Prysmian reports that it has agreed to a long-term contract with Aurubis—a global provider of nonferrous metals and the largest copper recycler worldwide—for the supply of copper wire rod.

A press release said that the agreement will see Aurubis provide a significant and incremental year-over-year volume of copper wire rod. It noted that Aurubis is the largest European vertically integrated manufacturer of copper wire rod. The pact will cover the needed supply of copper wire rod, particularly for Prysmian’s European plants, ensuring coverage of the current business and growth prospects.

“Our companies are connected by their strong commitment to integrating sustainability in our business strategies and our role as enablers of the energy transition and digitalization process,” said Prysmian Chief Purchasing Officer, Laura Colli.

The partnership is in line with Prysmian’s ambition to be a global player with a leading role in the challenges of decarbonization. Prysmian is committed to an overall net-zero target along the entire value chain by 2050 and to reducing Scope 3 emissions by 28% by 2030 compared to the 2019 baseline. Prysmian has also publicly disclosed an ambitious target related to the share of recycled copper content, with the goal of reaching 15-16% by 2025.

Aurubis is pursuing a dedicated sustainability strategy and is committed to becoming carbon neutral well before 2050. The multimetal company produces copper with less than half the global average carbon emissions and intends to further reduce Scope 1 and Scope 2 emissions by 50% and Scope 3 emissions by 24% per ton of copper cathodes by 2030. The company offers comprehensive value chain solutions for the circular economy and produces rod with almost 40% less CO2 than the global average.

“This contract stems from a more than 25-year strategic partnership between Prysmian and Aurubis distinguished by best-in-class performance when it comes to sustainability, product, delivery timing, and quality of service in the supply of a raw material that is becoming increasingly important for the future of Prysmian’s business growth,” said Martin Sjoberg, SVP Commercial at Aurubis.

Citing current market forces and a surge in imported steel, Liberty Steel reported on April 19 that it is temporarily ceasing production of wire rod.

An announcement said that some 50 of the 79 employees at the facility in Georgetown, South Carolina would be laid off. The statement said that a flood of imports had led to decreased rod prices that made operations unprofitable. The company will continue to make steel mesh and welded steel products at the mill.

“Unfortunately, market forces are working against us in the rod market with the increase in imports and significant pressure on transportation costs,” declared Pieter Vanderwesthuizen, Liberty’s chief operating officer, in a written statement. “We fully intend to bring the rod mill back up as soon as it makes financial sense to do so. “We remain committed to the long-term viability of our Georgetown facility and continue to invest in the business,” he said.

Carlisle Companies Incorporated (CCI) announced that it has completed its $2 billion sale of its Carlisle Interconnect Technologies (CIT) unit to Amphenol Corporation, ending its direct activity in the wire and cable field.

A press release said that the sale of CIT “aligns with our Vision 2030 strategy and represents a significant milestone in our strategic pivot from a diversified industrial portfolio of businesses to a premier pure play building products company.”

Per the Carlisle website, the business started operations in Tarrytown, New York in 1940 as Tensolite, a name that it said stood for the finest in miniature insulated wire and cable. The first insulated wire product produced by the company was used to electrically heat the gloves and flight suits of World War II Air Force pilots. In 1959, Carlisle Interconnect Technologies (then Tensolite) became part of Carlisle Companies Incorporated, which will focus on innovative building envelope products and solutions for more energy efficient buildings

TT Cables, based in Bosnia-Herzegovina, announced that it has launched a new factory to make low-voltage cables in Macedonia, that will be located at the IGM Industrial Park on Negotino.

A press release said that the company is investing some 20 million euros in the new factory, which covers 20,000 sq m and will have some 90 employees. The factory will have a capacity of approximately 30,000 tons of cables across 30 production lines. It will deploy cutting-edge, highly automated machinery and production lines, allowing for maximum efficiency and scalability.

The industrial park, located in North Macedonia near the highway, railway station and airport, will apply cutting-edge technology and sustainable manufacturing practices. The decision to build the plant stemmed from an assessment of the sales potential for the low-voltage cables (signal, control and instrumentation) in the region and throughout Europe as being significantly greater than our current production capabilities.

The factory will be part of the IT Cables Group, which has more than 400 employees and sells its products in more than 50 countries worldwide. The Group has a distribution network through its subsidiaries in Lithuania (TT Cables Nordic UAB), Austria (TT Cables GmbH Austria), Croatia (TT Kabeli doo Croatia), Serbia (TT Kabeli doo Serbia), Bosnia and Herzegovina (TT Kabeli doo Bosna and Herzegovina), and the next factory in North Macedonia (Kabeks Kables dooel - TT Kabeli Macedonia).

The TT Group, founded in 2007, is based in Široki Brijeg (Bosnia and Herzegovina) where its head office is located as well as its production facilities.

“We are looking forward to the opening of the new factory, which we believe will serve as a stepping-stone for our ambitious plans in the future,” the release said. It added that construction work and machine orders are already underway, and that the new factory is expected to open in the second half of this year, “ushering in a new chapter and era for the entire TT Cables Group.”