May 12, 2021 – Prysmian Group strengthens its commitment to Diversity & Inclusion with the aim of further enhancing its human capital made up of around 28,000 employees worldwide. The increase in the percentage of women, both among white-collar workers and at the level of top managers, is among the sustainability parameters to which the payment of the company managers’ variable remuneration has been linked.

As evidence of the strategic importance of gender and cultural diversity, Prysmian has also set up a new global Diversity & Inclusion Steering Committee, tasked with overseeing the achievement of the objectives that the Group has set itself. The Diversity & Inclusion Steering Committee has the responsibility to define D&I objectives at each organisational level and support the definition of the actions to achieve and to promote a cultural change to facilitate Diversity & Inclusion within the work environment. The Committee is composed by Prysmian Turkey Human Resources Director Aysun Kalmik, acting as Leader, and Product Development Manager of the Lincoln (Rhode Island) plant Prasha Sarwate, as Deputy Leader.

In order to improve the gender balance in its workforce, the Group has committed to achieving the following Diversity & Inclusion objectives by 2022:

• Ensuring 40% of women hired (female white collars hired with a permanent contract) on total hirings (34% in 2020 compared to 30% in 2016);

• Increasing from 21.9% to 25% the percentage of women managers (from junior to top positions);

• Improving gender balance with regard to executive positions: from 6% in 2016 to 18% in 2022.

In addition, fundamental indicators (e.g., security) have been implemented in all the Groups’ 104 plants.

The D&I parameters are part of the sustainability objectives, to which the payment of the company managers’ variable remuneration has been linked.
In addition, the Group’s first Global eNclusion Week, a five-day digital event, will take place from 17 to 21 May, featuring a series of digital panels and workshops on the importance and advantages of building diverse and inclusive workspaces. The programme will focus on four main themes: Gender Diversity; Diversity & Inclusion in all its forms; Inclusive Culture in the workplace; and Generational D&I.

The Global eNclusion Week will be opened on 14 May by Fabrizio Rutschmann, Prysmian Group CHRO, followed by speeches by: Valerio Battista, Prysmian Group CEO; Mimi Kung, Prysmian Group Independent Board Member; Eric Rondolat, Signify CEO; Sabrina Ritossa Fernandez, Sycomore Asset Management; Maria Cristina Bifulco, Chief Sustainability Officer & IR Director Prysmian Group; and Massimo Battaini, Prysmian Group COO. For further details on all the events click here. The Global eNclusion Week will offer the opportunity to know more about how Countries, Companies and Associations are promoting Diversity & Inclusion around the world.

With the participation of an international and multicultural community, this initiative will feature one week of events open to everyone, where speakers from different industries and with different background will share their knowledge and best practices related to Diversity & Inclusion.
“We strongly believe that leveraging on gender, age and cultural diversity means creating more value and we are constantly building a work environment where all our employees can feel understood, respected and included, just as they are. This event is more than an aspiration: it is a necessity, or better, a business case for a Group that has to work with customers, suppliers and shareholders with different backgrounds and cultures. In order to improve this approach, it is necessary to raise awareness and build a positive dialogue, which can contribute to advancing the Group’s corporate culture”, commented Fabrizio Rutschmann, Chief HR Officer Prysmian Group.

Prysmian Group believes in the value of individuals, backgrounds, leadership styles and attitudes because each person has the potential to generate value to the Company. Its global footprint enables the Group to promote an inclusive environment, encouraging the development of corporate culture and identity. Side by Side is Prysmian Group’s project that promotes Diversity & Inclusion across the organisation.

The Prysmian Group
Prysmian Group is a world leader in the energy and telecom cable systems industry. With almost 140 years of experience, sales of €10 billion, about 28,000 employees in over 50 countries and 104 plants, the Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how.

May 12, 2021 – Leoni AG continues positive trajectory in the first quarter of 2021, which saw the initial WCS carve-out achieved. 

“We continued our operational recovery of the preceding quarters in the first quarter of 2021,” stated Leoni AG CEO Also Kamper. “We reached initial milestones in the improvement of our portfolio with the sale of Leoni Schweiz AG as well as the agreement on the disposal of business units of Leoni Kerpen GmbH. Overall, our progress in operational and strategic terms gives us confidence that we have embarked on the right course to stabilise our business on a sustainable basis. Our focus continues to be on diligently implementing all measures needed to further improve LEONI’s performance and efficiency in the future.” He cited the following positive news.

• Consolidated sales well up on the previous year in the first quarter of 2021

• EBIT before exceptional items as well as before VALUE 21 costs was, with earnings of €39 million, up substantially from the level of same quarter of the previous year (a loss of € 7 million) thanks to a sales increase and operational improvements

• Resolute implementation of our VALUE 21 performance and strategy programme; about €600 million of the gross cost savings potential realised as of 31 March 2021

• As expected, negative free cash flow of € 100 million substantially below the previous year’s neutral figure, which benefited considerably at the time from sale-and-leaseback transactions; free cash flow in the first quarter of 2021 was weighed down by the trend in net working capital related to the operational recovery

• Progress made with respect to strengthening our portfolio by having closed the sale of the first WCS unit, namely LEONI Schweiz AG, at the end of March 2021

• Agreement signed with a consortium of buyers on sale of LEONI Kerpen GmbH’s low-margin business units based in Stolberg; more than 160 jobs could be saved by continuing to operate these units in the hands of new owners at the site

• Sales and earnings outlook for fiscal 2021 raised: despite the persisting Covid-19 pandemic and bottlenecks in our global supply chains, outlook for Group sales now lifted to a significant increase (previously only a low double-digit percentage range); EBIT before exceptional items as well as before VALUE 21 costs should also improve significantly and now reach at least the break-even point

Madison, Connecticut, USA – May 10, 2021 – WAI completed its second virtual presentation of the Association’s Fundamentals of Wire Manufacturing (Fundamentals) course, with the courses presented over seven consecutive Wednesdays from March 17 to April 28 drawing a collective 165 attendees.

“The continued strong participation shows the industry need for sound, basic information,” said WAI Executive Director Steve Fetteroll, who observed that the virtual format has also proven to be a good fit for the industry. “While in-person programs presented at Wire Expo or Interwire are ideal, staging them on-line has allowed more companies to allow their employees to participate for a very affordable cost. We will continue to offer Fundamentals at our trade shows, including Interwire 2021, but the virtual version has evolved from an emergency replacement to a full-fledged program that we are proud to offer.”

The presentations included: mechanics of wiredrawing, Matt Reinoehl, SDI LaFarga COPPERWORKS; drawing dies, Tom Maxwell, Jr., Die Quip; wiredrawing lubricant properties, David Gzesh, Blachford Corporation; wire breaks and surface damage, Dr. Horace Pops, Horace Pops Consulting; fundamentals of ferrous metallurgy, Anand Bhagwat, Minova USA Inc.; stranding and cabling, Kevin Dancy, Roteq Machinery Inc.; extrusion, Erik Macs, Wire & Plastic Machinery Corp.; cleaning and coating of rod and wire, Zach McAfee and Chris Porada, Chemetall North America; ferrous testing and properties, Richard Gordon, C. Richard Gordon Consulting LLC; fundamentals of electrical testing, Casey Spradlin and Erika Akins, Southwire Company, LLC; marking and printing, Mark Spencer, W. Gillies Technologies LLC; ferrous heat treatment, Richard Gordon; manufacturing problem solving, Stacy Martin, Prysmian Group; and an Operations Panel, Jan Sørige, Enkotec; Tom Heberling, Southwire; and Jim York, Insteel Industries, Inc.

The first virtual Fundamentals program, which replaced the program that could not be held when Wire Expo was canceled due to Covid-19, was held over seven consecutive Wednesdays from Sept. 16 to Oct. 28, 2020. The program, which saw two sessions each week that were each 70 minutes long (up from 45 minutes), drew a total of 199 attendees from 28 countries. The format received very positive reviews.

Virtual formatting quickly became a WAI focus due to Covid-19. WAI presented Streamcast on July 15, 2020.The online presentation of 12 industry speakers saw more than 250 individual attendees take part, setting a record for any WAI online event. On Nov. 11, 2020, WAI held a trifecta virtual event that included the Association’s annual clockwinding ceremony, its annual meeting and the 2020 Mordica Lecture by Dr. Gil Baker. A separate three-part webinar series by Dr. Horace Pops in January/February saw all 500 available slots filled before the first one was held.

Madison, Connecticut, USA – May 10, 2021 – Interwire 2021: registration is open
It is with great pleasure that WAI announces that registration—at www.interwire21.com—is now officially open for Interwire 2021, which returns to the Georgia World Congress Center at the rescheduled dates of Oct. 26-27.

At press time, the good news has been that aside from the event itself, the backdrop should be better and better as the percentage of vaccinated people continues to rise over the next five months. Yet WAI is taking every measure to make sure that the return to Atlanta is both safe and worthwhile.

WAI has been working diligently with its long-time show contractor, Shepard Exposition Services, and the staff of the Georgia World Congress Center, to ensure that a comprehensive operating plan will be in place for Interwire. Only recently have meetings and exhibitions restarted, so WAI and its Atlanta partners will be consistently monitoring best practices, and will adjust plans accordingly. More details will be provided in future issues, but they all will be based on what will best ensure the health and safety of all participants and contractors.

In normal times, WJI would not be going into details on an event that is still far off, but it is worth noting again that much effort is being put into a showcase for the potential of Industry 4.0, which includes elements such as automation, AI, robotics, data analytics, and machine learning. Ready or not, change has arrived, and representatives at the Industry 4.0 Pavilion will be there to inform and inspire Interwire attendees.