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Wire & Cable ASIA – November/December 2014
India Insight
Back in action following
May blaze
Following a significant fire in May that damaged its
production facility in Chatham Docks, Kent, ArcelorMittal
Kent Wire has reported that its production line is now fully
reinstated.
The fire-damaged production line has been upgraded to
enable ArcelorMittal Kent Wire to produce in excess of
130,000 tonnes of fabric reinforcement per annum.
Phil Taylor, CEO, said: “Following this incident, the damaged
fabric reinforcement line has been fully restored and
upgraded, and the business is once again fully operational.
We would like to apologise to our customers for any
inconvenience caused over the last six weeks of interruption
and look forward to supporting your businesses once again
with high quality product and services.”
A member of the British Association of Reinforcement,
ArcelorMittal Kent Wire is a wholly owned subsidiary of
ArcelorMittal Hamburg, a European wire rod manufacturer
and a member of ArcelorMittal, the world’s largest steel
producer.
Kent Wire – UK
Website:
Fast-growing Ajex
Ajex & Turner is a fast-growing technology driven company
engaged in the manufacture of wire drawing dies, die
polishing machinery and consumables.
The company has joined forces with Turner & Stott Ltd,
Manchester, UK, and specialises in making compact PCD
and carbide dies from 16mm2 to 1,000mm2; ND dies from 50
micron to 1.5mm; PCD and carbide dies for MIG, SS and
high/low carbon/brass are made for any size and shape.
The company also sells die polishing and re-grinding
machines with all accessories.
The company uses a high quality die profiler and supplies all
dies with complete inner geometry for the following
industries: wire and cable, steel wire, welding wire, dies and
moulds, fasteners and automobile.
Ajex & Turner Wire Dies – India
Website:
Fastener cluster
Punjab-based fastener makers are to establish a
buyer-seller cluster in Gujarat in a bid to access industrial
sectors such as refinery, power and automotive.
“We will set up a buyer-seller cluster in Gujarat whereby we
will be selling fastener items made in Punjab, through our
representatives to be appointed in that state, in order to
boost MSME [the micro, small and medium enterprise]
sector here,” said Narinder Bhamra, president of the
Fastener Manufacturers Association of India.
Bhamra explained that Gujarat offers immense potential
because of its concentration of refinery, power and
automotive facilities, offering opportunities for fasteners and
fastening products.
He continued: “We have already shortlisted 15 distributors
or representatives in Gujarat who will sell and market
products manufactured in Punjab.”
The Fastener Manufacturers Association of India held a
convention at Ahmedabad in September, where
Punjab-based manufacturers showcased their products.
Fastener Manufacturers Association of India
Website:
JSW in talks over
Lucchini purchase
JSW Steel is the final stages of negotiations to buy part of
bankrupt Italian steelmaker Lucchini.
Sajjan Jindal, chairman and managing director of JSW, said
that his company had put in a ‘sub $100 million’ binding bid
for three mills owned by Lucchini, with a total production of
1.2 million tonnes.
The head of India’s third largest steel company was in
confident mood, stating that the deal should “within this
calendar year be done.”
JSW already has a capacity of 14.3mt but has an aggressive
expansion strategy.
JSW Steel – India Website:
Ten per cent stake
Japanese steel manufacturer Daido Steel Company has
bought a ten per cent stake in Maharashtra-based Sunflag
Iron and Steel for Rs 56 crore.
Listed on the Tokyo Stock Exchange, Daido is a major alloy
steel manufacturer in Japan.
Sunflag’s steel-making facility at Bhandara has the capacity
to produce 360,000 tonnes per annum of high quality
special steel using liquid pig iron and sponge iron as basic
inputs.
Proceeds from the sale will be used for strengthening capital
base for the raising future debt, and to meet capital
expenditure.
Sunflag Iron and Steel – India
Website: