EoW March 2010

corporate news

Tyre cord acquisition Bekaert, producer and supplier of drawn wire products and advanced coatings, announced in February the acquisition of two Bridgestone tyre cord plants and a multi-year supply agreement. The integration of the plants is planned to strengthen Bekaert’s position in the tyre cord market, while the long-term supply agreement further enhances Bekaert’s status as an important external supplier of tyre cord to Bridgestone. Bekaert – Belgium Website : www.bekaert.com

Agreement signed Fushi Copperweld, Inc, a

Taihan Electric sells Prysmian stake South Korea’s Taihan Electric Wire has raised about 400 billion won ($348 million) from the sale of its stake in Italian cable maker Prysmian SpA. Taihan said in a statement that the 9.9% stake in Prysmian was sold to overseas institutional investors in a block deal. It is selling non-core assets including stakes in other firms to reduce its debt level. Taihan ElectricWire – Korea Website : www.taihan.com

global

manufacturer of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other electrical applications, has announced that its subsidiary, Fushi International (Dalian) Bimetallic Cable Co Ltd has entered into a definitive agreement to acquire Dalian Jinchuan Electric Cable Co Ltd for approximately $10.2 million. Fushi Copperweld Inc – China Website : www.fushicopperweld.com and innovator

WCMA’s 2010 Distinguished Career awards The Wire & Cable Manufacturers’ Alliance has announced the recipients of its 2010 Distinguished Career award. Cable; Ken Tober, sales manager Wire & Cable, Daikin America, Inc; Stanley Trykowski, senior research chemist, S & E Specialty Polymers, and Janis Webb, North American sales manager cabling solutions, DuPont.

The 26 th annual Awards Dinner and Investiture ceremony will take place on 24 th April in Hartford, Connecticut, at the Connecticut Convention Center. The recipients will be Thomas Lascoskie, plant manager at New Holland, Berk-Tek, a Nexans company; Mike Murphy, vice president, sales Isotec and Gepco Brand Products, General Cable; Paul Palmer, chairman (retired), of Chromatics, Inc; Lori Parent, strategic accounts manager for wire and cable, Breen Color Concentrates Inc; Ron Reed, president, Horizon Wire &

The late Dick and Harriet Callahan, founders of the Wire & Cable Clubs of America, started the tradition of recognising industry professionals in 1985. Following a nomination process, a selection committee of over a hundred previous award recipients vote on the candidates. Wire & Cable Manufacturers’ Alliance – USA Website : www.wcmainc.org

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EuroWire – March 2010