LS Cable & System reports plan to build the largest submarine factory in the U.S.
South Korea’s LS Cable Expands Renewable Infrastructure in the U.S. LS Cable & System announced a ₩1 trillion ($721 million) investment through its subsidiary LS Greenlink USA to build the largest submarine cable factory in the United States. This project strengthens LS Cable’s position as a global leader in high-voltage and submarine cable manufacturing. According to BusinessKorea, the new LS Cable submarine cable […]
Lesjӧfors Group opens new plant in Poland, has also made investment in Pune, India
Lesjöfors Strengthens Manufacturing Network in Eastern Europe The Lesjöfors Group expanded its production capacity in Eastern Europe by opening a new spring and pressing facility in Marki, Poland, adjacent to an existing plant operated by its subsidiary, Alcomex. The expansion reflects the company’s ongoing commitment to meet rising customer demand while strengthening its presence in the region. The Marki […]
Prysmian reports completing its $4.2 million acquisition of Encore Wire Corporation
Acquisition Strengthens Prysmian’s North American Leadership Prysmian Group announced the completion of its acquisition of Encore Wire Corporation, originally revealed on April 14. This major transaction enhances Prysmian’s leadership position in the North American energy and telecommunications cable markets. According to Prysmian’s press release, the acquisition allows the company to expand cross-selling opportunities, gain operational efficiencies, and […]
Southwire to close facilities in 3 cities
Company Optimizes Operations for Improved Customer Experience Southwire Company, LLC announced a plan to close three facilities in Santa Fe Springs, Rancho Cucamonga, and Livermore, California, as part of its ongoing business realignment strategy. The company aims to sharpen efficiency, improve customer service, and leverage its broader network of manufacturing and distribution centers across North America. According […]
NKT reports signing agreement with SSEN to proceed with 2 Scottish HVDC projects
Collaboration Strengthens the UK’s Renewable Energy Infrastructure NKT confirmed its partnership with SSEN Transmission to deliver two major high-voltage direct current (HVDC) power cable projects in Scotland. These projects will play a vital role in connecting renewable energy from the Western Isles and Northern Scotland to the country’s main electricity network. According to NKT’s announcement, the company will provide production and offshore installation capacity for the […]