Milwaukee, Wisconsin – IEWC has been named a “2023 Top Workplaces USA” award-winner. This is the second consecutive year that IEWC has been recognized with the Top Workplaces honor. In 2022, IEWC received its first Top Workplaces award as a regional winner. For 2023, IEWC has been recognized as a national winner.
The Top Workplaces honors are awarded by Energage, a company that specializes in surveying employee engagement. The awards are given to those companies that demonstrate “exceptional workplace cultures.” The global survey allows US-based companies to measure their performance against other companies, and awards are given for regional, national, and market-specific categories.
IEWC performs this annual survey for its 600+ global employees, measuring employee engagement and assessing various aspects of IEWC’s culture. The employee feedback is used to identify and ultimately address areas where IEWC can continue to improve as a company. It’s that commitment to continuous improvement which allows IEWC to build upon its successful culture.
“The fact that we are being recognized in two consecutive years, and that we’re being recognized on a national level, is something all of us at IEWC can be very proud of,” said Brian Hinton, Chief Human Resources Officer at IEWC. “Our wonderful culture is built on a foundation of strong values, none of which is possible without an incredibly engaged workforce. The IEWC team is thrilled to be recognized once again as a “Top Workplaces” winner.
“The companies recognized as Top Workplaces have high performance, people-first cultures,” said Greg Barnett, Ph.D., Chief People Scientist at Energage. “These companies are successful because they put their people at the center of all they do. By prioritizing the employee experience, they are known to out-produce, out-innovate, and out-deliver the competition.”
About IEWC - (www.iewc.com)
IEWC is a global distributor of wire and cable products, manufacturer of custom fiber assemblies, and provider of value-add solutions that advance a connected world. As a partner to thousands of companies in a wide array of manufacturing and infrastructure industries, IEWC has been an entrusted partner supporting customer supply chain, logistics and product quality initiatives for 60 years. IEWC is an employee-owned company with nearly 30 locations in seven countries, serving customers in almost 100 countries. Having grown organically and through acquisition during its 60-year history, today IEWC spans the globe with divisions in North America, Asia-Pacific and Europe (under the Premier Cables brand) and serves the telecommunications industry under the Cablcon brand.
Bekaert is delighted to have been selected as a member of the new BEL ESG index and see our sustainability performance and progress recognized.
The BEL ESG index comprises the leading sustainable, Belgian listed companies and tracks those demonstrating the best environmental, social and governance practices. The index also highlights the market’s growing demand for sustainable investments. The company celebrated the inclusion of Bekaert in the BEL ESG index during a bell ceremony at Euronext Brussels.
In related news, Bekaert also reported signing a third Power Purchase Agreement in India, leading to a total CO2 reduction of more than 60% at Bekaert’s operations in India.
In line with the company’s sustainability ambition to reach Carbon Net Zero, Bekaert takes action to continuously decrease its direct and indirect greenhouse gas emissions by improving the energy efficiency and by increasing the proportion of energy supply from renewable sources. Through the investment in new renewable energy projects, Bekaert enables the addition of green energy capacity and increases the proportion of its renewable energy supply. Bekaert has now signed a Power Purchase Agreement (PPA) to source electricity from a 10 MWp solar farm in India. The solar farm is projected to be operational by year-end 2023.
This is Bekaert’s third PPA in India, adding to earlier projects of 22.5 and 14 MWp each. These three renewable energy facilities will offset more than 60% of carbon emissions from electricity used by Bekaert’s operations in India, representing a major step towards Bekaert’s Carbon Net Zero ambition.
Henkel has signed an agreement to participate in the membership program of The International Centre for Industrial Transformation (INCIT). By joining INCIT´s partner network the Adhesive Technologies business unit aims to leverage INCITs tools and frameworks to further drive the digital transformation of its operations. Henkel is the first company to join INCIT’s membership programme, following the inclusion of multiple governments. |
Three officials of U.K.-based Alloy Wire International (AWI) have purchased the business from the owners through a buy-out.
A press release said that Managing Director Tom Mander, Technical Director Andrew Du Plessis and Finance Director Adam Shaw have completed the deal. “This is another major milestone in the history of AWI and gives us the platform to capitalize on recent growth and massive export opportunities,” Mander said. He noted that the owners have over 45 years’ combined experience of working here. “It was a natural progression for us to step forward and take the business on, with previous Managing Director Mark Venables moving to Chairman for the next five years and R&D Director Angus Hogarth taking a consultancy role.”
Per the company website, this marks the third such MBO change for the 77-year-old company. In 1991, the management team of Bill Graham, Len Deeley, Martin Cobb, Paul Wiltshire and Tony Tonks led a management buy-out. Mark Venerable joined the company in 2010 and became managing director in 2011, with Graham becoming chairman. In 2013, the management team of Venerables, Angus Hogarth, Ian Fitzgerald and Pete Lambe bought the company. “There’s something very special about this business and this MBO ensures we maintain and cultivate this for the next 75 years,” Manser said.
The company notes that it has a solid global customer base that is 6,000 strong. It has targeted annual sales of £15 million, which would be a new high. Supporting that goal, the company plans to make investments of nearly £1 million this year that will include new wet drawing and single-hole dry drawing machines, an annealing line spooler and several hundred metric tons of raw material.
AWI has two state-of-the-art factories and a network of 45 international offices. It supplies sectors that include aerospace, nuclear, automotive, chemical, electronic, medical and oil and gas.
Venables said that he is delighted that the new owners have come from within the company. “The new management team are well versed in the Alloy Wire International culture and will also bring a youthful exuberance, passion, and eagerness to innovate traditional processes and industry norms. They have already ring-fenced significant investment for the next five years and are keen to work on increasing our international network of agents, with discussions currently taking place on establishing a bigger presence in Egypt and the Middle East. ... I’m really looking forward to seeing how Tom, Adam and Andrew take the business forward.”
Superior Essex Inc. has signed an agreement to purchase Lacroix + Kress GmbH, a leading oxygen-free copper (OFC) drawing manufacturer in Europe, from Mutares SE & Co. KG.
A press release said that the strategic acquisition further solidifies a commitment by Superior Essex to the growing EV market. OFC, it noted, is a key component in electric vehicles (EVs). The deal will allow Superior Essex to create vertically integrated operations in Europe between its magnet wire businesses and a joint manufacturing site in Bramsche, Germany. A second plant in Neunburg vorm Wald, Germany, will also expand the specialty wires offerings. The two plants have approximately 250 employees.
“This is an exciting investment into not only the future but also the present,” said Klaus Borstner, president of Essex Furukawa Magnet Wire Europe, Essex Energy Italy and Global IVA Enamels in Europe and China. He believes the acquisition will create synergy between the plants and more rapidly advancing innovation for the automotive, energy, and industrial industries. “Having the two plants share a location in Bramsche can immediately improve efficiencies, and increase innovation, while the new location in Neunburg vorm Wald allows us to expand our product portfolio. ... We believe that this acquisition will help add value to our existing customers as well as create new opportunities as we honour the existing relationships that originated with Lacroix + Kress.”
The sale of Lacroix + Kress to Superior Essex follows Mutares’ exit strategy to find the best new owner. “We believe that Superior Essex can leverage significant synergies not only due to the already strong business relationship between the two companies but also due to their shared local presence in Central Europe,” said Johannes Laumann, CIO of Mutares SE & Co. KGaA.
Both Superior Essex and Lacroix + Kress were previously affiliated through a European Joint Venture with Nexans in 2005. This acquisition brings the two companies once again under the same ownership. The transaction is expected to be completed during the first quarter of 2023.
How to resolve AdBlock issue?