wiredinUSA April 2013

INDEX

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

New wire rod processing facility

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.

ASIA / AFRICA NEWS

wiredInUSA - April 2013

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