August 23, 2010

After last year’s massive economic downturn, the demand for Wieland products has recovered significantly.

At the same time, costs are rising disproportionately. In order to counter this development, the company continuously strives to reduce costs and to improve productivity.

Nevertheless, these steps are not sufficient to guarantee long-term economic production and to ensure product supply to our customers.

Therefore, Wieland is forced to increase the fabrication prices by 5 % as of 1 September 2010.

July 15, 2010

Sustainability in technology and economy is becoming increasingly important for German companies. Wieland-Werke AG has this year – for the second time since 2008 – offered a prize at the Ulm University of Applied Sciences for master theses whose results enhance sustainable development in ecology, economy and/or the social field.

The recipients of the award this year are Katharina Albert M. Eng. and Professor Dr. Steffen Wettengl who supervised the master thesis. In her master thesis, Katharina Albert was dealing with the Personal Rapid Transit (PRT) network of Masdar City in Abu Dhabi. Masdar City has been planned as a carbon-neutral, car-free science city whose energy supply will be met entirely by renewable sources. Public transport will be based on a PRT network with electrically powered vehicles taking passengers to their chosen destination.

The Wieland award for sustainable technology and economy is the largest cash prize to be awarded for student research at the University of Ulm. The supervising professor also receives a sum of money in recognition of his performance and scientific activities.

May 11, 2010

The Wieland Group acquires the stake held by Kobe Steel

KobeWieland is announcing a change in the ownership structure as of October 1, 2010. The Wieland Group will take over the 40% stake held by Kobelco and will becomethe sole owner. KobeWieland will be renamed to Wieland Copper Products, LLC.

"This step is a continuation of Wieland's strategy in the North American market" said Steffen Sigloch, Chief Executive Officer of KobeWieland.

In 1999 Wieland opened a facility for outside enhanced copper tubes in Wheeling, IL. In 2003 a 50/50 joint-venture was formed with Kobelco to offer the full range of copper tubes for HVACR applications. The company has seen substantial investment in machinery and R&D over the last 7 years.

KobeWieland, based in Pine Hall, NC, is a leading manufacturer of copper tubing for the HVACR and plumbing wholesale markets. It employs 525 associates at its plants in Pine Hall, NC, and Wheeling, IL. The Wieland Group, headquartered in Ulm, Germany, is a leading manufacturer of semi-finished products in copper and copper alloys and employs about 6,500 associates in facilities in Europe, Asia and the United States.

From 1. May 2010

As a result of the economic crisis and the continuously high metal prices, the financial burden for the Wieland Group has increased significantly.

Therefore, as from 1 May 2010 the company will reduce the payment terms for deliveries by one third. This preventive step is necessary to ensure a stable financing in the long term.

We thank you for your understanding.

24.04.10
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