Investment - Wire & Cable India
Wire & Cable India

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Panasonic Life Solutions Sets Up a New Manufacturing Plant in Andhra Pradesh

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The manufacturing plant, which is spread over 1,33,584 sq m, is the seventh facility of Panasonic Life Solutions in India. With this plant, the company will focus on manufacturing wiring devices products covering Roma, Penta Modular, and Roma Urban. April 27, 2022 Panasonic Life Solutions India (PLSIND), a subsidiary of......
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Prysmian Group to Invest USD 1.1 billion to Support Energy Transition

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Prysmian is intending to put forth significant investments targeted at augmenting the production capacity of power transmission submarine cables as well as enhancing the technological equipment at its excellence centres. March 29, 2022 Prysmian Group has announced its plans of investing about EUR 1 billion (~USD 1.1 billion) by 2024.......
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Investment in Key Sectors to Improve the Demand for Cables

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Speaking about the impact of the Union Budget 2022-23 on the demand in the wire and cable industry, Mr. Vijay Kumar Bajaj, Chief Operating Officer, Apar Industries Ltd., says, “Investments in key sectors like defence production, railways, renewable energy, and electricity distribution are likely to improve the demand for cables.”......
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Prysmian Group to take up new R&D projects in Telecom and Power Sector with support from EIB

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The financing represents about half of the investments Prysmian Group has planned in Europe through 2024. February 18, 2022 Prysmian Group has announced the finalisation of the financing of EUR 135 million (~USD 153.68 million) from the European Investment Bank (EIB). The funding is primarily aimed at supporting the Group’s......
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KT to be a part of Submarine Cable Project Connecting Asia

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KT has signed a Memorandum of Understanding with real estate consulting firm Savills Korea. The six countries that will be linked are, namely, South Korea, Japan, Taiwan, Indonesia, Singapore, and the Philippines. February 9, 2022 South Korea-based telecommunication company KT Enterprise, a brand of KT Corporation, is planning to take......
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Van Merksteijn to Build New Steel Wire Rod Mill in the Netherlands by 2024

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After obtaining the required environmental approval, the wire producer has resumed its plans to build the wire rod plant in Eemshaven, the Netherlands. The estimated investment is EUR 300 million. January 24, 2022 Netherlands-based wire products supplier Van Merksteijn International (VMI) has announced its plans to build a new Greenfield......
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STL Poised for Growth; Declares Wins in New Markets and Accelerates Investments in 5G

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“We are confident that, in the near future, we will deliver the most advanced solutions in the areas of 5G, FTTx and rural connectivity and transform billions of lives through digital networks,” says Ankit Agarwal, Managing Director, STL. January 24, 2022 With its focused global expansion strategy, STL reached a......
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Subsea Cable Manufacturing Facility of USD 174.9m to Start in Northumberland

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The upcoming state-of-the-art subsea cable manufacturing facility is projected to boost the UK offshore renewables sector. October 1, 2021 The subsea cable manufacturing projects, in Cambois, Northumberland, are being developed by global supplier JDR Cable Systems, part of TFK Group, with support from Westminster. Subject to final agreements, the construction......
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Government Plans for India to be a Data Centre Hub with an Incentive of INR 12,000 crore

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Under the proposed data centre scheme, there will be a specified percentage of incentive given to companies deploying domestically manufactured servers. The scheme is going to be an affirmative influence and will boost the growth of the Indian wire and cable industry. August 25, 2021 The Government of India is......
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LS Cable & System Invests USD 161 Million in Submarine Cable Business

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Construction will begin in October 2021, and end in April 2023. LS Cable & System’s submarine cable production capacity will increase more than 1.5 times. July 27, 2021 LS Cable & System has announced that it would expand its submarine cable business by investing an additional USD 161 million (KRW......