprPlraueeRspsfte,oCtraomronee1mdd,r9pict7soh,6huCen,ar0udor2esns4ss-linkable, design and manufacture of less tEhPaRn Cfaoirmvpaoluunedasnd subsidized offering, a 30-daaynodpTthioernmtooplpasutric- Compoun wings, empennage and electri- abfirymretahsEateuilnvaldetgstTooodhmvfeeetetrhremrniercomm,pCCeilnaornosamtstticsimooliCfnniksosTasum, birtoplkheonee,u’ysn.UdaA.sSfs-. DepaFlratmmeeRnet taorfdaCnot amndmHearlcoegewn Filrlee Cchoamspeouupndtos anaddFilatiomneaRl 1e,5ta0rd0a,0n0t a0nd Halogen cal wiring inter- contiMnuoeistwuriethCirtossasnlintikdaubme Cpionmgpaonundds shares, to cover oMveori-satullroetmCreonsstsli.nkabe Compo connection sys- www.apFtiRv.cMoamsterbatches tems for Alice, counFteRrvMaailsintegrbdatucthyesinvestigations LEONI adjusts BIonsaurldati on, Jacketing, the ground- concIenrsnuilnagtioinm, Jpaocrktsetionfgt,his product structure to leaneanrdoBrgeaddninizgaCtioomnpounds breaking regional electric air- from afnrod mBedthdeingnCaommepdoucnodusntries, craft launched by Eviation. The with its preliminary countervailing Alice will make journeys of up duty determination due on July 10, As part of its comprehensive to 650 miles more sustainable. 2020, and its antidumping duty transformation, LEONI AG’s Super- The collaboration shows GKN visory Board re- Aerospace’s increasing focus determinations due on September on environmental sustainability. cently changed the www.gknaerospace.com 23, 2020. www.usitc.gov structure of the Board of Directors to Aptiv PLC prices share offerings give those responsible more flex- Aptiv PLC announced the pricing ibility, speed up decision-making of concur1r0e8ntRoaffdeorinDgrsivoef, 1N3a,1u7g3a,4tu9c5k, CpTro0c6e7s7s0eUs SaAnd prom1o0te8 aRnadeonDtreri-ve, Naugat ordinary shares atTael:p+r1ic2e0t3o-7t2h3e-25p90reneurial attitude within the grouTpe.l: +1 203-7 public of USw$7w5w.9.E1/leocrdtriincCarayblsehCaorme pounds.com www.ElectricCableC and 10,000,000 5.50% Series A mandatory convertible preferred Quality Compounding for Quality Compounding for the Wire & Cable Industry the Wire & Cable Industry TOTAL PRINTING SOLUTIONS 108 Rado Drive, Naugatuck, CT 06770 108 Rado Drive, Naugatuck, CT 067 Tel: +1 203-723-2590 Tel: +1 203-723-2590 GEMGRAVURE.COM 781.878.0456 www.ElectricCableCompounds.com www.ElectricCableCompounds.com Page 6
BUSINESS & MARKET REPORT WireMasters Wins BAE Systems Supplier Award June 22, 2020 WireMasters, Columbia, TN, USA, BAE Systems’ Partner 2 Win program Notebook won a Bronze Tier Award is designed to achieve Belden: Executive Changes for exceptional perfor- operational excellence and & New Redistributor Partners Belden Inc., St. Louis, MO, USA, mance and contributions eliminate defects in its sup- has announced that John Stroup, previously President, CEO and to supply chain success ply chain by raising the bar Chairman of the Board, has been appointed Execu- in 2019 for BAE Systems’ of performance expecta- tive Chairman, and Roel Vestjens, pre- Electronic Systems sector. WireMas- tions to meet the demands of current viously Executive VP/COO, has been ters was selected from over 2200 sup- and future customers. As part of the promoted to Presi- dent/CEO and ap- Roel Vestjens pliers that worked in the sector in 2019. program, BAE Systems meets regularly pointed to the Board of Directors. Belden has also announced the WireMasters CEO, David C. Hill, with its suppliers at their locations to appointment of OmniCable and WireXpress as premier redistrib- said, “It is an honor and privilege for transfer best practices to ensure that utor partners in the United States. WireMasters to receive this award. the components and materials that investor.belden.com We are grateful to BAE Systems for its compose BAE Systems products meet CRU Wire & Cable 2020: Now a Virtual Conference continued partnership and look forward the highest quality standards. www.WireMasters.net CRU says the world faces an to additional successes in the future.” unprecedented challenge, and it is imperative that the wire S ales & Ne t Income Table Net Income and cable industry responds to today’s unique challenges and Company Sales %∆ (Net Loss) %∆ understands its role in the global recovery. To guarantee safe par- Houston Wire & Cable Company 84 -2 0.5 -76 ticipation from around the world and across the Nortech Systems Incorporated 27 -2.6 0.1 138 supply chain, CRU announc- RF Industries, Ltd. 10 -24 (0.2) -117 es the first CRU Wire & Cable Latest Quarterly Sales/Net Income data in US$ millions. % ∆ relative to 2019 quarterly data. 2020 Virtual Conference: The role of the wire and cable industry in As CEO, Aldo Kamper will be in jor impact on Hexatronic’s earnings. the road to recovery, taking place charge of operational manage- www.hexatronicgroup.com July 22 to 23, 2020. ment/strategic direction. As CFO, Ingrid Jägering is responsible for Updated test methods for events.crugroup.com financial management. Hans- NEMA cable industry standard Joachim Ziems will continue as Chief Restructuring Officer). Martin NEMA standard test methods Stüttem remains in charge of WSD for extruded dielectric power, con- operational matters as its COO and trol, instrumentation and portable will be leaving the Board. Bruno cables have been updated—a Fankhauser has also left the Board vertical flame test (single-wire) was and will be CEO of the WCS division. added and a tensile strength test was revised. Industries covered are www.leoni.com utility, industrial and commercial. Hexatronic acquires Tech Optics www.nema.org Hexatronic Group AB will acquire Quarterly Dividends Report... all shares in UK-based Tech Optics Ltd., a fiber optic products supplier • Encore Wire Corp., McKinney, TX, USA, has and cable assembly producer that announced a US$0.02/share dividend, paid specializes in harsh environment on July 17, 2020, to holders of record at close of applications. Tech Optics is an ap- business, July 2, 2020. www.encorewire.com proved supplier to the UK defense • Insteel Industries, Inc., Mount Airy, NC, USA, industry. The acquisition has no ma- has announced a quarterly cash dividend of US$0.03/share on common stock payable, June 26, 2020, to holders of record, June 12, 2020. insteelgcs.gcs-web.com Drawing Lines for Nonferrous/Ferrous • Extrusion Systems and Tooling for Phone: Annealers • Insulating/Jacketing Lines • the Wire and Cable Industry +1 973 402 4098 Sheathing Lines • Payoffs/Take-Ups • Technology that modernizes plant efficiency www.simpacks.com Spoolers • Coilers • Bunchers • More with increased productivity, reduced scrap Page 7 T: +1 301 223 8584 and quality that meets and exceeds F: +1 301 223 8542 www.sampsistemi.com www.tipsanddies.com [email protected] 505 Mill Street, Rome, NY 13440 Phone: 315-337-4161
EVENTS & OPPORTUNITIES Wire & Cable Guangzhou ing the event is the best decision for June 22, 2020 Confirms November Date all of those involved. EVENTS Following the announcement from “The health, safety and well-being the Chinese State Council about the of the show’s sponsors, attendees, July 22 – 23, 2020 exhibitors, speakers and staff is the CRU Wire & Cable 2020 Virtual Conference gradual resump- primary concern to M-EXPO,” said events.crugroup.com tion of large-scale David Bergman, WHMA Executive events nationwide, the organizers of Director. “Given the public health September 23 – 26, 2020 Wire & Cable Guangzhou, the larg- emergency we are currently facing, wire China 2020 est event of its kind in South China, we believe the only action at this time Shanghai, China have secured new dates for the 2020 is for M-EXPO 2020 to be postponed.” www.wirechina.net edition. The fair, originally scheduled www.mdna.com in May, was postponed due to the M-EXPO looks forward to show- COVID-19 pandemic and will now be casing your latest wire and cable pro- October 2020 held from November 9 to 11, 2020, cessing equipment, tools, materials IWCS 2020 Cable & Connectivity Symposium at the China Import and Export Fair and technologies to Mexico next fall. www.iwcs.org Complex, Guangzhou, China. www.wire-cable-china.com For more ON M-EXPO and TO stay October 14 – 16, 2020 - POSTPONED up-to-date on next year’s event, visit: M-EXPO Wire Processing Technology 2020 M-EXPO Wire Processing Juarez, Mexico Technology Event Postponed www.mexpowire.com www.mexpowire.com The 4th Annual M-EXPO Wire Pro- Polymers in Cables US 2021 October 26 – 28, 2020 cessing Technology event, produced CRU 2020 World Optical Fiber & Cable by WHMA/IPC, has been postponed AMI’s Polymers in Cables US 2021 Milan, Italy due to COVID-19 and events.crugroup.com the uncertainty of the conference takes place February 2 to situation in the fall. November 9 – 11, 2020 The October 14 to 16, 3, 2021, at the Kimpton Tryon Park Wire and Cable Guangzhou 2020, event will now Guangzhou, China take place next fall in Hotel, Charlotte, NC, USA. Delegates www.wire-cable-china.com Ciudad Juárez, Chihuahua, Mexico, pending improved conditions. are responsible for arranging their December 7 – 11, 2020 wire 2020 The health and welfare of all the own hotel accommodation while Düsseldorf, Germany M-EXPO participants as well as local, www.wire-tradefair.com national and international communi- attending the conference. AMI has www.mdna.com ties at large, are our highest priority. For the past several weeks, M-EXPO negotiated a room rate of US$209 February 2 – 3, 2021 and WHMA/IPC have been closely Polymers in Cables monitoring the COVID-19 situation plus tax/night at the Kimpton Tryon Charlotte, NC, USA and feel it is now clear that postpon- Park Hotel for attendees who makeConference www.ami.international/events USA February 16 – 18, 2021 WHMA Annual Wire Harness Conference www.ami.ltd/cables-USA-attend Tucson, AZ, USA annualconference.whma.org reservations by March 3 – 4, 2021 January 8, 2021. Argus Advanced Wire & Cable NSAoVErt$h30A0*merica Atlanta, GA, USA Book your ac- www.arguAbpwosroihlmke1nb7,eye2foo0urd2e0ia.com/acna commodation by phone at +1 800Exploring trends and innovations March 25 – 27, 2021 in polymeric material solutions wire India Mumbai, India 368 2544. Please state that you www.wire-india.com www.mdna.com will be attending AMI’s Polymers in Subscribe @ www.wiretech.com/overview.asp May 10 – 13, 2021 Cables US 2021 conference. Interwire 2021 Atlanta, GA, USA Please do not accept offers from www.interwire21.com companies claiming to be calling May 11 – 13, 2021 Electrical Wire Processing Technology Expo on behalf of AMI to help you book Milwaukee, WI, USA www.electricalwireshow.com your hotel. We do not book accom- June 8 – 10, 2021 modation on behalf of attendees and wire Russia 2021 Moscow, Russia recommend you book directly with www.wire-russia.com the hotel as above. www.ami.international Sponsored by: Media supporter: NIEHOFF ENDEX Bringing the plastics industry together. *Discount cannot be retrospectively applied or used in conjunction with any other offer North America @Contact_AMI #AMICablesUS Your Worldwide Partner For Non Ferrous Wire Processing Equipment 1 Mallard Court, Swedesboro, NJ 08085 USA Tel.: 856.467.4884 [email protected] Fax: 856.467.0584 www.Niehoff-USA.com Page 8
Search
Read the Text Version
- 1 - 8
Pages: