wiredinUSA July 2014

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wiredInUSA - July 2014 33 EUROPE NEWS
Celik Halat ve Tel Sanayii AS of Turkey has
signed an agreement with an Italian joint
venture to acquire the Italian stainless steel
wire and alloy wire producer Trafileria Del
Lario SpA (TDL) for €7.5 million.
In 2013 TDL reduced its capacity utilization
to 25 percent due to financial difficulties.
In 2011, TDL’s total sales volume amounted
to 11,553 tonnes, 50 percent of which
was sold in Italy, 42 percent to other EU
countries and eight percent to non-EU
countries. TDL purchases 70 percent of its
raw material from Europe and 30 percent
from Asia.
According to the agreement, TDL will file
for financial protection at a district court in
order for its debts to be consolidated. TDL
and Celik Halat have signed a three-year
plant leasing protocol for €240,000 which
will enable TDL to continue production
until the agreement and the financial
protection are concluded. The leasing
cost will be subtracted from the €7.5 million
acquisition payment.
The Hungarian cable and wire harness
manufacturer Scintilla is to double the
production space at its Jászberény facility.
Increasing the plant’s output capacity is
expected to allow Scintilla to expand its
revenues to €10.53 million during 2014, an
increase of 9.5 percent, compared with
€9.62 million reported for 2013.
Scintilla supplies its output to a range of
industries including telecommunications,
domestic appliances, machinery and the
automotive industry.
More space for Scintilla Italian steel wire producer