Prysmian holds ceremony to mark the completion of a $63 million plant expansion
Prysmian has completed a $63.8 million expansion of its Du Quoin, Illinois plant, adding 100,000 square feet of manufacturing space, 80 new jobs, expanded EV and renewables cable capacity, and a new solar farm that now supplies about half of the facility’s power under Illinois’ REV program support.
Riyadh Cables seeks to further SMCC’s wire and cable capabilities in Syria
Riyadh Cables Company has signed a six‑month, non‑binding MoU with Syria’s sovereign wealth fund to manage, operate, and upgrade Syrian Modern Cable Company, localize technical know‑how, and boost Syria’s power and electrical cable manufacturing capacity as part of wider post‑conflict reconstruction efforts.
China’s ZTT Group to invest $100 million in cable manufacturing plant in Saudi Arabia
ZTT Group plans to invest about $100 million in an 80,000‑square‑meter cable manufacturing facility at Saudi Arabia’s Ras Al‑Khair Port, with annual capacity of 500 km of submarine cables, 500 km of terrestrial cables, and 12,500 km of fiber‑optic cables to support energy, digital, and logistics ambitions.
Nexans and U.S. utility invest in French company using AI-powered grid analysis
Nexans has taken a minority stake in French AI start-up Sensewaves, investing alongside American Electric Power to accelerate deployment and global expansion of Sensewaves’ Adaptix.Grid platform, which unifies fragmented utility data to deliver real-time LV and MV grid visibility, optimization, and situational awareness across the full grid lifecycle.
IWG acquires Italy’s Special Corde Srl
Italtrecce Srl, part of International Wire Group, has acquired Italian specialty conductor supplier Special Corde Srl, expanding IWG’s capabilities in transformer, motor, and electrical infrastructure applications and positioning the group to better serve accelerating global electrification and grid‑modernization projects.