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Industry News

Nexans, a global leader in cable system manufacturing, has secured €250 million in financing from the European Investment Bank (EIB), a portion of which is earmarked for a major new copper production and recycling facility at its historic site in Lens, northern France.

A press release said that the new plant is being built on the same site as Nexans’ existing copper production facility in Lens, northern France. This investment—over €90 million of which is directed to the site—will leverage existing operational expertise. The development is an expansion at the Lens location ​that began copper casting operations in 1971. Once operational, the new plant will increase copper wire production by over 50% and will have annual capacity to recycle up to 80,000 metric tons of copper annually.

The initiative was described as a strategic component of both France’s national reindustrialization agenda and the European Union’s REPowerEU. The project was recognized as part of France’s “France 2030” plan for forward-looking industrial modernization. The Lens site is already France’s only copper rod foundry, and the additional capacity is seen as vital for securing copper supplies and advancing Europe’s circular economy. Nexans projects that, by 2028, a quarter of its cable output from Lens will use recycled copper sourced and refined on-site.​

Beyond Lens, the EIB financing will also support investments at Nexans’ sites in Charleroi, Erembodegem, Calais, and Bourg-en-Bresse, targeting the offshore wind sector, submarine interconnections, and low-carbon cable production. These moves underscore Nexans’ commitment to the energy transition and its Science Based Targets initiative for carbon neutrality.​

Sterlite Electric Ltd., a prominent member of India’s expansive Sterlite group, plans to enter the public market with an IPO designed to accelerate its domestic manufacturing footprint and further global ambitions—including supply to U.S. utilities and infrastructure projects.

A press release described Sterlite Electric as “the leading products and solutions division of Sterlite,” responsible for manufacturing high-voltage overhead conductors, advanced power cables (HVAC and HVDC), and Optical Ground Wire (OPGW), plus providing master system integration for transmission and distribution networks.

Sterlite Electric stands apart from both the U.S.-based Sterling Electric Inc.—which is solely focused on electric motors and gear reducers—and from other divisions within the greater Sterlite group, such as Sterlite Power Transmission (which develops transmission infrastructure assets, often with BOT models in India and Brazil) and Sterlite Technologies, a fiber-optics leader with a dedicated U.S. factory (STL) supplying the telecom market. The IPO relates directly to Sterlite Electric’s products business, constituting a substantial core segment rather than a small specialty operation.

The company exports regularly to over 70 countries, and noted that substantial order volumes come from U.S. customers seeking advanced grid components and transmission solutions. Its products—ranging from high-capacity AL59 conductors to smart grid optical cabling—have found utility in major American power projects, reinforcing Sterlite Electric’s status as a genuine participant in the U.S. wire and cable market, not just a peripheral global supplier.

Proceeds from the IPO, likely valued at around $180 million, will primarily fund a new power cable factory in Gujarat’s Vadodara and help reduce corporate debt, enhancing the company’s debt-equity position and supporting ambitious expansion plans. Of the 15.6 million shares to be offered, half will be freshly issued, with strong institutional investor interest anticipated. At least 75% of the issue is reserved for qualified institutional buyers, including potential North American investors.

COFICAB Americas has upgraded its cable capabilities at its Mexico operations, where it has begun upcasting production at one of its nine plants in the Americas.

A posting on LinkedIn announced that COFICAB Americas has begun producing its own copper for the first time at its plant in Durango, Mexico. The new upcasting production line represents a significant step toward manufacturing autonomy and enhanced supply stability for the company’s automotive wire and cable operations across North America. The line is from Finland’s UPCAST Oy. A second line was also ordered.

COFICAB states that reintegrating copper production into its process closes the loop on its supply chain and enables it to apply circular economy principles. It will reduce waste, improve efficiency and lower consumption of natural resources while maintaining consistent, high-quality raw material input, and furthers COFICAB’s commitment to responsible manufacturing practices and environmental stewardship at its Mexican facilities.​

Durango has long been a strategic hub for COFICAB Americas, serving as its headquarters for eight production units and an R&D center throughout the region. In 2018, the company had a $50 million launch of the Ciudad Juárez plant, which became one of its largest global sites and a major supplier of automotive harness wire for OEM and tier-one manufacturers throughout the Americas.​

COFICAB joins a select group of cable manufacturers committed to integrating materials sourcing and production. By using its own copper and distributing finished wire and cable from its Mexican facilities, the company can more effectively support critical supply timelines and quality standards for automotive and industrial customers throughout North and South America.

“As our ninth plant in the Americas, this investment reaffirms COFICAB role as a trusted partner and a forward-looking company, building the sustainable future we all deserve,” the release said. Within Mexico, COFICAB’s presence in Durango and Juárez places capacity near harness makers and OEM supply chains, facilitating program ramps and just‑in‑time delivery for regional platforms.

Prysmian has been selected by SP Transmission plc and National Grid Electricity Transmission plc, owners of the electricity transmission systems in Great Britain, as the preferred bidder for the Eastern Green Link 4 (EGL4) high voltage direct current (HVDC) cable connection.

A press release said that contract negotiations are ongoing and further communications will be provided in due course. The value is estimated at around €2 billion.

The project, which will connect Scotland and England via the North Sea, will play a central role in further strengthening the U.K.’s energy security. EGL4 will help make the U.K. energy grid more resilient for the future, while facilitating the transition to cleaner and more affordable energy.

Prysmian has considerable experience in such interconnection projects in the U.K., including Eastern Green Link 1 and 2 as well as the Viking Link project, which is the longest high voltage underground and submarine interconnection cable in the world.

Per the customer, EGL4 will require approximately 646 km of cable in total. This includes both the subsea section between Kinghorn, Fife (Scotland) and Anderby Creek or West Norfolk (England), and associated onshore underground cable sections at either end. Of this total, the subsea part is about 530 km, with additional underground cable segments bringing the combined installed cable length to around 646 km for the entire project.

Kinderhook Industries (Kinderhook) has acquired Advanced Digital Cable, LLC, (ADC), a wire and cable manufacturer specializing in low-voltage cable that is based in Hayesville, North Carolina, for an undisclosed sum.

A press release said that ADC represents Kinderhook’s eighth wire and cable acquisition to date, “signaling a strategic move to support the company’s growth and innovation.” Kinderhook is a private investment firm with a history of partnering with middle-market companies to accelerate growth.

Founded in 1997 by Steve Payne, ADC began manufacturing coaxial cable during the booming digital cable market. Over nearly three decades, ADC expanded to produce a wide range of wire and cable products. It supplies critical industries such as renewable energy, data centers, manufacturing facilities, power generation, and commercial and residential construction.

ADC Founder Steve Payne said that the deal was an important step forward. “To ensure ADC’s legacy continues and its growth accelerates, investment was needed,” he said. He cited Kinderhook’s legacy “makes them the right partner for our future.”

Of note, Kinderhook recently sold SDI LaFarga COPPERWORKS (SDI LaFarga) to the Rhône Group, a U.S.-based global private equity firm. SDI LaFarga President/CEO Kurt Breischaft, who joined the company in 2015 and led it through a period of major growth, has been named CEO of ADC. See p. 26. The industry veteran and former WAI President (2023) has held a range of positions at Belden, Superior Essex and Cerro Wire.

“We are excited about this new chapter,” Breischaft said. “The reputation ADC has earned over the past 27 years is the cornerstone of our business. With Kinderhook’s backing, we will build on those values to drive innovation, strengthen partnerships, and invest in the future of our people and operations.”

Per ADC’s website, the business has three manufacturing facilities. The original facility, located in Hayesville, North Carolina, has undergone six major expansions and now has over 200,000 sq ft of manufacturing space; the plant in Blairsville, Georgia, which opened in 2011, underwent a major expansion in 2018, and has more than 240,000 sq ft of manufacturing space; and the facility in Hiawassee, Georgia, which opened in 2018, was expanded in 2019 to a total of 60,000 sq ft.

NEC, a leading Asian undersea cable manufacturer and installer, may receive hundreds of millions of dollars in subsidies from the Japanese government to acquire specialized cable-laying vessels for digital infrastructure projects.

A government statement said that Japan is considering helping cover up to half the cost—potentially $500 million—for two ships, with each vessel estimated at $300 million. It said that the action was necessary because nearly all of Japan’s communications depend on subsea cables, yet domestic firms currently lack sovereign cable-laying capacity. NEC has relied on leasing a Norwegian vessel and other short-term charters, which officials say has exposed Japan to supply chain vulnerabilities and security risks. With foreign competitors in the U.S., France and China owning dedicated fleets, Japan’s government called its lack of owned ships “very serious.”

If approved, NEC’s first ship could be operational by 2027, strengthening the country’s ability to quickly deploy and repair digital networks. The news was posted by Tech Space 2.0 and reported by the Financial Times.

The final approval for Japan’s planned subsidies to NEC for cable-laying vessels would come from the Japanese Cabinet, specifically through the Ministry of Internal Affairs and Communications (MIC), which oversees telecommunications and digital infrastructure policy.

The initiative comes after years of deliberation. In 2023, Tokyo designated subsea cables as “vital infrastructure” and required operators to report suspicious activities but stopped short of deeper support. NEC’s CEO warned earlier this year that the company was “the only one fighting with no support” as rivals benefited from direct government backing. France’s Alcatel unit was nationalized, while China provides heavy subsidies to its telecom firms.

NEC’s cable manufacturing and installation businesses operate as a unified enterprise under the NEC Group umbrella, with the entire group engaged in the submarine cable system business and no separate brand names distinguishing manufacturing from installation.

Manufacturing is conducted primarily through OCC Corporation, a subsidiary of NEC, while installation and systems integration are supported by other NEC divisions such as NEC Networks & System Integration Corporation and NEC Platforms, but all activities are marketed collectively as NEC submarine cable solutions.

The current investigation marks one of the most extensive probes into cartel activity in Slovakia’s cable sector to date, signaling heightened competition enforcement in this critical infrastructure market. 

NKT A/S, via its Czech subsidiary, NKT s.r.o., is part of an ongoing probe by the Antimonopoly Office (AMO) of the Slovak Republic.

In a formal announcement on August 27, NKT confirmed it is part of the investigation into alleged collusion among cable industry players in Slovakia, which the company denies. The AMO’s “Request Before the Issuing of a Decision” alleges possible infringements of Slovak and EU competition law involving a local cable association and 11 cable makers, including NKT s.r.o. Proposed fines are outlined but not finalized, and NKT has contested both the findings and the suggested infringement, stating it will present a reasoned defense.

A final decision from the Slovak authorities is expected within six to 12 months. If upheld, NKT plans to consider all available legal remedies, including appeals in Slovak courts. Meanwhile, NKT s.r.o. is also under investigation by Czech competition authorities, along with five other cable manufacturers, with that review still pending.

Case Recruiting recently took over Wire Resources, Inc., a Connecticut-based specialized wire and cable recruiting firm, owned by Peter Carino, a well-known industry recruiter.

The new owner, Ryan Case, was led by a third party to Carino, who had recently retired. Wire Resources, Inc. was founded in 1967 and Carino bought it in 1982.  The two men met, and the end result was Case transitioning Carino’s business into his: Case Recruiting (www.caserecruiting.com). “I wanted to leave my personal legacy in good hands and Ryan is filling that role,” Carino said.

Carino had participated in multiple WJI features over the years. Fittingly, Case is in the October feature (see p. 52) where he shares his background and his thoughts on the current hiring market.

Kanthal, a global resistance materials producer, announced that it has inaugurated a new wire manufacturing facility at its Hosur campus in India that features advanced automated processes, advanced die maintenance, fully automated spooling operations and state-of-the-art quality control and material handling systems.

A press release said that with the new 1,980-sq-m facility, Kanthal will more than triple its production capacity at the Hosur plant. The initiative was taken to optimize production capacity globally and to offer shorter lead times across Asia.

Kanthal established the Hosur plant in 1988. Since then, the company’s activities in the country have expanded and today, with India as one of Kanthal’s key geographical areas, the Hosur manufacturing facility has grown in importance. The expansion will enable the unit to cater to local markets in India as well as Southeast Asia, including Singapore, Korea, Japan, China, and selected parts of Europe. “This strategic investment enables us to meet the growing demand for fine dimension wire with fast lead times in Asia,” said Kanthal President Robert Stål.

Blachford Chemical Group announced that it has acquired Baum’s Castorine (Baum’s), combining two companies with over 250 years of innovation in specialty chemical manufacturing.

A press release said that Baum’s, based in Rome, New York, provides specialty lubricants, greases, and chemical products for the wire drawing, tube and metal-working industries, as well as transportation and industrial markets. Per both companies, Baum’s Castorine will be integrated into Blachford’s global chemical group, leveraging shared resources and expertise to expand product offerings.

Baum’s specific product lines include the Dura Draw series of nonferrous wire drawing lubricants—such as Dura Draw 891 and Dura Draw 895—for copper, brass, and tin-plated copper wire applications; the Tena-Film line of industrial oils, anti-wear and extreme pressure greases (such as Tena-Film No. 300-LTH and No. 150-TH oils); specialty maintenance products for bearings and equipment operating in demanding environments; metalworking fluids; cutting oils; coolant conditioners; and stranding lubricants. It also supplies specialty fire suppression agents under the Novacool® brand, as well as industrial cleaners and surfactants for equipment maintenance.

According to Blachford, the acquisition is expected to build on longstanding reputations for technical excellence and service, with Baum’s product lines of lubricants, process oils and additives complementing Blachford’s existing portfolio of metalworking fluids, anti-tack agents, rolling oils and additives. The combination will strengthen distribution channels in North America and globally, giving customers more options and technical support.

Details of the transaction—including financial terms and transition plans—were not disclosed, but officials said that Baum’s Castorine, founded in 1879, will retain its core team and continue serving under the Blachford umbrella.

Marlin Steel President Drew Greenblatt was presented the 2025 Metalworking Reshoring Award during an industry ceremony held September 11 in recognition of leadership in reshoring and domestic manufacturing.

A press release said that the award, which recognizes companies that have successfully brought metalworking operations back to the U.S., was presented by the Reshoring Initiative in partnership with the Precision Metalforming Association (PMA), the Association for Manufacturing Technology (AMT), SME, the Fabricators and Manufacturers Association (FMA), and the National Tooling and Machining Association (NTMA).

Marlin Steel reshored multiple production lines from overseas, spanning industries including medical devices, food processing and aerospace. Even high-volume commodity items such as pail handles were reshored by applying advanced automation, consistent quality control, and dependable turnaround.

One cited example was that of a U.S.-based buyer who previously sourced from Mexico that moved production of 1,500 custom wire racks to Marlin’s operations in Indiana, with final powder coat painting completed in Michigan. These racks had historically been manufactured in Mexico, but were brought back to the United States to improve turnaround time, simplify logistics, and increase product consistency.

Insights from the 2025 Reshoring Initiative Reshoring Survey further underscore why Marlin’s model works. The survey found that key factors enabling reshoring include skilled workforce training, close collaboration between supply chain and customer engineering, and fast delivery. Marlin’s embodiment of all three has been central to its reshoring success and played a direct role in winning the award.

Marlin Steel expects its reshored revenue to double or even triple in 2026, depending on the volume of upcoming projects, reflecting growing momentum behind reshoring growth fueled by favorable tariff and trade policies.

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