Wieland Werke AG

Increasing copper demand: Wieland Group raises metal premiums from 2011

Against the background of a constant positive economic trend, leading producers and analysts expect an increase of the global copper demand next year. Consequently, the premiums for long term contracts in 2011 have been raised.

The Wieland Group is facing the necessity to pass on these costs and therefore the premiums will increase for deliveries from 1 January 2011 for the following metals:


Copper: +   35 US Dollar/ton

Nickel: + 100 US Dollar/ton

Tin: + 200 US Dollar/ton

Zinc: +   20 US Dollar/ton

Lead: +   20 US Dollar/ton

Aluminium: + 100 US Dollar/ton


If the economic context should change, Wieland will reserve the right to make a further adjustment. Regardless of the temporary market influences, the Wieland Group ensures the physical metal supply by long term contracts with global metal producers and traders. 


For further information please contact:

Wieland-Werke AG
Ms. Karin Maier
Phone: +49-731-944-2663
Fax: +49-731-944-42663
karin.maier@wieland.de
www.wieland.de


Wieland Group

The Wieland Group with headquarters in Ulm (Germany) is one of the world’s leading producers of semi-finished and special products in copper and copper alloys, including strip, sheet, tube, rod, wire, sections, slide bearings, finned tubes, and heat exchangers. Wieland supplies customers in numerous markets, producing over 100 different copper alloys, which are used in the electrical and electronic industry, automotive industry, in construction and mechanical engineering as well as heating, air-conditioning and refrigeration industries. Together with its customers Wieland develops solutions for individual and industrial applications. The Wieland Group operates over 30 production sites, slitting centers, and trading companies in Europe, North America, Asia, and Africa. The global workforce of the Wieland Group is approx. 6,500 strong of which 4,000 are employed in Germany.