EoW May 2011

corporate news

Record sales of nearly €3bn

CerroWire has hired Todd DeRaps, national contractor relations manager, to build relationships that will enhance better proposition in lowering their costs, in developing new products and services to enhance their business success and to partner in project businesses. Mr DeRaps, who is based in Gilbert, Arizona, brings more than 20 years of success in the outside sales of electrical, telecommunication and networking products.
 DeRaps’ 20 years’ experience understanding of Cerro’s value Switzerland-based Kistler has developed a new range of indirect mould sensors which come with a single-wire, replaceable cable. Kistler says the single wire simplifies mould manufacturing, as only a single bore hole is needed for the cable. In addition, several cables can be threaded down a single bore meaning the sensor is ideal for multi-cavity mould applications. New range

preliminary figures, being again below equity at yearend for the first time since the onset of the economic crisis. Leoni reaffirms its sales forecast of more than €3.1 billion for the 2011 financial year. The company is confident of generating further, significant increases in earnings. The recent impairment of production and logistics at the facilities in Tunisia and Egypt will, as it stands today, not result in any material financial burden.

wiring systems for vehicles in the BRIC countries, as well as the USA, merits particular mention. Likewise in terms of earnings before interest and taxes (EBIT) Leoni succeeded, with a figure of about €131 million (previous year: loss of €116 million), in clearly beating its most recent target of €120 million. Further restructuring charges incurred in the fourth quarter are already absorbed in this result. Leoni managed to significantly exceed its target of at least neutral free cash flow. Consequently, net debt could be reduced by around €50 million according to

Leoni, the leading provider of cables and cable systems to the automotive sector and other industries, generated record sales of some €2.96 billion (previous year: €2.16 billion) in the financial year 2010, according to preliminary calculations. Apart from a further increase in the copper price, the forecast figure of about €2.8 billion was substantially exceeded thanks to a dynamic uptrend in demand from both the automotive industry and all other pertinent markets up to the end of the year. The very strong increase in sales of cable harnesses and

Leoni AG – Germany Fax : +49 911 2023 455 Email : info@leoni.com Website : www.leoni.com

Bigger directory for wire and cable

Industrial Leaders, the original vertical American Industrial Directory and innovator of the B2B network Industrial Leaders Group (ILG), has launched its newly designed and larger cable and wire directory at www.dir.industrialcoop.com ILG said the wiring and cabling products offered on the site include bulk, flexible, custom and standard (OEM) wire, low and high voltage, shielded, copper, high temperature, bare, Teflon®, electroluminescent, extra thin, automotive wire harnesses, heavy duty, rubber coated, precision, lock and galvanised wire, as well as custom cable, coaxial, delay, pulse, high temperature cable, twin axial, fibre optic, fibre channel, fieldbus, mechanical control, extra large cables and other types. According to Industrial Leaders spokeswoman Iris Kurt, the cable and wire manufacturers on the site serve a wide range of industries and applications such as general manufacturing, material handling, construction, computer, electrical and electronic, winches, telecommunications, automotive and other wire and cable markets at www. foreigntradeexchange.com/suppliers/cable_wire. html Kurt said ILG and its network recently added over 40 domestic and international designers, manufacturers and other suppliers of wire rope, power cable and ties, electrical building wire (US

▲ ▲ The Industrial Leaders’ website with additional wire and cable companies added

and foreign standards), stainless and copper wiring, complete automotive wire harnesses as well as a variety of industrial, networking, high temperature, telecom, flat, multiconductor, triaxial and coaxial cables and assemblies. Industrial Leaders – USA

Email : info@industrialleaders.com Website : www.industrialleaders.com

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EuroWire – May 2011