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Prysmian gets antitrust ok for Encore Wire acquisition, expects to see quick results

Prysmian reported that the company has received antitrust clearance in the U.S. for its recently announced deal to buy Encore Wire.

A press release said that completion of the deal remains conditional on approval of Encore Wire’s shareholders “and the fulfillment of other conditions precedent typical for this type of transaction.” In related news, the company said that the acquisition of the McKinney, Texas-based company was going well, and that the result of synergies should be seen at an even quicker pace.

Per published reports, CEO Chief Executive Massimo Battaini told analysts that the outlook or Prysmian’s $4.2 billion acquisition of Encore Wire was quite good. “We started already outlining and discussing with the counterpart the major action to be undertaken the day one after the closing ... to capture the expected $140 million synergies with a faster pace than what we anticipated,” he said.

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Jan De Nul to add to its cable-laying fleet

Begium-based Jan De Nul announced that it plans to add to its cable-laying fleet to serve demands from the transition to renewable energy.

A press release said that the new XL ship will be the fifth vessel in Jan De Nul Group’s cable-laying fleet that has installed 2,500 km of submarine cables in 25 countries over the past decade. It notes that its projects include connecting Crete to mainland Greece, a span of 135 km at depths to 1,000 m, with “to put it mildly, bitterly rough and challenging seabed.”

The company has bookings for installing 2,500 km of cable that led to the order for a new XL cable-laying vessel. “With this second XL cable-laying vessel, we continue to reinforce our pioneering role,” said Jan Van de Velde, director new building, Jan De Nul Group.

Like the Fleeming Jenkin, the vessel will be 215 m long, designed to transport 28,000 tons of cables, the largest capacity cable-laying vessels in the world. The vessels can lay cables in both shallow and ultra-deep waters up to 3,000 meters, handling cable tensions of up to 150 tons.

Both vessels are equipped with Ultra-Low Emission vessel (ULEv) technology, an advanced dual exhaust filter system. This system removes up to 99% of nanoparticles from emissions using a diesel particulate filter (DPF) and a selective catalytic reduction system (SCR) for NOx removal. The ULEv system also significantly reduces exhaust gas pollutants. Thanks to the ULEv system, the vessels comply with the strict European Stage V emission standards for inland waterway vessels.

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Fire at Malaysian warehouse destroys millions of dollars of stored cable reels

An April 4 fire that smoldered for days resulted in massive destruction of stored cables in a warehouse that is owned by Sabah Electricity Sdn Bhd (SESB).

Per a report in the Daily Express—which included a photo of an outside storage area with hundreds of large cable reels, many of which were ablaze— the fire devastated the warehouse and outdoor reels that were stored for distribution across the state. The casualties included 70 newly arrived drums of cables, alongside the existing inventory destined for various regions. A local fire official indicated that of an area of about 3.7 acres “a significant portion of 3 acres suffer(ed) direct damage.”

Estimates pegged the losses at more than $8 million, much of which was for the loss “of more than 1,000 drums of cables.” The damages are significant for SESB as it will require “a prolonged and expensive process of reallocating funds and time to reorder the essential materials.”

The article noted that there were eight types of cables destroyed, most of which were coated cables designed to replace older, bare cables. SESB estimated that some 5,000 km of uncoated cables are in use that should be replaced, while current capacity only allows for 300 km of cables. “Without implementing a comprehensive cable replacement program, it is projected to take approximately 20 years to address the widespread issue of uncoated cables across the state.”

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African company based in Zambia opens a new plant in Dubai to make electrical cable

Neelkanth Cable Manufacturing LLC recently inaugurated its new plant in Dubai Industrial City that will make low-voltage, medium-voltage, conductors and instrumentation cables.

A press release said that Neelkanth Cable’s new 500,000 sq-ft plant in the UAE represents “a significant milestone in its journey beyond Africa.” Founded in 2015 and based in Zambia, Neelkanth Cables (headquartered in Zambia) has marketed to industry sectors in the Southern, Central and East African regions, while steadily making inroads into the rest of Africa. At its website, the company notes that it has gained a leading role. “Over the years, we have acquired more than 50% market share in the domestic market for low-voltage and medium-voltage cables.”

The new plant, with a workforce of about 200, has the capacity to produce 13,000 metric tons of copper cable and 7,000 metric tons of aluminum cable. The output will serve sectors such as power transmission and distribution, oil, gas, petroleum, construction, infrastructure, packaging, and specialized industries like fertilizer, cement, steel, chemical, metals and mining,

“We are committed to supporting the local community and the economic ecosystem of the UAE, intending to proudly contribute to Dubai’s growth and development for years to come,” said Neelkanth Cables Manufacturing LLC COO Sanjeev Dubey. “Dubai Industrial City was our first choice for the new facility due to its strategic location close to major transportation hubs facilitating efficient logistics and distribution, its modern infrastructure providing a conducive environment for various industrial activities, and excellent support services including business set-up assistance, licensing, and approvals.”

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Last modified on June 18, 2024

Belden opens new Fiber Technology Center

Belden, a leading global supplier of network infrastructure and digitization solutions, has officially opened the company’s new state-of-the-art Fiber Technology Center (FTC) in Tucson, Arizona.

A press release said that the 300,000-sq-ft facility will serve as a multifunctional hub where Belden’s fiber experts lead optical fiber cable and connectivity innovation, research and development. It will also support warehousing, distribution, administration and manufacturing as the company continues to grow its optical fiber capabilities.

The FTC will amplify the work being done in the company’s existing fiber facilities and test labs around the world, including eight manufacturing plants and two research and development sites. It is located close to airports, freight terminals and logistics hubs as well as to the University of Arizona and the area’s talented tech workforce.

The FTC will streamline and strengthen Belden’s supply chain and increase production of U.S.-based optical fiber manufacturing while connecting qualified engineers to new career opportunities. Advantages include quicker access to products on the West Coast, FiberExpress fiber assemblies made and shipped in two to five business days; same-day shipping on some products; and prototyping capabilities.

“As Belden continues to expand fiber production and innovation to help customers build the future, the Fiber Technology Center will allow us to elevate our work and find new ways to respond to customer demand,” said Jay Wirts, executive vice president of enterprise solutions at Belden. “Belden is becoming synonymous with fiber systems.”

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New Numesh plant in Ontario, Canada, to produce welded steel wire/wire mesh

Numesh held a grand opening ceremony and ribbon-cutting event on May 14 to celebrate the company’s official opening of its plant in Cainsville, in the county of Brant, part of Canada’s Ontario province.

A press release said that the existing facility was upgraded and received the latest technology and equipment. Numesh invested some $40 million in the initiative. The upgrades will help the company meet increasing demands and serve customers across Ontario, Western Canada, and the North Central U.S. There are currently more than 50 employees at this location.

Per Numesh, the company, founded in 1975 in Laval, Quebec, is the largest Canadian manufacturer of welded steel wire and wire mesh used for concrete reinforcement. They have invested approximately $40 million to expand to this second location.

Numesh President Mathieu Seguin told those in attendance that the Cainsville facility is a testament to the company’s vision, innovation, and commitment to the construction industry in Canada. “It represents the culmination of months, even years of meticulous planning, hard work, and determination,” said Seguin. “I am excited to share that this new plant signifies a substantial investment and commitment to the future. We have not only erected a cutting-edge facility but also set the stage for our growth.

“Thank you to Numesh for investing in the County of Brant,” said Cainsville Mayor David Bailey. “Their commitment not only creates job opportunities for skilled workers but also contributes positively to our local economy.”

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Prysmian and Aurubis enter long-term agreement for supply of copper wire rod

Prysmian reports that it has agreed to a long-term contract with Aurubis—a global provider of nonferrous metals and the largest copper recycler worldwide—for the supply of copper wire rod.

A press release said that the agreement will see Aurubis provide a significant and incremental year-over-year volume of copper wire rod. It noted that Aurubis is the largest European vertically integrated manufacturer of copper wire rod. The pact will cover the needed supply of copper wire rod, particularly for Prysmian’s European plants, ensuring coverage of the current business and growth prospects.

“Our companies are connected by their strong commitment to integrating sustainability in our business strategies and our role as enablers of the energy transition and digitalization process,” said Prysmian Chief Purchasing Officer, Laura Colli.

The partnership is in line with Prysmian’s ambition to be a global player with a leading role in the challenges of decarbonization. Prysmian is committed to an overall net-zero target along the entire value chain by 2050 and to reducing Scope 3 emissions by 28% by 2030 compared to the 2019 baseline. Prysmian has also publicly disclosed an ambitious target related to the share of recycled copper content, with the goal of reaching 15-16% by 2025.

Aurubis is pursuing a dedicated sustainability strategy and is committed to becoming carbon neutral well before 2050. The multimetal company produces copper with less than half the global average carbon emissions and intends to further reduce Scope 1 and Scope 2 emissions by 50% and Scope 3 emissions by 24% per ton of copper cathodes by 2030. The company offers comprehensive value chain solutions for the circular economy and produces rod with almost 40% less CO2 than the global average.

“This contract stems from a more than 25-year strategic partnership between Prysmian and Aurubis distinguished by best-in-class performance when it comes to sustainability, product, delivery timing, and quality of service in the supply of a raw material that is becoming increasingly important for the future of Prysmian’s business growth,” said Martin Sjoberg, SVP Commercial at Aurubis.

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Liberty Steel ceases wire rod production due to market forces, lays off employees

Citing current market forces and a surge in imported steel, Liberty Steel reported on April 19 that it is temporarily ceasing production of wire rod.

An announcement said that some 50 of the 79 employees at the facility in Georgetown, South Carolina would be laid off. The statement said that a flood of imports had led to decreased rod prices that made operations unprofitable. The company will continue to make steel mesh and welded steel products at the mill.

“Unfortunately, market forces are working against us in the rod market with the increase in imports and significant pressure on transportation costs,” declared Pieter Vanderwesthuizen, Liberty’s chief operating officer, in a written statement. “We fully intend to bring the rod mill back up as soon as it makes financial sense to do so. “We remain committed to the long-term viability of our Georgetown facility and continue to invest in the business,” he said.

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Last modified on June 18, 2024

Carlisle completes the sale of its CIT unit to Amphenol, will focus on building products

Carlisle Companies Incorporated (CCI) announced that it has completed its $2 billion sale of its Carlisle Interconnect Technologies (CIT) unit to Amphenol Corporation, ending its direct activity in the wire and cable field.

A press release said that the sale of CIT “aligns with our Vision 2030 strategy and represents a significant milestone in our strategic pivot from a diversified industrial portfolio of businesses to a premier pure play building products company.”

Per the Carlisle website, the business started operations in Tarrytown, New York in 1940 as Tensolite, a name that it said stood for the finest in miniature insulated wire and cable. The first insulated wire product produced by the company was used to electrically heat the gloves and flight suits of World War II Air Force pilots. In 1959, Carlisle Interconnect Technologies (then Tensolite) became part of Carlisle Companies Incorporated, which will focus on innovative building envelope products and solutions for more energy efficient buildings

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Last modified on June 18, 2024

TT Group reports launching a new plant in Macedonia to produce low-voltage cable

TT Cables, based in Bosnia-Herzegovina, announced that it has launched a new factory to make low-voltage cables in Macedonia, that will be located at the IGM Industrial Park on Negotino.

A press release said that the company is investing some 20 million euros in the new factory, which covers 20,000 sq m and will have some 90 employees. The factory will have a capacity of approximately 30,000 tons of cables across 30 production lines. It will deploy cutting-edge, highly automated machinery and production lines, allowing for maximum efficiency and scalability.

The industrial park, located in North Macedonia near the highway, railway station and airport, will apply cutting-edge technology and sustainable manufacturing practices. The decision to build the plant stemmed from an assessment of the sales potential for the low-voltage cables (signal, control and instrumentation) in the region and throughout Europe as being significantly greater than our current production capabilities.

The factory will be part of the IT Cables Group, which has more than 400 employees and sells its products in more than 50 countries worldwide. The Group has a distribution network through its subsidiaries in Lithuania (TT Cables Nordic UAB), Austria (TT Cables GmbH Austria), Croatia (TT Kabeli doo Croatia), Serbia (TT Kabeli doo Serbia), Bosnia and Herzegovina (TT Kabeli doo Bosna and Herzegovina), and the next factory in North Macedonia (Kabeks Kables dooel - TT Kabeli Macedonia).

The TT Group, founded in 2007, is based in Široki Brijeg (Bosnia and Herzegovina) where its head office is located as well as its production facilities.

“We are looking forward to the opening of the new factory, which we believe will serve as a stepping-stone for our ambitious plans in the future,” the release said. It added that construction work and machine orders are already underway, and that the new factory is expected to open in the second half of this year, “ushering in a new chapter and era for the entire TT Cables Group.”

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Nehring Electrical Works to be acquired

Mueller Industries has agreed to acquire Nehring Electrical Works Mueller Industries, Inc., (Nehring) and some of its affiliated firms, for approximately US$575 million. The deal is subject to customary purchase price adjustments.

A press release said that Nehring, based in DeKalb, Illinois, produces wire and cable solutions for the utility, telecom, electrical distribution and OEM markets. Operating through its three business units (Nehring Electrical Works Company, Conex Cable, LLC and Unified Wire & Cable, Inc.), Nehring supplies numerous utilities, REAs, municipalities, telecoms and electrical distribution companies throughout the U.S. For its last fiscal year, Nehring’s annual net sales were approximately US$400 million.

At Nehring’s website, the company notes that it is one of the few U.S.-based companies manufacturing both copper and aluminum conductors. Also, it “has been producing wire and cable products longer than any wire mill in the Midwest.” The company was founded in 1912 by Paul A. Nehring, who invented many of the machines used for covering copper with braided cotton. The family business was sold several times, including to Coleman Cable Company, and had been owned by a private partnership group since 1995.

“This acquisition provides a substantial platform for long-term growth in the electrical and power infrastructure space and complements the other critical infrastructure sectors we support,” said Mueller CEO Greg Christopher. “With its operational culture, which is well aligned with our own, the addition of Nehring leverages our deep expertise in metals, particularly copper and aluminum extrusion, and provides synergies to both companies.”

Based in Collierville, Tennessee, Mueller manufactures copper, brass, aluminum and plastic products. It operates locations throughout the U.S. as well as Canada, Mexico, Great Britain, South Korea, the Middle East and China.

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Hitachi Energy to provide cable for what it says will be largest such U.S. cable project

Hitachi Energy reports that it has entered into a multi-year agreement to provide high-voltage cable for what will be a record-sized U.S. project.

A press release said that Hitachi Energy will suppy Pattern Energy for its high-voltage direct current (HVDC) technologies for the SunZia Transmission Project. The link will connect the 3,515-megawatt (MW) SunZia Wind project in New Mexico to Arizona and Western states, which when completed will be one of the world’s largest transmission links delivering renewable energy.

Hitachi Energy will provide its HVDC Light® technology that is designed to efficiently transfer and integrate huge volumes of wind power. The project will stretch more than 885 km into the regional power grid. When complete, SunZia Wind will have a total power capacity of 3,515 MW, enough clean, renewable electricity to provide power to approximately three million Americans. The HVDC link will transmit up to 3,000 MW of this power to Arizona. The HVDC Light system will be the largest voltage source converter (VSC) installation in the United States.

Pattern Energy is one of the world’s largest privately owned developers and operators of renewable energy and transmission projects. Multi-year agreement provides service solutions to the SunZia Transmission Project, linking New Mexico’s wind farms to Arizona’s grid, increasing renewable energy to Western States.

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