WCA November 2012

Industry news

GCR Eurodraw has completed and commissioned a plant for the production of 9,000 tons per year of saw wire at Sichuan Ruiyu Photovoltaic Materials Co Ltd, in Sichuan Province, a company of ReneSola Group. ReneSola is a leading manufacturer of solar wafers and provider of solar module OEM services. Its solar products include virgin polysilicon, monocrystalline and multicrystalline solar ingots and wafers, photovoltaic (PV) cells and modules. Innovative technologies, a reputation for quality and reliability, and expanded operational capabilities have helped the company develop a diversified customer base of leading solar companies while allowing capture of new growth opportunities. Concurrently, ReneSola has developed new G6 multicrystalline furnaces based on G5 ones, which further improves the production capacity of the silicon wafers. GCR designs and manufactures machines and equipment, processing lines as well as complete plants for the steel wire industry including ‘turnkey’ projects, all related to the cold process, that is downstream of the hot rolling mills. As well as covering dry and wet drawing, coating lines, stranding and cabling, GCR Eurodraw can provide technical and technological services, know-how and manufacturing technology, training of personnel, supervision of installation and start-up and technical assistance services. ReneSola Saw wire plant is commissioned in China Nexans buys Shandong Yanggu Nexans, a worldwide leading expert in the cable industry, has bought a 75 per cent stake in the Shandong Yanggu New Rihui joint-venture, alongside its historical shareholder. This acquisition gives Nexans a strategic footprint in the rapidly growing Chinese Energy Infrastructure market. The transaction values the business (100 per cent basis) at approximately 1,240 million RMB (approximately €156 million) on an Enterprise Value basis.

Nexans – France Website : www.nexans.com

GCR Eurodraw SpA – Italy

Website : www.gcrgroup.com

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Wire & Cable ASIA – November/December 2012