EoW May 2011

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EuroWire – May 2011 10
corporate news
Leoni, the leading provider
of cables and cable systems
to the automotive sector and
other industries, generated
record sales of some €2.96
billion (previous year: €2.16
billion) in the financial year
2010, according to preliminary
calculations.
Apart from a further increase in
the copper price, the forecast
figure of about €2.8 billion
was substantially exceeded
thanks to a dynamic uptrend
in demand from both the
automotive industry and all
other pertinent markets up to
the end of the year.
The very strong increase in
sales of cable harnesses and
wiring systems for vehicles
in the BRIC countries, as well
as the USA, merits particular
mention.
Likewise in terms of earnings
before interest and taxes (EBIT)
Leoni succeeded, with a figure
of about €131 million (previous
year: loss of €116 million), in
clearly beating its most recent
target of €120 million. Further
restructuring charges incurred
in the fourth quarter are
already absorbed in this result.
Leoni managed to significantly
exceed its target of at least
neutral free cash flow.
Consequently, net debt
could be reduced by around
€50 million according to
preliminary figures, being again
below equity at yearend for the
first time since the onset of the
economic crisis.
Leoni reaffirms its sales forecast
of more than €3.1 billion
for the 2011 financial year.
The company is confident of
generating further, significant
increases in earnings.
The recent impairment of
production and logistics at the
facilities in Tunisia and Egypt
will, as it stands today, not
result in any material financial
burden.
Leoni AG – Germany
Fax: +49 911 2023 455
Email:
Website:
Record sales of
nearly €3bn
CerroWire has
hired Todd DeRaps,
national contractor
relations
manager, to build
relationships that
will enhance better
understanding
of Cerro’s value
proposition
in lowering
their costs, in
developing new
products and
services to enhance
their business
success and to
partner in project
businesses.
Mr DeRaps, who is
based in Gilbert,
Arizona, brings
more than 20
years of success
in the outside
sales of electrical,
telecommunication
and networking
products.
DeRaps’
20 years’
experience
Switzerland-based
Kistler has
developed a new
range of indirect
mould sensors
which come with
a single-wire,
replaceable cable.
Kistler says
the single wire
simplifies mould
manufacturing,
as only a single
bore hole is
needed for the
cable. In addition,
several cables
can be threaded
down a single
bore meaning the
sensor is ideal
for multi-cavity
mould
applications.
New range
Industrial Leaders, the original vertical American
Industrial Directory and innovator of the B2B
network Industrial Leaders Group (ILG), has
launched its newly designed and larger cable and
wire directory at
ILG said the wiring and cabling products offered
on the site include bulk, flexible, custom and
standard (OEM) wire, low and high voltage,
shielded, copper, high temperature, bare, Teflon®,
electroluminescent, extra thin, automotive wire
harnesses, heavy duty, rubber coated, precision,
lock and galvanised wire, as well as custom cable,
coaxial, delay, pulse, high temperature cable,
twin axial, fibre optic, fibre channel, fieldbus,
mechanical control, extra large cables and other
types.
According to Industrial Leaders spokeswoman Iris
Kurt, the cable and wire manufacturers on the site
serve a wide range of industries and applications
such as general manufacturing, material handling,
construction, computer, electrical and electronic,
winches, telecommunications, automotive
and other wire and cable markets at www.
foreigntradeexchange.com/suppliers/cable_wire.
html
Kurt said ILG and its network recently added
over 40 domestic and international designers,
manufacturers and other suppliers of wire rope,
power cable and ties, electrical building wire (US
and foreign standards), stainless and copper wiring,
complete automotive wire harnesses as well as a
variety of industrial, networking, high temperature,
telecom, flat, multiconductor, triaxial and coaxial
cables and assemblies.
Industrial Leaders – USA
Email:
Website:
Bigger directory for wire and cable
▲ ▲ The Industrial Leaders’ website with additional wire and
cable companies added