|
July 28, 2009 – Nexans confirmed today that it has signed an agreement to sell its Montreal rod mill to AmRod Corp., based in Port Newark, New Jersey, USA. The closing of the transaction is scheduled to take place in the fourth quarter of 2009, subject to a number of conditions including regulatory approval.
The agreement signed with AmRod is consistent with Nexans’ corporate plan to reduce outside sales of copper rod and focus on its core wire and cable businesses. Business at all other Nexans’ North American facilities will not be affected by the sale.
About AmRod Corp.
AmRod is a leading independent copper rod producer in the Northeastern USA. For more than 25 years, AmRod has provided high quality, reliable and competitive continuous cast copper rod to the wire drawing industry in the United States and Canada. See more on AmRod at www.amrod.com.
AmRod copper rod is used to make the complete spectrum of wire and cable products covering all gauges, customer-specific internal and surface quality grades, and various applications (communications, magnet wire, industrial, and building). AmRod also provides comprehensive hedging and risk management services, storage and distribution services as well as transportation and technical support services to its customers.
|
