Liberty Steel owner gets funding needed for steel business restructuring plans
5/4/2022 – U.K. metals tycoon Sanjeev Gupta has secured $125 million in new financing for Liberty Steel, a manufacturer of steel wire rod in the U.S. In an article in The Wall Street Journal, Liberty Steel USA reported that it has been given funding from Eclipse Business Capital, a U.S. lender. It replaces an existing […]
Prysmian plans to make some €1 billion in investments by 2024 to meet its needs
5/4/2022 – The Prysmian Group reports that it is keeping pace with executing its plan to invest some €1 billion by 2024, mainly targeted at developing businesses that support the energy transition. A press release said that global trends for creating more power through renewable resources were fueling the company’s investment plans. “Development of the […]
RR Kabel plans to make substantial investments over the next three years at its plants in Vadodara and Silvassa in union territory Diu, Daman, Dadra and Nagar Haveli (DNH).
5/4/2022 – Per a report in The Times of India, RR Kable plans to invest more than 1,000 crore (one crore equals approximately $131,000 as of April 16). “We are having major expansion plans at our facility in Vadodara and Silvassa. The manufacturing capacity will be ramped up and new facilities will also be set […]
Madem Group to expand North American presence with a 2nd reel plant in Texas
5/4/2022 – The Madem Reels Group will open a new plant in North America as part of its expansion plans. A press release said that shareholders of Madem-Moorecraft Reels USA, Inc., have agreed to open a new manufacturing, assembly and distribution plant in Denton, Texas. This will be the company’s second manufacturing plant in North […]
Google project calls for an undersea fiber optic cable to connect Canada and Japan
5/4/2022 – Google has announced a project to connect Canada and Japan with an undersea fiber optic cable called Topaz, a project that will connect Vancouver and Port Alberni to Mie and Ibaraki prefectures in Japan. A press release said that Topaz will have 16 fiber pairs that are capable of speeds up to 240 […]