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Sumitomo Electric’s Subsidiary Acquires Netherlands’ Esteves Group

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Through this acquisition, A.L.M.T. will utilize both companies’ diamond die product lineups, technological capabilities, sales networks and service bases to further strengthen its global business development, including the expansion of sales channels in Europe and the United States. Sep 25, 2024 A wholly-owned subsidiary of Sumitomo Electric Industries Limited, A.L.M.T.......
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Taihan Gets USD 605 Million Contracts for EHV Power Grid in Singapore

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The NDC373 project, which is one of the two contracts, amounts to approximately USD 360 million, making it the largest export of extra-high voltage AC transmission networks in the nation’s history. Oct 25, 2024 Taihan Cable & Solution has gained a contract for an extra-high voltage (EHV) power grid. The......
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Leoni Develops Sustainable Wiring Systems for Next-Generation Commercial Vehicles

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Leoni ensures that its wiring systems for commercial vehicles are efficient, green and future-proof, from prototype to series production, making a significant contribution to the increasingly sustainable and networked mobility of tomorrow. Oct 25, 2024 Leoni is taking the development of wiring systems for demanding use in commercial vehicles to......
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LEONI AG’s 50.1% Stake Acquired by China’s Luxshare

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Luxshare, a Chinese electronic components manufacturer, has agreed that it will acquire a 50.1% stake in LEONI AG, a cable and harnessing manufacturing firm in Germany, which was previously fully owned by Pierer. Oct 25, 2024 Austrian entrepreneur Stefan Pierer and Luxshare, a Chinese electronic components manufacturer, have agreed that......
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Taihan Constructs First Fibre Optic Cable Plant in Kuwait

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This is the first fibre optic cable plant in Kuwait. The plant is located in the Mina Abdullah Industrial area southeast of Kuwait City, spanning 5,000 square meters, and is equipped with production and testing machinery identical to Taihan’s Dangjin cable plant in Korea. Oct 25, 2024 Taihan Kuwait, an......
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Ducab Metals Business Doubles Production Capacity to 110,000 TPA

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Ducab Metals Business is doubling its annual production capacity for aluminum from 55,000 TPA to 110,000 TPA and increased its bare copper product capacity in response to surging global demand for these UAE-manufactured products. This expansion strengthens DMB’s position in the international metals market and advances the UAE’s operation to......
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Sterlite Technologies Plans to Challenge Anti-Dumping Duty Levy by the EU

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The European Commission Directorate General for Trade in June proposed to levy an anti-dumping duty—between 8.7% and 11.4%—on nearly a dozen Indian optical fibre cable makers. Sterlite Technologies plans to challenge the anti-dumping duty levy by the European Commission on imports of optic fibre cables from India. Oct 24, 2024......
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NTPC Green Energy to Launch INR 10,000 Crore IPO in November 2024

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This will be the biggest IPO by a public sector undertaking since Life Corporation of India’s INR 21,000 crore IPO in 2022. The proceeds will be utilized for repayment or prepayment of debt, and for general corporate purposes. Oct 14, 2024 NTPC Green Energy, the renewable energy subsidiary of the......
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Kalpataru Projects Wins INR 1,241 Crore Orders in Indian & Overseas Markets

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Kalpataru Projects’ new orders include construction of residential and commercial buildings in India, and in the Transmission & Distribution (T&D) sector, both domestically and internationally. Oct 21, 2024 Kalpataru Projects International Limited (KPIL), one of the leading engineering & construction companies in India, has secured new orders collectively worth INR......
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Hellenic Cables to Supply Cables for the US Offshore Wind Project

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Hellenic Cables will supply 65km of 132kV inter-array cables as a part of the project to Leading Light Wind. Oct 22, 2024 Hellenic Cables, the cables segment of Cenergy Holdings, has announced its partnership with the Leading Light Wind project, one of the largest offshore wind projects in the U.S.,......
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