The SMA Group announced that it has been chosen by Jianlong Beiman Special Steel Co., Ltd., to supply core components for a high-speed, wire rod mill for steel.

A press release said that the customer--based in Qiqihar, the second largest city in China’s Heilongjiang Province—is building a new wire rod mill that will have an annual capacity of 500,000 tons. It will include a 10-stand wire rod finishing block that has been designed for low-temperature rolling to comply with “the high metallurgical requirements of the finished products.” It will deploy a cooling and equalizing loop upstream of the block. The mill will process wire rod from 5.5 to 25 mm, and rebar from 6 to 16 mm, at speeds up to 115 meters per second.

The contract, the release said, also calls for the supply of two cantilever compact roughing stands, the shears upstream of the block and the loop laying head including pinch roll unit. The SMS Group is also supplying the design for the LCC® (Loop Cooling Conveyor) with three-fan technology, as well as the coil handling system. To allow for future expansion of the plant, space will be set aside for additional water boxes and a MEERdrive®PLUS block that will enable the plant to be equipped to handle closer tolerances. Commissioning is scheduled for spring 2019.

The Prysmian Group announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act that applies to its proposed acquisition of General Cable Corporation has expired, clearing a key step in the process.

A press release said that as a result of the above-cited requirement, the transaction has been cleared for U.S. antitrust purposes. The transaction remains subject to other regulatory approvals and customary conditions.

Two Swedish companies that have had a business relationship for 15 years, announced that they have entered a joint ownership agreement. Under the terms, Axjo Plastics AB, a packaging supplier that specializes in reels, gets a 24% interest in Windak AB, an equipment manufacturer founded in 1994.

"For Windak and for our customers, there are great benefits of closer cooperation,” said Windak AB partner and CEO Urban Bollö. “For example, we can construct concepts that reduce shipping costs for the coils properly by mounting the coils directly in the Windak machine. Axjo also has a good sales staff who can reach out, be more present with the customers and inform about all the new technical possibilities Windak has to offer."

The acquisition is in Windak Holding AB and its sister companies: Windak AB, Windak Inc, Windak Australia and Windak OU in Estonia. Windak has its headquarters in Järfälla, outside of Stockholm, and has some 67 employees in Sweden, Estonia and the United States. The company has an approximate turnover of US$11.8 million. Axjo Plastic, founded in 1945, manufactures and sells cable drums and other round packaging for cable, fiber and other string products. It is based in Gislaved, and its group has about 110 employees, and annual sales of US$1 million. Axjo and Windak have cooperated with each other, including exhibiting together at trade shows.

"After working with Windak since 2003, it's extra fun to integrate our business more,” said Axjo Plastic CEO/owner Jacob Nilsson. “There will be great advantages for our customers that the machines, already at the design table, are adapted to the correct cable drums.” He added that the company now also has a plan where customers can rent the machines instead of buying them.