Lafayette Acquires Elevator Cable Business GEBA CABLE in Carve-out From Griller & Gebaue

wirecableNovember 4, 2020November 4, 2020

November 4, 2020November 4, 2020

GG Group (Gebauer & Griller) is strengthening its strategic orientation by de-merging and selling its Elevator Division Geba Cables to mid-cap Investor Lafayette Mittelstand Capital. October 10, 2020 The sold division of Griller & Gebaue consists of a sales unit in Vienna and two production sites in Veľké Leváre, Slovakia......

News

Sterlite Technologies to Acquire Italy’s Optotec for EUR 29 Million

wirecableNovember 3, 2020November 3, 2020

November 3, 2020November 3, 2020

The acquisition will create a solid springboard to offer a complete bouquet of solutions to customers across Europe, India and the Middle East. November 2, 2020 Sterlite Technologies (STL) has announced the signing of definitive agreements to acquire Optotec S.p.A, a leading Optical Interconnect Products Company based in Italy. Optotec,......

News

BharatNet Initiative Will Put India Among the Top Nations in Fixed Broadband – Mukesh Ambani

wirecableNovember 2, 2020November 2, 2020

November 2, 2020November 2, 2020

The virtual summit organized in association with NITI Aayog, is part of the government’s continuing support to tech entrepreneurs and startups by providing exposure, recognition, and guidance. It also witnessed a discussion on the importance of AI and the ways it could be used in key sectors like healthcare, agriculture,......

News

NKT to Develop Prototype for World’s Longest Superconducting Power Cable

wirecableOctober 31, 2020November 5, 2020

October 31, 2020November 5, 2020

Stadtwerke München Infrastrukur has now started the first stage of the development of project “SuperLink” which will be the longest superconducting cable line when finalized. NKT is one of the key partners in the development phase of the innovative project. October 28, 2020 With a green light to kick off......

News

Dubai to Spend USD 23 Billion on Electricity Sector in Next Five Years

wirecableOctober 31, 2020November 2, 2020

October 31, 2020November 2, 2020

Dubai Electricity & Water Authority (DEWA) will spend USD 23 billion on energy projects over the next five years, with renewables accounting for a growing share of electricity output. October 28, 2020 Dubai’s electricity sector will require total investment of AED 86 Billion (USD 23 billion) over the next five......

News

Polycab India Reports Healthy Performance, Gains 14 Percent Rise in Q2 PAT

wirecableOctober 31, 2020October 31, 2020

October 31, 2020October 31, 2020

Polycab has reported stronger than expected numbers led by healthy revival in domestic B2C segment and exports. October 24, 2020 Polycab India Limited has announced its consolidated results for the second quarter and first half ended September 30, 2020. Commenting on the performance, Mr. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited,......

News

Ducab HV Secures Cabling Contract for MBR Solar Park Phase 5 Project at WETEX 2020

wirecableOctober 28, 2020October 28, 2020

October 28, 2020October 28, 2020

Renewable energy is a focus of governments throughout the Middle East as they seek to move away from hydrocarbon reliance and develop more diverse energy grids. Customized cabling is thus in high demand for projects that seek to harness the power of solar, wind, and nuclear energy. October 27, 2020......

News

Delta Tecnic Opens New Plant in Mexico to Develop Color Concentrates For Automotive Cable

wirecableOctober 21, 2020October 21, 2020

October 21, 2020October 21, 2020

Delta Tecnic relies on Micromasterbatch to reinforce its leadership position in the supply of color concentrates for plastics applications in the new eco-technological environment. October 7, 2020 Delta Tecnic, which specializes in the production and distribution of color concentrates and raw materials for plastics, cables, inks, paints and cosmetics, reinforces......

News

Motherson Sumi Signs Strategic Agreement to Acquire Bombardier’s Electrical Wiring Interconnection Systems Business

wirecableOctober 21, 2020December 4, 2020

October 21, 2020December 4, 2020

The transaction includes the transfer of assets, employees and inventories, on a debt-free and cash-free basis and is valued at around USD 10 million approximately. (subject to customary adjustments). October 20, 2020 Auto component major Motherson Sumi Systems Limited (MSSL), via its Mexican subsidiary, Motherson Rolling Stocks S. de R.L.......

News

Riyadh Cables Launches New Fire Alarm Cables

wirecableOctober 20, 2020February 24, 2021

October 20, 2020February 24, 2021

Riyadh Cables has localized the production of its fire alarm cables. August 6, 2020 Riyadh Cables, a global leading cable manufacturer, has launched its new range of silicone insulated fire alarm cables. Silicone insulated fire alarm cables are essential for vital projects, these cables are important to maintain the circuit......