4/6/2021: Rosendahl Nextrom reports that it has completed the extension at its site in Pischelsdorf, Austria, which has seen the addition of some 3,000 sq m over two levels.
A press release said that the newly created space was for the mechanical assembly, steel construction and warehouse departments. This warehouse was also partially built with a basement, resulting in a storage height of a good 16 m. The focus was on making work processes and daily work even more efficient. For example, automated parallel vertical storage systems were installed so orders could be processed even faster and more efficiently. Furthermore, the production processes have also been automated and thus improved.
“All in all, a very functional hall is now available,” the release said. The infrastructure design makes the hall future-proof and flexible. “Of course, good building physics is also important in order to be able to operate the hall economically in the future.
4/6/2021: Germany’s Leoni Group announced that it has sold Leoni Studer AG, part of the company’s Wire & Cable Solutions (WCS) division, to a consortium of buyers led by former Board member Bruno Fankhauser and Helvetica Capital.
A press release said that the sale was an important step towards focusing the Group on wiring systems business. The deal saw the Board of Directors and the Supervisory Board sell Leoni Schweiz AG, which is the holding company of Leoni Studer AG, a specialist in high-quality cables and wires for complex applications in the industrial and infrastructure sectors. Both sides signed a corresponding agreement after several months of negotiation. The transaction is expected to be completed before the end of the first quarter of 2021.
Leoni announced that the company will sell the units of the Wire & Cable Solutions (WCS) division to focus on the wiring systems business. In the past financial year, Leoni laid the foundation for the reorganization of WCS into units to be sold. Leoni Schweiz AG is now the first unit being sold.
“The sale of Leoni Schweiz AG shows that besides the sequential improvement of our operating performance, we are also making progress in focusing on the wiring systems business,” said Leoni AG CEO Aldo Kamper. “The market environment for transactions appears to be steadily improving, and we received tangible indications of interest for further WCS units. We will sell further units if we achieve fair value and if buyers present a viable concept.”
The buyer consortium’s business concept for Leoni Schweiz AG envisions that the company will realize its full potential quickly and flexibly on an independent and stand-alone basis. The business will be further developed in the field of special and safety cables, halogen-free, flame-resistant plastics as well as irradiation cross-linking and sterilization.
As a long-standing member of the management of Studer AG and Leoni Schweiz AG, Bruno Fankhauser has been familiar with the business and the market for over 20 years and will contribute this expertise to the further development of the company as the future CEO of the independent Studer Cables. “We intend to further expand Leoni Studer’s leading position and its core technical competencies,” said Fankhauser. “With this step we are also providing stability and continuity for our employees and business partners.”
4/6/2021: The Prysmian Group will supply 770 km of submarine telecom cables for the Norte Conectado project—awarded by RNP, Rede Nacional de Ensino e Pesquisa, a Brazilian Internet provider—that will connect the city of Macapá to Santarém and Alenquer, which are located in the north of the Amazon region.
A press release said that Prysmian will provide its widely used MINISUB of repeaterless, optic submarine cables. They have a high fiber count that will be deployed in four separated links, enabling a reliable flow of data traffic to 9.2 million households. The project will enable connectivity cross 59 municipalities in northern Brazil, and makes it possible to extend it to other Amazonian countries. The cables will be produced at Prysmian’s plant in Nordenham, Germany, and delivered in the second half of 2021.
“We are honored to contribute to this valuable project and support sustainable development by improving the data connectivity for the local communities and public institutions,” said Prysmian Group Submarine Telecom BU Director Ashutosh Bhargavas. “Prysmian has been operating in Brazil for more than 90 years and is in the unique position to serve its customers directly from there.”
4/6/2021: The Metalworks business of HS Manufacturing, LLC (HS Metalworks), a wholly owned subsidiary of Hickory Springs Manufacturing Company (HSM), has formed a strategic alliance with wire manufacturer OPEX Steel Processing LLC (OPEX) to manufacture induction-tempered spring wire for HS Metalworks at its Bedford Heights, Ohio, facility.
A press release said that along with expanding HS Metalworks’ capacity, the strategic alliance enables the company to better serve its spring-wire customers based in the Midwest. “This new strategic alliance provides us with additional capacity, as well as a major geographical advantage, that will support our customers’ growing demand for this product,” said HS Metalworks President Tim Becker. “It also cements our position as one of the largest producers of induction-tempered spring wire in North America, at a time when there is a real shortage in supply due to the recent spike in demand for home furnishings, products used for housing upgrades and automotive products as a result of the Covid-19 pandemic.”
Becker noted that the alliance gives HS Metalworks a “triangle” of manufacturing facilities for spring wire. HS Metalworks also manufactures this product at its facilities in Conover, North Carolina, and Phoenix, Arizona. Production and shipments from the Bedford Heights factory began in late February.
HS Metalworks will be OPEX’s sole and exclusive customer for induction-tempered spring wire, which is used to manufacture overhead springs for garage doors and has applications in the furniture, automotive, agricultural and construction industries in products which require springs that have a large load-bearing capacity.
OPEX is a business formed using some of the wire making assets formerly owned and operated by American Spring Wire Corp. “We are very excited to expand our production capabilities and further service our customers through this strategic alliance,” Becker said. “The OPEX team, from the executive level to the production floor, is one of the most highly respected wire manufacturers in the industry. Dedicated to manufacturing high-quality products with an emphasis on customer service, this collaboration aligns well with both of our companies’ core values and we look forward to continued growth together.”
“I am very pleased to have joined forces with HS Metalworks and to put our wire making assets, and our people, back to work.” said Tim Selhorst, CEO of OPEX. “Demand for induction-tempered spring wire has grown dramatically, and to be part of this alliance is a terrific opportunity for OPEX Steel Processing and, we believe, HS Metalworks.”
4/6/2021: Southwire Canada is proud to announce that it recently became a Great Place to Work® (GPTW) Certified™ organization, showcasing the company’s commitment to its employees, communities and other stakeholders.
“This certification is a great recognition of our employees and our culture,” said Tim King, Southwire’s president in Canada. “It reflects our core beliefs of Southwire’s founder, Roy Richards Sr., who regarded Southwire’s people as our most important and influential asset and, after more than seventy years of successful business, this still remains true.”
GPTW is the world’s leading research and consulting firm dedicated to helping organizations assess and develop their workplaces, cultures and employee engagement. According to GPTW, trust is the main ingredient in building a great place to work for all. Establishing a foundation of trust in the workplace culture is the smartest investment one can make for their organization. The Great Place to Work® Trust Model©, which was a key factor in achieving this certification, outlines the definition of a great workplace, and trust in leadership is at the core.
The Trust Index©, based on the Great Place to Work® Trust Model©, measures the levels of trust in the workplace by focusing on five key dimensions: Credibility, Respect, Fairness, Pride and Camaraderie. GPTW uses this to define a great workplace as one where employees trust the people they work for, have pride in the work they do and enjoy the people with whom they work.
The survey used by this index is the most widely used survey of its kind in the world and is used annually by more than 8,000 organizations employing approximately 12 million employees worldwide. It is a cornerstone of the world’s most respected ongoing study of workplace excellence, leadership and the role of trust and employee relationships in creating great workplaces, cultures and engagement. Great Place to Work® recognizes leading workplaces in 55 countries on six continents through its Best Workplaces lists, which are published annually in prestigious national media outlets, such as the Globe & Mail, FORTUNE Magazine and more. 84% of Southwire employees in Canada participated in this survey, which was open for two weeks, and the organization surpassed the certification threshold by 8%.
“Southwire is an equal opportunity employer, who really cares and invests in its people,” said Maria Sial, Southwire Canada’s manager of communications & digital strategy. “Our company truly understands that people in an organization are important, and fosters a culture where people can learn, grow and develop further. Receiving this certification sets Southwire apart and allows us to benchmark ourselves against the Best Workplaces in the world.”
Southwire has always believed that its employees are The People Behind the Power™. Achieving the Great Place to Work® certification reaffirms this belief, as Southwire achieved this certification based on its employees’ feedback and survey responses. This is a direct reflection of Southwire’s core tenets of Growing Green, Living Well, Giving Back, Doing Right and Building Worth.
To learn more about Southwire’s commitment to sustainability, visit www.southwire.com/sustainability.