Hexatronic signs deal to buy Rochester Cable from TE Connectivity for $55 million
Sweden’s Hexatronic Group AB (Hexatronic) has signed a binding asset purchase agreement to acquire all business activities of Rochester Cable from TE Connectivity (TE). Per an announcement issued by Hexatronic, it will pay $55 million to acquire Rochester Cable, a U.S. designer and manufacturer of cables based in Culpeper, Virginia. The company has 130 employees […]
Bridon-Bekaert to close wire rope plant
Bridon-Bekaert Ropes Group (BBRG) announced plans to close their manufacturing plant in Gelsenkirchen, Germany, to improve the business portfolio of the European rope activities. A press release said that Bekaert has decided to consolidate the BBRG’s European ropes manufacturing platform in the U.K. and phase out the production activities in Gelsenkirchen by the end of […]
LS Cable & System reports a record cable order from Europe for wind farm project
LS Cable & System announced on Oct. 20 that it has won a cable contract valued at approximately $166 million to supply the Boreas wind farm in the North Sea of the U.K., the largest ever order from Europe received by a South Korean cable company. Per the announcement, the Boreas offshore wind farm is […]
Corning Incorporated to expand its optical fiber capacity, will build new Arizona plant
Corning Incorporated announced that it is expanding its manufacturing capacity by building a new cable manufacturing facility in Gilbert, Arizona.A press release said that the expansion will help Corning meet the needs of a long-term customer, the largest U.S. fiber internet provider, as it expands its fiber service. Corning will locate the new plant in […]
Prysmian reports subsea cable tech 1st
The Prysmian Group announced that it has reached a key technology milestone in power transmission: the successful development and testing of the first 525 kV extruded submarine full cable system for High Voltage Direct Current (HVDC) applications.The breakthrough will enable a massive increase of the maximum transmission capacity of bi-pole systems up to more than […]