EoW January 2008

english corporate news

Jobs go as Carrington Wire closes Cardiff site Up to 120 jobs were affected when Carrington Wire closed its Cardiff site at the end of December.

The company – which accounts for some 30% of the UK’s wire and wire products market – is blaming competition from abroad for the decision to close the Cardiff site after 20 years. UK operations will continue from Leeds. Part of the Severstal Group, Carrington Wire began the 90-day consultation period in June and has since been working with unions and training companies to help workers. Some Cardiff workers were expected to be offered positions at the Leeds site. Carrington has customers in more than 50 countries worldwide in the construction and automotive industries. “This operational restructuring is necessary for Carrington Wire Limited to strengthen its presence in increasingly competitive markets,” said Andrew Parker, chief executive. “The objective of group corporate strategy is to ensure sustainable and profitable growth.” In terms of ensuring a smooth transfer, Mr Parker advised that “the business is developing customer teams that will oversee the transfer programme, covering all aspects of the business. Customers will be fully briefed throughout the programme. “Their ongoing confidence in us is our utmost priority and I am confident that customer impact will be minimal.” Mr Parker expressed his “respect and gratitude for the professional manner in which the Cardiff colleagues continue to conduct themselves; their knowledge, commitment and work ethic continues to provide a benchmark for the group.” CarringtonWire Ltd – UK Fax : +44 1422 315100 Email : info@carringtonwire.com Website : www.carringtonwire.com corporate at a glance

Carrington Wire’s Cardiff site

▲

Nexans will supply 70km of subsea power cables for the Danish offshore wind farm, Horns Rev 2, to be completed by summer 2009.

Eurolls its 20 th anniversary with a spectacular party at Castle of Spessa, in Friuli Venezia Giulia, Italy. celebrated

Full story inside.

Full story inside.

More than 7,000 trade visitors attended wire and

State-of-the-art facilities are the name of the game as Process Control Corporation opens its first site in Guangzhou, China.

Tube Southeast ASIA in October, making Bangkok THE hottest place to be in the industry.

Full story inside.

Full story inside.

EuroWire – January 2008