Canada Wire and Cable Company Ltd.

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Canada Wire and Cable Company Ltd.

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1911-

Histórico

Canada Wire and Cable Company Ltd. was one of the largest manufacturers of electrical wire and cable in Canada.

Noranda Mines' entry into manufacturing occurred when it purchased a substantial interest in Canada Wire and Cable Company, Ltd. in 1930. This happened when Canada Wire decided to build a copper rod mill in Montreal adjacent to Noranda's new copper refinery. This mill was an important outlet for Noranda's copper production at the time.

Canada Wire then grew into the company's most important manufacturing enterprise, and several other interests were developed out of it. Since 1950, Canada Wire's growth occurred through a combination of new plant construction and acquisitions. Canada Wire operated over 11 plants and 7 warehouses across Canada.

In additional to its substantial growth in Canada, starting in 1961 Canada Wire began to make foreign investments. These usually involved the company providing financial and technical assistance in return for a minority interest. Canada Wire started with investments in Central and South America, and later held interests in ten different countries.

Canada Wire also had a fertilizer division at Belledune, New Brunswick. This plant, with a capacity of 220,000 tons per year of diammonium phosphate, was acquired through the refinancing of Brunswick Mining and Smelting. The principal raw materials were sulphuric acid, which was obtained from Brunswick, and phosphate rock which was brought from Florida.

Besides its operating divisions, Canada Wire also had investments in several companies primarily involved in research and development activities.

Source: Royal Commission on Corporate Concentration, Noranda Mines Limited: A Corporate Background Report. 1976. p. 14-15, 54-55.

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