EuroWire January 2024

Corporate News

Swiss Steel divests Eastern European entities Swiss Steel Group, a producer of special long steel solutions, has announced the completion of the divestiture of several distribution entities in Eastern Europe. In February 2023, Swiss Steel Group signed an agreement with IMS group – a division of Jacquet Metals – for the sale of entities in the Czech Republic, Poland, Slovakia, Hungary, Lithuania, Estonia and Latvia that generated a total net revenue of €158mn and an EBITDA of €12mn in 2022. term growth. The group reaffirmed its commitment to maintaining its existing mill-direct business in the respective countries.

This marks the second significant agreement between Swiss Steel Group and Jacquet Metals, following the sale of distribution entities in Germany, Austria, Belgium and the Netherlands in 2015. Swiss Steel Group https://swisssteelgroup.com ISEND SA ISEND produces solutions for rolling mills: non-destructive testing (NDT) with eddy current, machine vision and artificial intelligence; and mass flow control. EDDYeyes is an NDT solution for hot rolled and cold-processed long products, featuring defect detection by eddy current, real-time image capture, and automatic identification and classification of defects using machine learning and AI. The system facilitates 100 per cent production quality

The move towards a global distribution network that promotes and sells own mill products represents a milestone in the ongoing implementation of Swiss Steel Group’s vision for the future and the continuation of its SSG 2025 strategic programme. Magnetic Analysis Corp Magnetic Analysis Corp (MAC) will be featuring the Minimac® II at its stand. The Minimac II is the latest addition to MAC’s range of eddy current test instruments for detecting surface and sub-surface defects such as laps, slivers and cracks in non ferrous and ferrous wire and rod. It features an embedded processor host computer and can be supplied with one or two test channels. Its versatility allows it to be used in a wide range of applications in wire and rod mills during production. Read the full story in the March issue

The divestiture allows Swiss Steel Group to streamline its operations and focus on core strengths, positioning it for increased competitiveness and long

RichardsApex, Inc RichardsApex, a manufacturer of wet lubricants for the ferrous, non-ferrous and alloy wire and tube industries, will be displaying its latest technology. From wire drawing, tube drawing and hot-rolling applications, RichardsApex provides semi synthetic, fully synthetic and straight oil form compounds for wet drawing of non-ferrous and ferrous wire, as well as protective coatings, cleaners and corrosion inhibitors for all non-ferrous and ferrous alloys, for both wire and tube applications. Read the full story in the March issue

assurance and decision making. Read the full story in the March issue

Conform™ – Conklad™ Original Technology for Continuous Rotary Extrusion Applications Include: • Solid Aluminium Conductor (round or sector shape for MV and HV cables)

• Aluminium or Copper Conductor for Electric Vehicles • Copper or Aluminium Rectangular Wire & Bus Bar • Seamless Aluminium Sheathing of OPGW & Other Cores • Aluminium Cladding of Steel Wire (AS Wire, ACSR Wire) • Aluminium Refrigeration Tube • Precious Metals • Powder Extrusion for Additive Manufacturing

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January 2024