Construction begins for extrusion tower for record size H-V offshore cable plant
NKT reports that construction has started on the company’s cable extrusion tower in Karlskrona, Sweden, for what it said will be the world’s largest factory for high-voltage offshore power cables. A July 31st press release said that the slipform casting of concrete had started for the site’s third extrusion tower, which will become the second […]
AZ Wire & Cable acquires Gen-Pro
AZ Wire & Cable announced the acquisition of Gen-Pro, a provider of generator-related products such as generator installation cable. A press release said that the strategic acquisition further enhances AZ Wire & Cable’s position as a one-stop solution for electrical distribution needs. The acquisition of Gen-Pro, based in Gig Harbor, Washington, will allow AZ Wire […]
Alphagary will market Shakun compounds in the Americas, bolster its production
Alphagary, a division of Orbia’s Polymer Solutions, will now market the ESCONTEL semi-conductive compound product lines from India’s Shakun Polymers Private Limited (Shakun) in North America as well as provide funding to expand its capacity and optimize its processes. A press release said that Shakun became part of the Orbia family in May 2021, and […]
Aurora Material Solutions has expanded its thermoplastic compounding capacity
Aurora Material Solutions reports that it recently completed the previously announced expansion of its Streetsboro, Ohio, facility. A press release said that the expansion further extends Aurora’s capabilities in thermoplastic compounding of rigid PVCs, rigid PVC alloys and CPVC. The expansion adds over 140 million pounds of compounding capacity, creates new jobs, and supports Aurora’s […]
LS C&S said to be in talks that could lead to opening a cable plant in Turkmenistan
South Korea’s LS Cable & System (LS C&S) reportedly is interested in opening a plant to manufacture optical cables in Turkmenistan. Per a posted report that cites the online publication SNG.TODAY, representatives held video negotiations with the Turkmenaragatnashyk Agency, which has the authority to conclude contracts. The discussion was about the supply and creation of […]
Orlando Precision acquires Gifford Spring
Orlando Precision announced that it has acquired Gifford Spring Company, a family business located in Garland, Texas. A press release said that Gifford Spring serves the aerospace, telecommunication and industrial sectors, with products that include compression springs, tapered springs, torsion and double torsion springs, extension springs and wire forms, as well as rod forming. The […]
Jury awards Prysmian $96.5 million from Sterlite for violation of trade secrets
A U.S. jury has awarded Prysmian $96,500,000 in damages from Sterlite Technologies, Inc., a business of India’s Sterlite Technologies Lt. (STL), for violations of trade secrets related to a former Prysmian executive who joined the company. A press release said that on Aug. 6, at the end of a three-week trial, a U.S. District Court […]
Nokia agrees to sell Alcatel Submarine Networks (ASN) to a French state entity
Nokia announced that it has entered into a put option to sell Alcatel Submarine Networks (ASN)—a leading submarine networks business that it acquired via its prior acquisition of Alcatel-Lucent—to the French State, represented by the Agence des participations de l’Etat (APE). Per a press release, the company’s website and multiple media reports, ASN is being […]
LS Cable & System reports plan to build the largest submarine factory in the U.S.
South Korea’s LS Cable & System announced that an investment of approximately 1 trillion won (about $721.34 million) will be made for its subsidiary—LS Greenlink USA—to build the largest U.S. submarine cable factory. Per an article in BusinessKorea, the factory will be built on a 396,700-sq-m site along the Elizabeth River in Chesapeake, Virginia. It […]
LesjÓ§fors Group opens new plant in Poland, has also made investment in Pune, India
The LesjÓ§fors Group has increased its spring and pressing operations in Eastern Europe with the opening of a new manufacturing facility in Poland alongside an existing plant that is part of Alcomex, its subsidiary. A press release said that the new production site in Marki, Poland, divides the custom-made tension and torsion spring manufacturing specialisms […]
