Japanese government may subsidize cost for NEC to acquire 2 cable-laying vessels
NEC, a major Asian undersea cable group, could receive up to $500 million in Japanese government subsidies to purchase two specialized cable-laying ships, addressing national security and supply risks. The first vessel may launch by 2027, strengthening Japan’s digital infrastructure autonomy as global competition intensifies.
Poland’s Tele-Fonika plans to build its 1st plant in the U.S., seeks state tax break
Tele-Fonika Cable Americas will invest $365 million to build its first U.S. cable manufacturing plant in Waller, Texas. Slated to begin operations in 2029, the facility will produce power, telecom, energy, and industrial cables, creating 75 jobs and expanding TFKable’s global manufacturing footprint.
U.S. company wins R&D grant to pursue new products for its cable plant in Scotland
Oceaneering International will expand cable capabilities at its Rosyth, Scotland plant, supported by a €465,000 Scottish Enterprise grant. The project focuses on qualifying subsea power cables for floating offshore wind, positioning the company to extend its subsea expertise into renewables while supporting jobs and advanced manufacturing in Scotland.
Amphenol follows up buy of CommScope unit with a 2nd cable manufacturer deal
Amphenol announced two major acquisitions: CommScope’s $10.5 billion CCS business and Trexon for about $1 billion. The deals significantly expand Amphenol’s fiber-optic, broadband, and specialty cable offerings, positioning the company as one of the largest U.S. wire and cable manufacturers while reshaping the competitive landscape.
Aug. 11 explosion at U.S. Steel plant in Clairton kills 2, most operations continue
Explosions at U.S. Steel’s Clairton Coke Works killed two workers and injured 10, shutting down batteries 13 and 14 but leaving most operations intact. Now under Nippon Steel, the facility faces investigations and renewed scrutiny on safety while pledging modernization and support for its workforce and community.