EoW November 2009

corporate news

Landmark extruder A 2.5”, 24:1 L/D corrosion resistant Ultra machine represents the 1,000 th extruder sold by American Kuhne since the company was founded in 1997. Bound for the Nexans Electronics Cable facility in Elm City, North Carolina, the handover of the landmark extruder was the focus of a ceremony for American Kuhne and Nexans employees at AK’s new custom designed manufacturing facility in Ashaway, Rhode Island. Extruder number 1,000, a 2.5”, 24:1 L/D corrosion resistant Ultra extruder for fluoropolymers, with Mr Art Deming (left) and Mr Doug Johnson (right), American Kuhne’s ▲ ▲ regional sales manager in the southeast The global economic crisis again exerted an adverse effect on Leoni in the second quarter of 2009, yet the company is reporting substantial progress compared with the first quarter. Although the Q2/2009 consolidated sales were, at €530.3 million, 35.3% below the previous year’s like-for-like figure of €820 million, they were around 8% above the first quarter’s figure. Mixed fortunes shown in figures

After taxes, the result was a net loss of €88.2 million, compared to the previous year’s net income of €45.9 million. As part of a capacity adjustment and to reduce costs, the company shed a significant number of jobs. On 30 th June 2009, Leoni employed 45,522 people group-wide, which was 7,762 fewer than on the same date in 2008. Of this total, there were 41,555 employees outside Germany, compared with 49,100 in 2008 and 3,967 in Germany, compared with 4,184 at the same date last year. Staff are currently working short-time at nearly all facilities in Germany and at numerous facilities abroad.

Nexans also purchased a 1.5" extruder in the same contract. The high temperature, corrosion resistant extruders will be used in the processing of fluropolymers and conventional resins. Nexans Electronics Cables supplies communications solutions and service to the aerospace/shipboard commercial and military markets. American Kuhne Inc – USA Fax : +1 401 326 6201 Website : www.americankuhne.com

Leoni AG – Germany Fax : +49 911 2023 231 Email : info@leoni.com Website : www.leoni.com

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EuroWire – November 2009