WCA January 2008

Industry news

Two appointments to executive board

Murray International Holdings (MIH) has announced two senior appointments. Chief Executive of Murray Metals Group, Graeme Hill, and Head of Legal, David Horne, have both joined the executive board. Hill is the chief executive of the Murray Metals Group which he joined in 1988. Since his appointment as chief executive in 2005 he has reshaped MMG and substantially increased turnover and profit. Multi-million dollar mill for India To meet increased demand for steel in the local market, Visakhapatnam Steel Plant (VSP) has awarded Morgan Construction Company a multi-million dollar contract to build a complete two-strand wire rod mill in Visakhapatnam, in the state of Andhra Pradesh, India. The government-owned mill will produce 600,000 metric tons of special quality wire rod, ranging from 5.5mm to 20mm in diameter, for the auto-mobile, fasteners and wire drawing industries. To design and build the mill on a greenfield site, Morgan is leading a consortium of partners which include Morgan India, Stein Heurtey India, and MECON Ltd, a government of India enterprise.

Horne is the MIH Group Company Secretary and Head of Legal and joined MIH in 1993. He has successfully managed the Group’s legal function over a number of years. He was the first in-house lawyer to be named Scottish Corporate Lawyer of the Year in 2005.

Murray International Holdings – UK Fax : +44 131 317 7111 Email : info@murray-international.co.uk Website : www.murray-international.co.uk

Hot commissioning of the mill will be in 27 months. Much of the new mill’s high-speed equipment will be sourced from Morgan’s Worcester facility. “This mill will complement a four-strand Morgan rod mill built for VSP in the mid-1980s,” says Mark Shore, vice president, rolling mill sales and proposals. “It stands as a large component of VSP’s 6.3 million ton expansion project.” Growth in Indian steel production is projected to increase from nearly 50 million tons per year today to 120 million tons by 2015, with further annual estimates growing to 200 million tons by 2020.

Morgan Construction Co – USA Fax : +1 508 755 6140 Email : sales@morganco.com Website : www.morganco.com

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Wire & Cable ASIA – January/February 2008