Subsidiary of Japan’s Sumitomo Electric Industries has acquired the Esteves Group
Japan’s Sumitomo Electric Industries (SEI) has acquired the Esteves Group, a global supplier of diamond tooling of the wire and cable industry, for an undisclosed sum. A press release said that the Sept. 9 closing was made through Torque Capital Partners (Torque), which announced that its portfolio company Diamond Tools Group B.V. (DTG) has agreed […]
Germany’s Leoni agrees to be acquired by LUXSHARE in 2 separate transactions
Germany’s Leoni has agreed to be acquired by LUXSHARE—a huge Chinese electronic connector manufacturer whose customer base includes Apple—in two separate transactions totaling a reported $583 million. A press release said that LUXSHARE will acquire a 50.1% stake in the Leoni AG and its Wiring Systems Division (WSD) that is owned by Austrian entrepreneur Stefan […]
With Kris-Tech expansion done, company continues a legacy started 40 years ago
Kris-Tech Wire, which completed the expansion of its operations at Rome, New York, earlier this year, now looks forward to continuing its mission that started 40 years ago, A press release said that the company—founded in 1984 by twin brothers Gerry and Glenn Brodock—grew over time to be a leading manufacturer of U.S.-made industrial wire […]
Taihan Cable lands huge power cable grid order for its 1st such project in the U.S.
Taihan Cable & Solution has been selected as the cable supplier for a 320kV Voltage Source Converter (VSC)–VDC and 500kV HVAC power grid project in the U.S. A press release said that the contract from LS Power Grid California, LLC, includes multiple cable orders worth approximately $68 million, to improve the reliability of the power […]
Sumitomo unit plans to open plant in Spain, close 1 of its 2 assembly plants in Bulgaria
Japan’s Sumitomo Electric Bordnetze (SEBN) said that it will open a new plant in Spain and close its Mezdra plant in Bulgaria, while cutting back at a second plant in the country it has in Karnobat. Per multiple media reports, earlier this year SEBN announced plans to build its first production site in Cuenca, Spain […]
Tele-Fonika Kable reports it was chosen to be cable supplier for 2 offshore wind farms
Poland’s Tele-Fonika Kable S.A. (TFKable) has won an order for onshore cables and accessories by the developers of Bałtyk 2 and Bałtyk 3, two offshore wind farm projects in the Baltic Sea. A press release said that the contract from Equinor and Polenergia will require 85 km of onshore HV export cables (220 kV) which […]
NKT to supply 545 km of onshore power cables for grid update project in Belgium
NKT will deliver 545 km of onshore power cables to transmission system operator Elia Transmission Belgium (ETB) for a major grid upgrade. A press release said that the order for the cable will strengthen Belgium’s transmission grid, and was received under an existing framework agreement between NKT and ETB., which manages the high-voltage transmission grid […]
Nail maker in Poland expanding plant
Poland’s Herco Sp. z o.o. (Herco), has started to expand its plant, an initiative that it reported was made possible through co-financing from the European Union. Per a statement and details at the company’s website, Herco reports that the company produces its nails at its factory in Cieladz, using modern nail headers. The company was […]
AT&T to remove lead cables in Lake Tahoe
AT&T has agreed to remove some six miles of lead cables that have been submerged in Lake Tahoe for decades, per a settlement agreement. Per multiple news reports, AT&T will remove approximately 107,000 pounds of unused cables in the agreement with the California Sportfishing Protection Alliance (CSPA), which in a 2021 lawsuit claimed that lead […]
Taihan Cable marks official opening of the 1st optical fiber plant in Kuwait
Taihan Cable & Solution Co. (Taihan Cable) held a completion ceremony on Sept. 9 at its new optical fiber plant, Taihan Kuwait, located in the Mina Abdullah Industrial Area, southeast of Kuwait City. Per a report in Yonhap, the factory spans 5,000 sq m, with production facilities and testing equipment identical to those at Taihan’s […]
