[INDUSTRY NEWS]
Bekaert and Southern Steel Partner to Combine Their Steel Wire and Ropes Activities in South-East Asia
> Bekaert, a worldwide technological and market leader in drawn steel wire products and advanced coatings, and Southern Steel Berhad (SSB), a leading Malaysian Steel Group, signed an agreement to establish a joint venture, 55% owned by Bekaert and 45% by SSB. SSB will inject its interests in Southern
Wire Industries Malaysia Sdn Bhd (SWI) and Southern Speciality Wire Sdn Bhd (SSW) into the joint venture, while Bekaert will bring in the galvanized wire activity platform which today is part of PT Bekaert Indonesia. Henri-Jean Velge, Bekaert Group
Executive Vice President Wire, stated: “Developing a partnership with Southern Steel will create a production and sales platform for our joint wire and ropes activities in South-East Asia that responds to our ambitions for growth in the region.” Dr. Tan Tat Wai, Group Managing
Director of Southern Steel Berhad, added: “This joint venture will enable us to leverage our mutual capabilities and technological expertise, for the benefit of the new organization and of its customers.” The activities of Southern Steel’s wire
operations encompass two production plants in Malaysia; one in Shah Alam and one in Ipoh. The product portfolio includes a wide range of galvanized and specialty steel wires and ropes, and complements Bekaert’s existing product range of steel wires manufactured in its wire plant in Karawang, Indonesia. The deal focuses on serving customers
in the growth markets of the Association of Southeast Asian Nations (ASEAN). The transaction, with an enterprise value of approximately € 47 million (USD 63 million), is subject to customary closing conditions and is expected to be completed in the third quarter of 2012. The financial statements of the joint venture which will be named Bekaert Southern Wire Pte Ltd. with registered office in Singapore, will be integrated in Bekaert’s consolidated statements in line with closing terms and conditions. Based upon the 2011 turnover, the deal would add approximately € 60 million in annualized sales.
Talurit Expands Into China
> Talurit AB, the pioneering company in the field of mechanical splicing of wire rope, has recently expanded its activities in Asia, by opening the Talurit Ningbo Representative Office. Thommy Andersson, CEO of Talurit AB explained, “It’s a step in the right direction for us and is consistent with our global plan for the Talurit Group. Expansion is a part of business growth and we have been fortunate to constantly increase in sales and demand, all over the world. Our new representative office in China will enable us to better serve the needs of our existing and prospective customers in this market.”
manufactures, markets and maintain equipment and systems for mechanical splicing systems for wire and wire rope fabricators worldwide. Through high standards of efficiency, safety, quality and reliability TALURIT create added value for the customers. For more information on TALURIT, visit
www.talurit.com.
Nightime Lift at Wolf Trap Uses FIRST® High Performance Roundslings
> The Wolf Trap Bridge will soon connect the two main facilities at the Wolf Creek National Park for The Performing Arts in Vienna, Virginia. The Barns and Filene Center have long been separated by a narrow road with no sidewalks and had for many years been a safety concern not only for local travel but also for the roughly 500,000 visitors to the park each season in this National Capital Region. So as of August 2011 and after 8 years of working to secure funding, the project is being realized through a total of over $3.5 million released by the Federal Highway Administration. Many state agencies are shifting
towards nighttime construction. Nighttime construction mitigates the impact of construction operations on the traveling public, shortens the duration of construction operations and reduces interruptions to construction activities. Such was the case in the lift performed for the construction of the Wolf Trap Bike/Pedestrian Bridge over the Dulles Access and Toll Road from Wolf Trap National Park. Under nighttime illumination shortly
The establishment of the new office in
China demonstrates the success of Talurit AB’s strategy to create business in China’s rapidly-growing market, with high potential for mechanical splicing of wire rope. “Our unique approach to this market, including offering of our customized solutions, has already started to pay off, and we believe that China will continue growing in importance and be a driver of our future sales,” continued Thommy Andersson. Talurit AB was established in 1948 and
has been the pioneering company in the field of mechanical splicing of wire ropes ever since. The parent company is home- based in Gothenburg, Sweden. There are also subsidiaries in Southern Germany and in United Kingdom. TALURIT develops,
WIRE ROPE EXCHANGE MAY-JUNE 2012 7
after midnight on April 3rd, Phil Garber, Product Advisor for The Rigging Box, Inc., of Lorton, was one of a few of those working through the night dedicated to the safe and successful lift of the first and largest of three bridge sections measuring 170 feet at a weight of 140,000 pounds. The Rigging Box supplied FIRST®
FHPZ 70 High Performance Roundslings,
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