Wire Line
June 2002��VOL. 13, NO. 6�
Meetings & Membership News

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by Emily Bardach, Director of Meetings & Membership

The Operations Managers Meetings are Back - October 28-29, 2002
Have you been eagerly awaiting the next meeting of the AWPA Operations Managers? It has been a full year since we had to cancel the 2001 Fall Operations Meeting, but we are happy to announce that the meeting has been rescheduled for October 28-29, 2002 in Vancouver, BC.

This two-day program has been designed to suit the needs of YOU - the Operations Manager (OM) - by providing important information and opportunities to confer with colleagues. We ask AWPA's OM's about the challenges they face in the operation of their facilities. We then use this information to design a timely program. Most recently, you wanted to learn more about the ongoing "energy crisis" and how it will continue to affect the wire industry and your plants. The meeting will also feature presentations on wire machinery and equipment - another interest area you have expressed to us. So here it is: Monday begins with the general session where there will be energy professionals on hand to address the issues and answer questions. We will then break into round table discussion groups giving you the opportunity to address and discuss the issues you are facing with other industry professionals. In the evening there will be a reception and dinner and the continuing opportunity for discussions. Tuesday begins with breakfast and another informative general session. Group discussion reports and presentations from three machinery supplier companies will be given. The meeting will conclude with lunch and a tour of the Tree Island Industries facilities, in Richmond, BC.

For the latest meeting information, bookmark the AWPA Calendar of Events page at http://www.awpa.org/calendar.cfm. Meeting information and online registration will be available in July. Hope to see you in Vancouver along with your AWPA colleagues.

CHAIN LINK FENCE MANUFACTURERS INSTITUTE
Fall Operations Managers Meeting
Vancouver Airport Conference Center - Vancouver, BC, Canada
Host Tour - TI Industries Ltd.

Preliminary Schedule
Monday, October 28, 2002

10:00am-2:00pm� Registration
9:00am-1:00am Operations Steering Committee Meeting/Lunch
9:00am-1:00am� Environmental Affairs Subcommittee Meeting/Lunch
2:00pm-5:00pm GENERAL SESSION & Roundtable Discussion Groups
5:30pm-6:00pm Reception
6:00pm-8:00pm� Dinner


Tuesday, October 29, 2002

7:00am-8:00am Breakfast
8:00am-11:00am� GENERAL SESSION
11:30am-3:30pm Plant Tour & Lunch (off property)

Welcome New Member
Michigan Wire Processing Co., Inc. has provided coiled rod processing for the cold heading and fastener industry since 1975. Located in Lowell, Michigan, the company is well positioned to service the Midwest. A sister trucking company dedicated to the delivery and pick-up of rod, further complements their excellent record for just-in-time deliveries.
Contact Information: Jim Herb
Sales & Marketing Manager
P.O. Box 70
Lowell, MI 49331
TEL: 616-897-6080
FAX: 616-897-6226
Email: jsherb@triton.net
Membership type: Associate Supplier

IWP to Upgrade/Move CA Facility
Industrial Wire Products (IWP), a Southern California-based producer of steel wire, bar and fastener products, has announced that it will move and upgrade its Los Angeles manufacturing operations which has manufactured steel wire products there since 1956.

IWP is a combination of four companies that produce carbon steel and alloy wire, carbon steel and alloy bars, mesh, both carbon and stainless cold heading wire, collated nails and anchor bolts. The company will relocate its LA facility to 150,000 square feet of available space where it currently has operations at its 17-acre industrial complex. "This move will consolidate operations such as cleaning, annealing and finishing operations in one location, which will significantly reduce costs and reduce production lead times," said Peter Cronin, President of IWP. "Combined with our planned investments in new equipment, our customers will benefit with shorter lead times and faster delivery."

Plans to invest more than two million dollars in new equipment and upgrades should be completed by September of this year. The company is also expanding its cold heading operations with the addition of two new Frigerio wiredrawing machines, electric furnaces and new controls, along with upgraded surface overhauling capabilities. This capital investment will expand and improve IWP's capabilities to produce aerospace, commercial and automotive cold heading wire.

In 1940, IWP became one of the country's first wire drawing companies. The company has grown to include 250,000 square feet of manufacturing space and 235 employees. Reducing costs and tightly managing their facility will help IWP remain competitive in this demanding marketplace. Joe Monaco, formerly of Techalloy Company and the former MGF Industries, has been hired to spear-head this aggressive growth program.

First Max Moore Entrepreneurial Spirit Award Chooses Habitat for Humanity
David Libla, president of Mid Continent Nail Corporation, has selected the Poplar Bluff Habitat for Humanity to be the beneficiary of the $1000 monetary award which is conferred in his selection as the 2002 Recipient of the Max Moore Entrepreneurial Spirit Award. David is the first recipient of this award which was presented at the AWPA Annual Meeting in February. In addition to the charitable donation in his name, he received an engraved and very majestic statue representing the entrepreneurial spirit which is the essence of the award. (The award is displayed on the AWPA website on the Member Site home page.) David's name will be the first one listed on a perpetual plaque that will be displayed at the AWPA office and on which each future recipient will be commemorated.

An anonymous donation was given to the AWPA to establish an award to memorialize Max Moore, a former AWPA leader who was tragically killed in a plane crash in 2000. The recipient of this annual award displays the entrepreneurial spirit, the leadership qualities and the community service with which Max Moore lived his life. We congratulate David Libla and the Poplar Bluff Habitat for Humanity.

Insteel Divests
Insteel Industries, Inc. announced that it agreed to sell certain assets related to its industrial wire business to Leggett & Platt, Inc. for approximately $10.2 million. The purchase price is subject to a final adjustment following the closing of the transaction, which occurred on May 20, 2002. During the first six months of fiscal 2002, the operations that were divested, located in Andrews, South Carolina, generated $19.0 million, or 15%, of Insteel's consolidated net sales.

"The sale of the South Carolina industrial wire business marks another milestone in our efforts to reduce debt and narrow the Company's focus to its core businesses," said H.O. Woltz III, Insteel president and chief executive officer. "We are continuing to pursue further actions to pay down debt and improve the Company's financial performance to acceptable levels."

Insteel Industries is one of the nation's leading manufacturers of wire products. The Company manufactures and markets concrete reinforcing products, industrial wire and tire bead wire for a broad range of construction and industrial applications.

Send your Company News
Keep AWPA informed and we'll keep the Wire Industry informed about your latest company news and personnel promotions. Send your company press releases to Emily Bardach -ebardach@awpa.org.

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American Wire Producers Association
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Alexandria, VA 22314-1757
Tel (703) 299-4434 | Fax (703) 299-9233 | E-mail info@awpa.org | Web: www.awpa.org