LS Cable subsidiary signs agreement for superconducting cable project in Vietnam
LS Eco Energy—a subsidiary of South Korea’s LS Cable & System—announced that it has signed a business agreement with the Institute of Energy of Vietnam (IEV) under the Vietnam Electricity Authority (EVN) for a superconducting cable project. Of note, LS Cable & System Asia changed its name to LS Eco Energy to pursue new businesses […]
NKT to invest up to €100 million in medium-voltage power cable business
NKT plans to invest up to €100 million in additional production capacity and capabilities at its medium-voltage factories in Denmark, Sweden and Czech Republic to meet growing demand from customers for medium-voltage power cables required for grid upgrades and renewable energy projects across Europe. A press release said that the medium-voltage power cable market has […]
South Korea’s Taihan Cable wins a U.S. power grid project valued over $80 million
South Korea’s Taihan Cable & Solution Co. reports that it has been awarded a project worth more than $80 million for replacement of an outdated power grid in the U.S. Per a press release and multiple media reports, including The Korea Economic Daily, the project is designed to replace the aging power infrastructure with a […]
News of Prysmian deal to acquire Encore Wire resonated at halls of wire Düsseldorf
News of Prysmian’s April 15 agreement to acquire Encore Wire for approximately $3.9 billion—the largest-ever such wire and cable industry deal—quickly circulated on the opening day of wire Düsseldorf in Germany, where some attendees were utterly stunned by the unexpected report. A press release said that the addition of Encore Wire’s huge vertically integrated, single-site […]
New company plans to make wire harnesses and custom cable in Kansas
Elite Harness plans to refurbish an existing facility in Wellington, Kansas, to produce wiring harnesses and custom cables for various sectors, including automotive, industrial, agricultural, aerospace, and other industries requiring electric connections. A press release said that the company plans to invest $14 million in the initiative, which is expected to create 110 jobs. It […]
Canadian body to invest alleged wire rod dumping by China, Egypt and Vietnam
The Canada Border Services Agency (CBSA) announced that it is launching an investigation to determine whether certain wire rod from China, Egypt, and Vietnam are being sold at unfair prices in Canada. A press release said that the investigation stems from a complaint filed with the CBSA by Ivaco Rolling Mills 2004 LP (Ivaco). It […]
Tri Star Metals acquires Centric Alloys
Tri Star Metals announced that it has completed the acquisition of Centric Alloys Corp. (Centric), a specialty metals bar and wire company. A press release said that Centric is a North American distributor and mill sourcing partner for nickel-based alloys, nickel bearing alloys, cobalt alloys and specialty stainless steels (remelted grades) in drawn wire, wire […]
Aztech Lubricants acquired by Kodiak, new owners plan product expansion
Aztech Lubricants, founded in 2005 by Jonathan Anderson and Michael Colvin, has been acquired by Kodiak, a global chemical company. A press release said that Anderson and Michael Colvin will continue with the new owners as director of technology and as director of business development, respectively. Based in Wayne, Oklahoma, Aztech Lubricants has a 40,000-sq-ft […]
Accent Wire Tie acquires Coastal Wire
Accent Wire Tie recently acquired Coastal Wire Company, a U.S. company founded in 1978 that specializes in fully annealed baling wire at its plant in Georgetown, South Carolina. A press release said that Coastal Wire is the only U.S. entity that currently manufactures all baling wire products, including black-annealed coil wire, black-annealed box wire, high-tensile […]
Minnesota Wire to partner with medical device company to make custom solutions
Minnesota Wire (MN Wire) announced that it is teaming up with Chamfr, which specializes in medical device components. A press release said MN Wire, whose product lines include medical wire, is partnering with Chamfr “to revolutionize the medical device landscape by offering state-of-the-art solutions to meet the industry’s growing demands.” MN Wire noted that it […]
