Sumitomo named the preferred bidder for proposed Shetland 2 HVDC subsea cable
Japan’s Sumitomo Electric Industries (SEI) and its subsea cable installation partner, Van Oord Offshore Wind UK (the Sumitomo Electric Van Oord Consortium) has been named the preferred bidder for the proposed Shetland 2 High Voltage Direct Current (HVDC) link subsea cable for SSEN Transmission. A press release said that independent electricity system operator, National Grid […]
LS Cable & System reports plan to build U.S. submarine cable plant, gets big tax credits
LS GreenLink, a subsidiary of South Korea’s LS Cable & System Ltd. (LS C&S), plans to build a plant to make high-voltage submarine power cables in the U.S., a project that it notes is a part of a long-term strategic plan for global expansion. A press release did not cite specific details about the size […]
Superior Essex to take over remaining interest in company held by Furukawa
Superior Essex, a global leader in the magnet wire and communication cables industry and a majority owner of the Essex Furukawa Magnet Wire joint venture with Furukawa Electric, announced that it has agreed to take over the remaining minority interest held by Furukawa Electric in Essex Furukawa. A press release said that when the transaction […]
Arcole makes majority investment in Setic
Arcole, a French private equity fund, has made a majority investment in Setic in partnership with longstanding shareholder and CEO Thierry Collard, who will continue in his current role. A press release said that the investment will present a new phase of growth for Setic, a global leader in designing and manufacturing machinery for the […]
Bekaert and Edison Next sign 12-year on-site solar power deal for Italian plant
Bekaert and Edison Next have signed a 12-year on-site solar power purchase agreement (PPA) at the Bekaert plant in Sardinia, Italy. A press release said that the 6.1 MW solar installation marks another major milestone in Bekaert’s sustainability strategy, Creating a Better Tomorrow. The PPA will see the installation of a photovoltaic system at the […]
Taihan Cable to build an HVDC test facility, reports EHV power project in Egypt
South Korea’s Taihan Cable & Solution announced that it plans to set up a specialized test facility for HVDC (High Voltage Direct Current) cable at one of its main production sites in Dangjin. A press release said that the dedicated test facility will be built on approximately 7,000 sq m of unused land at the […]
YOFC reports that it has completed the acquisition of RFS Germany & RFS Suzhou
Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) recently completed the acquisition of RFS Germany and RFS Suzhou (RFS, Radio Frequency Systems), which it described as a landmark event in its strategy for global expansion. A press release said that the transaction was celebrated with a handover ceremony featuring a video address by […]
Nexans wins 4-year contract from Equinor
Nexans announced that it has secured a four-year contract from Norwegian energy giant Equinor for turnkey repair services of various cable systems. A press release said that the agreement will secure the availability of Nexans’ unique and extensive repair expertise that covers all types of existing cables. The contract includes assistance from a team of […]
Google plans to invest $1 billion to expand project with 2 new NEC subsea cables
Google announced that it plans to make a $1 billion investment to further expand its Central Pacific Connect Initiative, which includes delivering two new subsea cables, Proa and Taihei. A press release said that the partners for the two new cable systems include Japanese telecom operators KDDI and ARTERIA, the Private Equity firm Citadel Pacific, […]
AFL to make major investment to expand its fiber optic cable manufacturing capacity
AFL recently reported that it plans to invest more than $50 million to expand its fiber optic cable manufacturing operations in South Carolina. A press release said that the investment aligns with the Biden-Harris administration’s Infrastructure Investment and Jobs Act and Internet for All initiatives to increase broadband access in the U.S. It will result […]
