India is ramping up efforts to secure copper supplies amid rising global demand, aiming to reduce its 90% reliance on imports. Strategies include trade deals, foreign investment incentives, and overseas mining stakes, signaling a shift toward long-term resource security as domestic demand surges and refining capacity struggles to keep pace.
ArcelorMittal has halted its planned DRI and EAF investments in Germany due to market instability and policy challenges, despite a €1.3 billion support package. The company will now focus on detailed planning for future electric arc furnace infrastructure at Bremen and Eisenhüttenstadt, awaiting improved economic conditions.
TS Conductor will invest $134 million in a new South Carolina facility to produce advanced AECC conductors, creating 450+ jobs. Backed by DOE funding, this expansion supports U.S. grid modernization with low-sag, high-capacity carbon core cables.
UltraTech Cement announced a $216 million investment to enter India’s wire and cable industry, aiming to start production in Gujarat by December 2026. The company plans to leverage its manufacturing expertise and strong customer connections to deliver high-quality products for residential, commercial, and industrial sectors.
LS GreenLink USA broke ground on a $680 million submarine power cable plant in Chesapeake, Virginia, aiming to supply the growing U.S. HVDC subsea cable market. Backed by federal tax credits, the facility will open in 2027, creating over 330 jobs and supporting LS Cable & System’s global expansion.
Space Norway and SubCom will build the Arctic Way Cable System, a 2,350 km subsea network linking Norway, Jan Mayen, and Svalbard. Operating within the Arctic Circle, it aims to meet rising data demands and ensure continuous Arctic connectivity by 2028.
Germany’s SIKORA AG, a leader in wire and cable measurement technology, was acquired by Switzerland’s MAAG Group. This partnership, uniting shared values and complementary portfolios, aims to strengthen global market presence, foster innovation, and support continued growth for both companies under Dover Corporation.
Nexans has won a €300 million contract to supply a 99-km HVAC subsea cable for Malta-Sicily’s second interconnector, boosting Malta’s energy security and renewable energy efforts. The company also advances sustainability with recycled aluminum in low-carbon cables from its Jeumont and Bourgen-Bresse plants.
FiberHome has launched its first European plant in Kisbér, Hungary, to locally produce optical cables. The €20M ZettaNet project, supported partly by the Hungarian state, aims to strengthen Chinese-Hungarian ties and enhance FiberHome’s European footprint with high-tech manufacturing and R&D.
R&L Spring Company™ has expanded its Wisconsin operations with a new 50,000 sq ft facility in Elkhorn, supporting future growth. The family-run firm, known for precision springs and wire forms, now operates three sites, including two in Lake Geneva serving OEM and medical device markets.
The Wire Association International (WAI), Inc., founded in 1930, is a worldwide technical society for wire and cable industry professionals. Based in Madison, Connecticut, USA, WAI collects and shares technical, manufacturing, and general business information to the ferrous, nonferrous, electrical, fiber optic, and fastener segments of the wire and cable industry.
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