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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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Rosendahl Nextrom to Increase Production Capacity and Efficiency in Datacom and Telecom Sector

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Rosendahl Nextrom, a global strategic partner for producers of cable and wire, introduces new equipment in datacom and the telecom sector. Rosendahl Nextrom’s presence will be found at the Wire India 2024 at booth I59.  Oct 21, 2024 Rosendahl Nextrom has introduced high-temperature physical foaming lines that can manufacture cables......
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Windak’s Innovative Coiling and Spooling Technologies

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Windak brings innovative coiling and spooling technologies, designed to meet the demands of India’s expanding cable manufacturing sector. Oct 21, 2024 Windak, a global leader in automated cable packaging solutions, has announced its participation at Wire India 2024, which will take place from November 25-27. The Windak’s booth is available......
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SAIL Signs MoU with BHP to Accelerate Potential Path to Steel Decarbonization

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The collaboration will explore strategies to reduce greenhouse gas emissions by the use of alternate reductants such as hydrogen and biochar in SAIL’s blast furnaces. It will also build local research and development capacity to support the transition of the Indian steel industry towards reduced carbon emissions, aligning with global......
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