In August, Sandvik Materials Technology separated from the Sandvik Group, was renamed Alleima™ and is now listed on the Nasdaq Stockholm Exchange as ALLEI.
Per an announcement from the company, “The name Alleima—a combination of the words alloy and materials—represents a fresh opportunity for growth and development in the global market. The Tube division represents nearly 70% of Alleima’s business, but it also makes long products, such as medical wire.
“While we are leaders in the stainless and special alloy sector in terms of both technology leadership and financial performance, we were a relatively small part of the Sandvik Group,” Alleima Company President Göran Björkman said. “As an independent company, the Alleima Board of Directors is fully focused on our activities, enabling us to deliver our strategy to grow profitably, and capital allocation will be much simpler. This move has energized our entire organization and instilled a strong sense of pride.”
Björkman said that the separation has not caused major changes for the company, customers or employees. There have been no changes in production or support service processes. Alleima continues to control the supply chain from R&D to primary melt to the final product, and there will be no changes or reductions in the product portfolio.
In August, Sandvik Materials Technology separated from the Sandvik Group, was renamed Alleima™ and is now listed on the Nasdaq Stockholm Exchange as ALLEI.
A report from Markets and Markets projects that global fire-resistant cable market size is projected to grow from $1.8 billion in 2021 to $2.1 billion by 2026, at a relatively slow yet steady CAGR of 3.3% during the forecast year.
A press release said that the fire-resistant cable market has thousands of companies which thrive in their domestic market. A few of the major players are Prysmian Group (Italy), Nexans S.A. (France), NKT Group (Denmark), Leoni AG (Germany), LS Cable & System Limited (South Korea) and Elsewedy Electric Company (Egypt), among others. These players have adopted various growth strategies, such as acquisitions, investments, expansions, agreements, collaborations, and new product developments, to increase their market shares and enhance their product portfolios.
Acquisition accounted for the largest share of all the strategic developments that took place in the fire-resistant cable market between 2016 and 2021. Key players such as Prysmian Group (Italy), Nexans S.A. (France), NKT Group (Denmark), and LS Cable & System Limited (South Korea), adopted these strategies to enhance their business, market presence, to develop new products and meet consumer demand. The report looks at market dynamics, volatility in raw material prices, demand for fire-resistant cables, challenges posed by cheap and inferior cables, which sectors are showing more demand, and more.
Building and construction is projected to be the fastest-growing segment in the fire-resistant cable market. In terms of value and volume, the APAC region is projected to grow at the highest CAGR from 2020 to 2025.
Emerging economies in APAC are expected to experience significant demand for fire-resistant cable as a result of the expansion of the end-use industries due to rapid economic development and urbanization.
U.S.-based Orion Engineered Carbons (NYSE: OEC), a specialty chemicals company, reports that it has reached a major sustainability milestone, becoming the first to achieve International Sustainability and Carbon Certifications (ISCC Plus) for multiple carbon black grades made from different feedstocks at plants in two regions of the world.
A press release said that the ISCC PLUS certification involved rigorous audits of Orion’s plants and processes that confirmed the company’s compliance with high sustainability requirements. It also verified the transparency and traceability of sustainable raw materials in the company’s value chain at three plants producing the concerned grades of carbon black.
“No other company is making multiple grades of sustainable carbon black with different feedstocks at multiple plants across the world,” said Corning Painter, Orion’s CEO. A decade ago, Orion was the first major producer to develop and commercialize carbon black made from renewable feedstocks, such as industrial-grade vegetable oils or other oils derived from waste and residues of biological origin from agriculture or forestry.
Orion notes that the company is also the only carbon black producer in the BlackCycle initiative, an EU-funded project focused on developing the production of circular carbon black.
The Wire & Cable Manufacturers Alliance (WCMA) will hold its annual luncheon meeting, which will have a featured speaker, much networking potential and support a good cause, on Thursday, Dec. 1.
A press release said that registration is open for the event, which will be held from 11 am to 3 pm at a new location: the Hartford Marriott Downtown, 300 Capitol Blvd., Hartford, Connecticut. The meeting will include an economic review by John Traynor, Cambridge Trust, a recognized economist who has appeared on Fox News and CNN and in The Wall Street Journal. He has also been a much-appreciated speaker at WCMA’s annual meetings, speaking numerous times.
WCMA will continue its networking session for Young Professionals and Mentors from 2 pm to 3 pm, with additional presentations planned.
As noted above, registration is open, and attendees are encouraged to support the WCMA’s annual Toys for Tots donation and/or Industry scholarships for Wire Association, IWCS and The Copper Club.
Lodging is available at The Hartford Marriott Downtown at discounted room rate of $125. The cut-off for that offer is Nov. 28. Registrations can be made at: https://wcmainc.org/page/annual-meeting-and-holiday-luncheon.
For more details, call WCMA Executive Director Executive Director Ed Fenton at tel. 860-841-7720
IEWC is proud to be named a partner to The Copper Mark, a recognition of and commitment to responsible sourcing policy and strategy. The Copper Mark is an independent assurance framework that promotes responsible copper production and encourages contribution to the United Nations Sustainable Development Goals. It is the first and only framework developed specifically for the copper industry to demonstrate responsible production performance to customers, investors, final manufacturers and other stakeholders.
Pat Rislov, IEWC Chief Supply Chain Officer, explains, “Adopting The Copper Mark reinforces IEWC’s commitment to procuring copper products that are sourced through responsible environmental and social production practices across our global operations. As a wire and cable solutions, IEWC relies on copper as a metal central to our purpose: Advancing a connected world. Whether it’s for wire and cable for original equipment manufacturers; custom assemblies and power cables that advance reliable telecommunications networks; or cables that expand infrastructure; we are dedicated to supporting this progress sustainably with responsibly produced copper.”
To receive The Copper Mark, copper producers must be assessed independently against a comprehensive set of environmental, social and governance (ESG) criteria. The framework is focused on copper producers at the beginning of the supply chain, but also includes The Copper Mark Partners: distributors like IEWC, fabricators, and other related parties, with the goal of establishing a chain of custody for the entire copper supply chain.
“We are delighted to welcome IEWC as our newest partner,” said Michèle Brülhart, Executive Director, The Copper Mark. “A major wire, cable, and wire management supplier, IEWC plays an important part in responsible copper supply chains ― both as a customer of copper producers and a supplier of copper-containing products. We look forward to collaborating with IEWC to promote responsible production practices for copper.”
The Copper Mark was originally developed by the International Copper Association (ICA) with input from financial institutions, commodities exchanges, NGOs, OEMs, and copper fabricators. It is now an independent entity. To learn more, visit coppermark.org.
About IEWC - (iewc.com) IEWC is a global distributor of wire and cable products, manufacturer of custom fiber assemblies, and provider of value-add solutions that advance a connected world.
As part of a company commitment to ‘continuous improvement’, the Calibration Laboratory at Pelican Wire has been registered as ‘ISO/IEC 17025:2017 Accredited’ by ANAB, the ANSI National Accreditation Board.
Pelican Wire Calibration Specialist, Ed Valykeo, says “While the existing ISO 9001:2015 Accreditation covers our quality systems and processes, this newest Accreditation is specific to our Calibration Laboratory. Going through the long & detailed approval process only makes us better & it speaks highly of our ability to produce precise and accurate test results and calibration data. Along with our ISO 9001 Accreditation, the ISO/IEC 17025:2017 accreditation ensures our Calibration Lab will continue to exceed our customers’ needs and expectations.
ISO/IEC 17025 is useful for any organization that performs testing, sampling or calibration and wants reliable results. This includes all types of laboratories, whether they be owned and operated by government, industry or, in fact, any other organization. The standard is also useful to universities, research facilities, governments, regulators, inspection bodies, product certification organizations and other conformity assessment bodies with the need to do testing, sampling, or calibration.
Robert Soares, Quality Manager at Pelican Wire, says “We’re proud to have worked through the process of qualifying for such a recognized standard as ISO 17025:2017. Not only does our scope include thermocouple calibration, but resistance measurements as well which helps us expand our presence as a market leading supplier in several markets such as heat-treating, aerospace, pyrometry, semiconductor, medical, and various mission critical heating applications.”
Pelican Wire is an employee-owned manufacturer of application-driven wire solutions in the areas of thermocouple, resistance, and custom wire. With specialties in the fine-gauge and high-temperature wire fields, Pelican Wire works globally across multiple industries, offering custom solutions in Aerospace, Medical, Industrial, Automotive, Defense and many other fields.
Southwire’s facility in Huntersville, N.C., has again been recognized for its efforts in achieving compliance with air quality permits by receiving the annual Air Compliance Excellence (ACE) Award. This is the fifth consecutive year the Huntersville Plant has received the award and the seventh time overall.
The Mecklenburg County Air Quality ACE Awards began in 2014 to promote local industries’ efforts that comply with air quality permits within the county.
To be eligible for the award, facilities are required to meet all terms of their air quality permit for an entire year. This includes submitting reports, notifications, fee payments, emission testing and annual inspection with no violations of nuisance, dust or odor complaints of the site.
According to Patrick Vaughan, storekeeper attendant at Southwire’s Huntersville Plant, the ACE Award showcases the facility’s efforts to improve the local air quality, aligning with Southwire’s commitment to sustainability and supporting the wellbeing of our communities and the environment.
“We are thrilled to receive the ACE award again this year, and it’s really a testament to the work of our team members and our environmental, health and safety manager, Jamie McGrath,” said Vaughan. “Together, we strive to do what’s best for our environment, and this award shows our commitment to making a difference in the Huntersville community.”
After having earlier moved to Richmond, Indiana, a Michigan casket manufacturing company started by Bruce and Suzanne Elder changed its name in 1972 to honor Bruce’s parents Vance and Doris Elder.
Vandor has grown to more than 200 team members, working together to create products that serve funeral professionals as well as automotive, communications, construction, and consumer product industries. The company has garnered nearly 60 patents so far, with many more forthcoming. Its brands include Reel Options, Elderlite and Starmark Funeral Products. The team members’ dedication and affirmative attitude underpinning Vandor’s culture from the beginning remains steadfast to this day.
A Golden Celebration
In celebration of its 50th year, Vandor hosted a companywide congratulatory event on Saturday, September 17, 2022, at the Starr Gennett building in Richmond Indiana. With over 300 past and present team members and their families attending, local favorites Smiley’s Pub Catering, Ullery’s Homemade Ice Cream, and AVI Food Systems served lunch and dessert to the celebration guests. The Northeastern High School Cheer Team supported with activities for the children including inflatables and face painting. Melissa Vance of the Wayne County Chamber of Commerce honored Vandor for its years committed to growth in the Richmond area. A strong sense of friendship and gratitude for one another and a recognition of past accomplishments was shared among team members. Vandor’s team is prepared and looking ahead to its next fifty years!
Had any personnel changes the last few years? It’s a rare company that hasn’t either lost or added staff during the Covid period, and it’s not a bad idea to make sure that the industry knows who your key people are.
This is an ideal time to take a minute to look at the 2022 edition of the Wire Journal International Reference Guide and see whether you need to make some updates for the 2023 edition. Companies can also make a new entry enter or update their company profiles for the Reference Guide and WAI’s online Industry Search.
New and updated entries will be accepted through Nov. 30, 2022, for the printed publication. An instructional video on submitting a free listing is available www.wirenet.org/industry-search-instructional-video.
The WJI Reference Guide lists contact information for international manufacturers and suppliers to the wire and cable industry. Company listings include more than 1,100 product types.
The organizers of wire China 2022 report that the event, scheduled for Sept. 26-29 at the Shanghai New International Expo Center, has been postponed due to Covid-related concerns.
A press release said that online activities, such as matchmaking and webinars, will be continued. “We are actively coordinating and communicating with the relevant parties and will announce (further plans once) confirmed.” For updates, go to the event website: www.wirechina.net/en.
U.K.-based Cimteq and Swiss-based AESA Cortaillod held the official launch of their partnership at Wire Düsseldorf, where the companies explained how doing so would enable them to offer unrivaled service to manufacturers.
A statement said that Cimteq’s CableBuilder Enterprise and AESA Cortaillod’s quality management software, CIQ, together present a unified cable testing solution from product design direct to cable testing equipment. The partnership of their combined capabilities will enable customers on both sides to attain increased profitability, improved quality and savings in materials. Manufacturers will have greater control of the complex management of cable-design data, from the initial design concept to delivering the full bill-of-materials directly to the ERP system, while having an ongoing understanding of a cable’s performance through accurate testing.
“By seamlessly interconnecting CableBuilder Enterprise and CIQ through a single and universal interface, it is possible to simplify the overall handling of extensive design and production data pools,” said Cimteq Director Amanda Shehab. “This represents a quantum step towards the ‘smart factory,’ with the ultimate goal of closing the loop from the initial cable design concept to production and delivery, resulting in significant raw material savings, improvements in quality, and major productivity gains.”
AESA Cortaillod CEO Vincent Albert-Engels said that the company’s CIQ quality management system supports traceability features as well as extended quality improvement and data management capabilities. “In very real terms, it opens a window on to the shop floor by tracking process and test data, not to mention production history. Its integration with CableBuilder Enterprise will have significant benefits for our clients; not least that automatically pulling data from CableBuilder will mean a lot less data to set up inside CIQ.”
Italy’s Prysmian Group has launched an innovative share-based variable remuneration and profit-sharing plan in company shares, aimed potentially at more than 25,000 employees between blue and white collar workers of the Group, in over 35 countries.
A press release said that the measure was approved at a shareholders meeting. The current plan, to run for 2022 to 2024, provides for the allocation of a maximum of 3,000,000 shares. The goal was to enable a broad base of employees, mainly blue collar workers, to share in the creation of value that the Group hopes to generate in the coming years.
“We are a genuine public company and it is key for us to align the interests of all stakeholders, from employees to shareholders, around the common goal of creating long-term sustainable value,” said Prysmian Group CEO Valerio Battista. “To achieve this goal, it is therefore essential to involve those who are not recipients of share-based incentive plans usually reserved for managers and executives, such as stock options.”