EoW May 2010

corporate news

Keir Manufacturing Inc has completed the acquisition of the wire products business unit of Kamatics Corporation, a Kaman company. All wire products production will be relocated from Bloomfield, CT to the Keir Manufacturing facility and headquarters in Brevard, NC. The purchase includes all assets and intellectual property of Kamatics wire products business only. Kamatics has designed and produced composite flyer bows for twenty years, introducing composite flyer bows in 1990 and later combining aerospace proven materials with triaxial braiding, to produce superior strength and durability in a lightweight structure. In 2005 Kamatics introduced the BackBone® flyer bow design to the industry. Keir is an American-based manufacturer of engineered technical ceramic products. Keir’s products for the worldwide wire and cable industry include high purity ceramic guides, and the Frontiersman line of air wipes. DavidWatkins, president of Keir Manufacturing, is very optimistic about the acquisition and business outlook in general. “The Kamatics composite flyer bow acquisition combines two highly regarded manufacturers with brand name recognition into one company… and greatly broadens our state-of-the-art technical product offering.” Keir Manufacturing Inc – USA Fax : +1 828 884 7494 Kamatics acquisition confirmed China’s February refined copper imports increased by 12 per cent over January as demand improved and scrap supply fell. According to the Beijing-based customs office inbound shipments were 220,530 metric tons, up from 196,926 tons in January and down 19 per cent from the same month last year. Chinese after-tax copper prices have traded at a premium to those in London for most of this year, according to calculations released by Bloomberg. The premium was around 500 yuan ($73) a ton on 19 th March, down from this year’s high of 3,000 yuan in February. China imported 276,634 tons of scrap copper in February, customs confirmed, down from 337,443 tons the month before. A shortage of scrap will generally lead to a higher demand for the refined metal. China’s imports of aluminium, lead, zinc and nickel all decreased from a month earlier, customs data show. Shipments of primary aluminium and refined zinc dropped by 52 per cent, lead by 73 per cent and nickel by 25 per cent. Refined copper imports in China increase 12 per cent in February

Email : sales@keirmfg.com Website : www.keirmfg.com

reach over 18,000 readers in 89 countries – in print and online

14

EuroWire – May 2010