CRU Wire & Cable Report: Cable producers monitor Ukraine-Russia situation
3/4/2022 The war in Ukraine is proving a tense time for cable producers like Leoni, Nexans and TFKabel which have units located in the Ukraine. In this Insight we have a brief look at how producers are dealing with the unfolding situation and also what role Russia and Ukraine play in the cable markets in general. […]
Prysmian Group’s pursuit of innovation has support from the European Investment Bank
3/4/2022 –The Prysmian Group focus on speeding up innovation in the areas of ultra-rapid telecom networks and smarter, more sustainable power grids has been bolstered by financial support from the European Investment Bank (EIB), which has previously made available such funds. A press release said that the EIB has finalized financing of €135 million intended to […]
Turkish Metals producer to upgrade wire rod mill with Primetals Technologies
3/4/2022 – Metals producer Ege Çelìk Endüstrisi Sanayi ve Ticaret A.Ş. has contracted with Primetals Technologies for upgrades to its wire rod mill in İzmir, Turkey. A press release said that the addition of a new wire rod outlet will enable the company to expand its value-added product range for markets in Turkey and Europe, with […]
Schlatter Group acquires majority stake in Italian company, bolsters strategic position
3/4/2022 – Germany’s Schlatter Group announced that it has acquired a majority stake (51%) in Sokol Engineering Srl, a European manufacturer of wire processing equipment. A press release said that Sokol Engineering, based in Tavagnacco (Udine), Italy, develops and builds a comprehensive range of wire production equipment. That includes cold rolling, wire drawing and stretching lines […]
JDR Cable wins U.K. grant to develop higher voltage export and array cables
3/4/2022 – JDR Cable has been awarded a government grant for £1,606,711 for Accelerated development of Higher-voltage Export & Array cables for Dynamic applications (AHEAD). A press release said that the Department for Business, Energy & Industrial Strategy issued a total of £31,600,000 in 11 grants related to innovative floating offshore windfarm technologies. The application from JDR […]