SPS to rebuild destroyed plant, plans to reopen it by 2028
A fire on February 17 destroyed over 80% of SPS Technologies’s 560,000-square-foot aerospace fastener plant in Jenkintown, PA. Parent firm Precision Castparts Corp will rebuild, planning a 350,000-square-foot LEED-certified site by early 2028, rehiring some displaced employees and enhancing fire safety and environmental protections.
InnoVites wins prestigious 2025 digital award in business and technology sector
InnoVites, based in the Netherlands, was named “Wire & Cable Digital Transformation Leader of the Year 2025” at the Global Business Awards. The company earned this honor for its CableERP and cableCORE MES platforms, which empower wire and cable manufacturers to modernize operations, drive efficiency, and boost agility across the supply chain.
Finland maker of concentrates & compounds opens U.S. plant
Premix Group, a Finnish leader in electrically conductive plastics, opened a new manufacturing facility in Apple Creek, North Carolina, in 2025, enabled by a $79 million U.S. government contract. The state-of-the-art plant enhances domestic supply of advanced PE and PP compounds needed for critical diagnostics and electrostatic protection, reducing U.S. dependence on overseas suppliers.
WCMA to hold annual meeting on Dec. 4
The Wire & Cable Manufacturers Alliance (WCMA) will hold its Annual Membership luncheon meeting on December 4, 2025, at the Hartford Marriott Downtown. The event features keynote speaker Robert Fry, networking sessions, young professional panels, and a Toys for Tots charity drive, with discounted lodging available for attendees who register by November 28.
NKT subsidiary in Slovakia is 1 of 11 cable makers part of an antitrust probe
NKT A/S, through its Czech unit NKT s.r.o., is under investigation by Slovak competition authorities for alleged collusion in the cable sector, which the company denies. The probe involves 11 cable makers and may lead to fines, with a decision expected in six to twelve months. NKT is also being reviewed by Czech regulators, with outcomes still pending.