LS Cable & System will invest $689 million in three advanced manufacturing projects in Chesapeake, Virginia, including a rare-earth magnet plant. The company aims to strengthen U.S. electrification supply chains and expand into strategic materials. The plan builds on LS GreenLink USA, which will produce HV subsea and land cables starting in 2027.
Hengtong Cable, a subsidiary of Hengtong Group, secured the largest share in China Mobile’s centralized procurement for LV flexible power cables used in telecommunications. The project totals more than 50,250 km of cable, with Hengtong winning 27.78%. The contract supports China Mobile’s large-scale telecom power expansion.
Sumitomo Electric will supply and install 140 km of 525 kV HVDC subsea cable for National Grid’s 2 GW Sea Link project between Kent and Suffolk. The route will run through the Thames Estuary and southern North Sea. Sumitomo will manufacture the cable at Port of Nigg in Scotland, starting in 2027.
Gold Cup Wire will invest about $100 million to build its first European magnetic conductor plant in Planá u Mariánských LáznÃ, Czechia. The facility will produce up to 20,000 tons annually for transformers, motors, renewables, and EV systems. Automation will support growth to 200 jobs by 2028.
Westlake Corporation plans to shut several U.S. PVC, VCM, and chloralkali plants in response to weak market conditions and excess capacity. The move targets higher-cost assets while maintaining customer supply and reflects broader industry efforts to rebalance wire and cable feedstock markets.
Wire Journal International (WJI) is the leading technical publication for the wire and cable industry.
Published monthly, WJI is written for executives, engineers, technical and sales professionals, and purchasing agents engaged in the manufacture of ferrous and nonferrous wire and cable.
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