Prysmian named preferred EGL2 bidder
The Prysmian Group has received the notification from SSEN Transmission and National Grid Electricity Transmission plc, the GB electricity transmission network owners, selecting them as the exclusive preferred bidder for the Eastern Green Link 2 (EGL2) cable connection. A press release said that the Prysmian Group continues the contract negotiations with the aim of concluding […]
Sumitomo updates Egypt wire plant project
Japan’s Sumitomo Corporation announced that it has received “the golden License” to build the largest factory worldwide for the production of electric vehicles’ (EVs) wiring harness in Egypt with around $100 million in investment, according to a statement by General Authority for Investment and Free Zones (GAFI). The project, announced last September, calls for the […]
NKT to invest €1 billion to bolster the company’s high-voltage activities
NKT announced plans to build a new factory, including a third extrusion tower in Karlskrona, Sweden, and a new market-leading power cable vessel. A press release said that the investments are driven by an increasing demand for high-voltage power cables, strong order intake and a record order backlog of more than €7 billion at the […]
LS Cable & Cable System completes HVDC submarine cable plant construction
LS Cable & System (LS C&S) has completed what it described as Asia’s largest high-voltage direct current (HVDC) underwater cable production plant in Donghae, Gangwon Province, South Korea. A press release said that the Donghae plant, named Submarine Building 4, is a 172-m-tall vertical continuous vulcanization (VCV) tower with a total floor area spanning 34,816 […]
Nexans completes Reka Cable acquisition
Nexans announced that it has completed its acquisition of Reka Cables, a Finnish manufacturer of high-, medium- and low-voltage cables from Reka Industrial.A press release said that the acquisition marks an additional milestone of Nexans’ ambition to become a pure electrification player committed to contribute to carbon neutrality by 2030, focusing on the overall value […]