EuroWire January 2015

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News
Corporate
January 2015 22
Refractron’s Izory® rolls and rings are a trusted tool for drawing
non-ferrous wire.
Izory is Refractron’s magnesia partially stabilised zirconia (MgPSZ).
This may also be described as transformation toughened zirconia
(TTZ). The proprietary formula, powder processing expertise and
unique firing cycle creates outstanding mechanical properties that
differentiate Izory.
Izory has exceptional fracture toughness, which is durable enough
for the machining and polishing required for manufacturing
engineered parts. While Izory® is renowned for its fracture
toughness, it is the combination of toughness, hardness, strength
and corrosion resistance that makes it a choice for wire drawing
parts.
Izory has a proven track record as a long lasting material for
manufacturing premium wire. It is specified for all multi-wire
machines made by SAMP and is proven on machines made by major
OEMs.
Refractron’s speciality is manufacturing Izory rolls and rings for
breaking down rod and drawing non-ferrous wire. Izory is also
specified for annealer pins, spooler guides, buncher eyelets and air
wipes.
Industries served by Refractron in addition to wire manufacturing
include mineral processing, waste water and oil and gas.
Refractron Inc – USA
Website:
A trusted tool…
▲ ▲ Izory® rolls and rings from Refractron
Cut in debt and rising income
In the first nine months of 2014, Repsol posted net income
of €1.646 billion, a 27.9 per cent rise from the same period
from the previous year. These results reflect Repsol’s financial
strength and the good progress of its businesses. Adjusted
net income, calculated at current cost of supplies (CCS), rose
to €1.337 billion, a 9.6 per cent increase over the first nine
months of 2013.
These results are especially significant because they have
been achieved in a context of falling crude oil prices during
the last quarter, a slowdown in global demand and lower
production in Libya.
The company’s ability to generate revenue has allowed it
to make the necessary investments to develop its business
while drastically reducing debt. The campaigns carried out
in the exploration and production area, in addition to other
exploitation activities, have accounted for investments
reaching €2.549 billion in the first nine months of the year, a
20.7 per cent rise from the year-earlier period.
At the same time, the group reduced its debt by 72 per cent
to €1.998 billion. All this enabled Repsol to close September
with available liquidity of €10.448 billion, enough to cover its
short-term debt maturities 3.6 times.
Repsol – Spain
Website:
Progress at Gwynt y Môr
Routine inspection of the Polar Prince cable-laying vessel
forced a temporary halt to cabling work at the Gwynt y
Môr offshore wind farm off the Welsh coast. Work on the
array cabling was suspended in late June, but has now
resumed and is nearing completion, with only around 30
cables left to install from a total of over 160.
Project developer RWE said that the halt in work was due
to a planned five-year DNV GL inspection of the vessel.
RWE Innogy GmbH – Germany Website: