EoW November 2012

News Corporate

ReneSola Saw wire plant commissioned in China

SMS in control The SMS group took over 59.1 per cent of the shares in Paul Wurth SA, Luxembourg, that were previously owned by ArcelorMittal and the Luxembourg fund Luxempart. 40.8 per cent of the shares remain with the Luxembourg shareholders controlled by the state. The purchase is still subject to review and approval by the anti-trust authorities. Paul Wurth will continue to operate as a self-standing corporation within the SMS group. With more than 1,600 employees and 27 subsidiaries, it ranks among the world’s leading suppliers of blast furnaces, coking plants, and green technology for metallurgical plants. With more than 11,000 employees, the SMS group generated sales of around €3 billion in 2011. Led by SMS Holding GmbH it is a group of global players in plant and machinery construction for steel and non-ferrous metals processing. SMS Holding GmbH – Germany Website : www.sms-group.com

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 also provide technical and technological services, know-how and manufacturing technology, training of personnel, supervision of installation and start-up, and technical assistance services. EuroWire – the most important source of information in the wire and cable industries – has launched its new multi-media website. The site, at www.read-eurowire.com, brings you the latest news from around the world, videos, and can be read on PC, tablet or your mobile phone. New website launch GCR Eurodraw SpA – Italy Website : www.gcrgroup.com

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

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www.read-eurowire.com

November 2012