NKT Wins €2B Contract to Deliver HVDC Submarine and Land Cables for Major Scottish Power Links
NKT has secured a €2 billion contract from SSEN Transmission to deliver 525 kV HVDC submarine and land cables for two major Scottish transmission projects. The links will support renewable energy integration, with manufacturing in Sweden and installation scheduled for completion around 2030.
LS Cable & System to diversify in the U.S. via a rare-earth magnet plant in Virginia
LS Cable & System will invest $689 million in three advanced manufacturing projects in Chesapeake, Virginia, including a rare-earth magnet plant. The company aims to strengthen U.S. electrification supply chains and expand into strategic materials. The plan builds on LS GreenLink USA, which will produce HV subsea and land cables starting in 2027.
Hengtong Group wins the largest share of a major telecom contract from China Mobile
Hengtong Cable, a subsidiary of Hengtong Group, secured the largest share in China Mobile’s centralized procurement for LV flexible power cables used in telecommunications. The project totals more than 50,250 km of cable, with Hengtong winning 27.78%. The contract supports China Mobile’s large-scale telecom power expansion.
Sumitomo wins contract for U.K. project
Sumitomo Electric will supply and install 140 km of 525 kV HVDC subsea cable for National Grid’s 2 GW Sea Link project between Kent and Suffolk. The route will run through the Thames Estuary and southern North Sea. Sumitomo will manufacture the cable at Port of Nigg in Scotland, starting in 2027.
Chinese company plans to open its 1st conductor production plant in Europe
Gold Cup Wire will invest about $100 million to build its first European magnetic conductor plant in Planá u Mariánských Lázní, Czechia. The facility will produce up to 20,000 tons annually for transformers, motors, renewables, and EV systems. Automation will support growth to 200 jobs by 2028.