wiredinUSA April 2013

43 / 96

wiredInUSA - April 2013 43 ASIA / AFRICA NEWS
Shenzhen Woer Heat-Shrinkable Material
Co Ltd is to buy the Asian consumer
electronics assets of American cable
maker Belden Inc. The acquisition
of Belden's Hong Kong-based LTK
International subsidiary will give Shenzhen
Woer substantial additionalmanufacturing
capacity in China. It is also designed,
company officials said, to expand its
presence in the electronics industry and
speed development of environmentally
oriented cross-linked materials.
Woer products include cross-linked
polyethylene wires, heat shrinkable tubing
and materials, poly-tetrafluoroethylene
tubing and EPDM elastomer tubing.
Belden bought LTK in 2007 for $195 million.
At the time, Belden said LTK had 2006
annual sales of about $220 million. Belden
says the Woer deal involves only a part of
the original LTK purchase in 2007.
LTK has four manufacturing plants in China
and makes products such as PVC and TPE
jacketed cables for data, transmission
and automotive applications.
Chinese cable maker
buys Asian assets
Kobe Steel’s joint venture, Kobelco Spring
Wire (Foshan) Co Ltd (KSW), has begun
steel wire production in China.
KSW was established in January 2012 in
Foshan,GuangdongProvincetoproduce
and sell steel wire for high-quality springs.
The company has a production capacity
of 600 metric tons per month. KSW is 50
percent owned by Kobe Steel through its
subsidiary Kobelco Holding (China) Co
Ltd, with Shinko Wire Company Ltd and
Suncall Corporation each having a 25
percent equity share.
Kobe Steel is said to have approximately
50 percent share of the world market
for steel wire rod, the base material for
steel wire. Booming demand in China led
Kobe Steel to form KSW, its first overseas
company to process wire rod into wire
for use in engine valve springs and other
spring products.
Kobe Steel already has two companies
in Thailand, one in the United States, and
three in China that process steel wire rod
for suspension springs and CHQ (cold
heading quality) wire rod for fasteners.
New wire rod
processing facility