International Wire Announces the Idling of Two Plants

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Tue Mar 24, 2009 7:56am EDT

CAMDEN, N.Y.--(Business Wire)--
International Wire Group, Inc. (Pink Sheets: ITWG) today announced that it is
idling production at the Jewett City, Connecticut and Littleton, New Hampshire
plants. Lower production requirements are the result of continued weak customer
demand in the aerospace and electronics/data communications markets in the first
quarter of 2009 due to difficult general economic conditions. Customers will be
served by our other 13 U.S. facilities. 

About International Wire Group, Inc.

International Wire Group, Inc. is a manufacturer and marketer of wire products,
including bare, silver-plated, nickel-plated and tin-plated copper wire, for
other wire suppliers, distributors and original equipment manufacturers or
"OEMs." Its products include a broad spectrum of copper wire configurations and
gauges with a variety of electrical and conductive characteristics and are
utilized by a wide variety of customers primarily in the aerospace, appliance,
automotive, electronics/data communications, industrial/energy and medical
device industries. The Company manufactures and distributes its products at 19
facilities located in the United States, Belgium, France and Italy. 

Forward-Looking Information is Subject to Risk and Uncertainty

Certain statements in this release may constitute "forward-looking" statements
within the meaning of the Private Litigation Reform Act of 1995. Forward-looking
statements include all statements that are not historical facts and can be
identified by the use of forward-looking terminology such as the words
"believes," "expects," "may," "will," "should," "seeks," "pro forma,"
"anticipates," "intends," "plans," "estimates," or the negative of any thereof
or other variations thereof or comparable terminology, or by discussions of
strategy or intentions. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions as to future events
that may not prove to be accurate. Actual outcomes and results may differ
materially from what is expressed or forecasted in these forward-looking
statements. As a result, these statements speak only as of the date they were
made, and we undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Many important factors could cause our results to differ
materially from those expressed in forward-looking statements. These factors
include, but are not limited to, fluctuations in our operating results and
customer orders, unexpected decreases in demand or increases in inventory
levels, changes in the price of copper, tin, nickel and silver, copper premiums
and alloys, the failure of our acquisitions and expansion plans to perform as
expected, the competitive environment, our reliance on our significant
customers, lack of long-term contracts, substantial dependence on business
outside of the U.S. and risks associated with our international operations,
limitations due to our indebtedness, loss of key employees or the deterioration
in our relationship with employees, litigation, claims, liability from
environmental laws and regulations and other factors. For additional information
regarding risk factors, see our discussion in Part I, Item 1A of our latest
Annual Report on Form 10-K and other filings with the Securities and Exchange
Commission. 

ITWG-G 





International Wire Group, Inc.
Glenn J. Holler, Senior Vice-President, Chief Financial Officer & Secretary
314-238-1322 



Copyright Business Wire 2009

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