International Wire Sales Fall in 4Q
International Wire Group, Inc., Camden, NY, reported sales for the fourth quarter ended Dec. 31, 2007, were down 3.9% to $176.7 million. The decrease was primarily due to an increase in tolled copper volumes, but was partially offset by greater sales volume, higher customer pricing/mix and the impact of a stronger euro versus the U.S. dollar.
Excluding the effects of slightly higher copper prices and an increased level of tolled copper, net sales increased $5.6 million.
Profit was $2.5 million for the three months, up $1.6 million.
In 2007, our customers’demand resulted in increased product volume for HPC’s aerospace and medical device markets, our operations in Europe and our domestic bare wire segment to the industrial/energy and automotive markets. …
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