Sweden’s Axjo to open its 2nd U.S. reel production plant, this one to be in Texas

Sweden’s Axjo Group is expanding its cable reel production business by opening a new manufacturing facility in Haltom City, Texas. The move marks an important step in the company’s long‑term growth strategy and strengthens its North American market presence. The new plant spans 160,586 square feet and sits just outside Fort Worth. Axjo Group plans to begin operations in January, starting with 30 employees. The facility […]

ArcelorMittal to sell Bosnia steel mill that had set a record for wire rod production

ArcelorMittal will divest its Bosnia-Herzegovina assets—including the Zenica steelworks, a leading Balkan wire rod producer—to Pavgord Group. Amid market headwinds and recent losses, the sale retains 2,700 jobs and transfers facilities with nearly 1 million tons in annual capacity, reinforcing regional continuity in long product supply.

LS C&S quadruples HVDC cable capacity through addition of cable production plant

LS Cable & System has completed its fifth submarine cable plant in Donghae-si, South Korea, quadrupling HVDC capacity and establishing Asia’s largest production site. Coupled with a new 10,000-ton cable-laying vessel from LS Marine Solution, the company now offers full turnkey capabilities for global long-distance HVDC cable projects.