Sikora AG acquired by Swiss MAAG Group
Germany’s SIKORA AG, a leader in wire and cable measurement technology, was acquired by Switzerland’s MAAG Group. This partnership, uniting shared values and complementary portfolios, aims to strengthen global market presence, foster innovation, and support continued growth for both companies under Dover Corporation.
Nexans wins contract to supply the 2nd Malta-Sicily Power Interconnector
Nexans has won a €300 million contract to supply a 99-km HVAC subsea cable for Malta-Sicily’s second interconnector, boosting Malta’s energy security and renewable energy efforts. The company also advances sustainability with recycled aluminum in low-carbon cables from its Jeumont and Bourgen-Bresse plants.
China’s FiberHome has opened an optical fiber cable plant in Hungary
FiberHome has launched its first European plant in Kisbér, Hungary, to locally produce optical cables. The €20M ZettaNet project, supported partly by the Hungarian state, aims to strengthen Chinese-Hungarian ties and enhance FiberHome’s European footprint with high-tech manufacturing and R&D.
R&L Spring opens its 3rd plant
R&L Spring Company™ has expanded its Wisconsin operations with a new 50,000 sq ft facility in Elkhorn, supporting future growth. The family-run firm, known for precision springs and wire forms, now operates three sites, including two in Lake Geneva serving OEM and medical device markets.
India’s largest cement manufacturer plans to enter the wire and cable industry
UltraTech Cement is investing $216 million to enter India’s wire and cable industry, with production set for December 2026 in Gujarat. The initiative aligns with its vision to expand its role in the construction value chain and target residential, commercial, and industrial sectors.