EoW January 2010

corporatenews

New premises and capacity for Kiswire Kiswire is building a new plant for the production of very large wire ropes for offshore and mining applications. The Neptune 2 plant is located in Tanjung Langsat, on the east coast of Johor, Malaysia and will be operational in the summer of 2011. The equipment installed is capable of manufacturing wire rope units up to 600 metric tonnes in non-rotating, multi-strand constructions. The output capacity of Neptune 2 will be 25,000 metric tonnes per annum, in addition to the existing Neptune 1 plant output of 25,000 metric tonnes each year. With this investment Kiswire plans to service even the most extreme wire rope needs of the offshore and mining market. UK wire products industry review 2009 Plimsoll has published a review of the UK wire products industry, reflecting on the last twelve months and looking forward to the challenges and opportunities of 2010. The report claims that some 49 com- panies in the market are finishing the year in financial difficulty. However, among the gloom there have been some outstanding performers. David Pattison, author of the review, says, “A number of companies have managed to improve their performance in the last year. They are part of a band of 101 companies that prove success can still be achieved in the wire products industry despite difficult trading conditions.” Summing up, the new 2010 edition of the Plimsoll Industry Analysis shows a buffeted market emerging from recession with a third of companies making a loss and one in three companies in financial difficulty. Pattison adds, “If you are going to make a success of 2010, you need to learn the lesson of 2009.” Plimsoll Publishing Ltd – UK Fax : +44 1642 626410 Email : enquiries@plimsoll.co.uk Website : www.plimsoll.co.uk Kiswire Ltd – Korea Fax : +82 2753 5323 Website : www.kiswire.com

Kiswire is to open a new production ▼ ▼ facility for wire rope

13

EuroWire – January 2010