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.
Italy’s Tratos has delivered advanced magnesium diboride superconducting cables to CERN for the High-Luminosity Large Hadron Collider upgrade. The project combines industrial expertise and scientific research to enable higher currents, improved efficiency, and increased collider performance for future particle physics discoveries.
Marmon Fastener Company has leased a ready-built factory at BW Nhon Trach 1 Industrial Park in Dong Nai, Vietnam, creating its first production base in the country. The plant will produce screws and fasteners for North America, shortening ramp-up time and reinforcing Marmon’s global, cost-effective and resilient supply chain footprint.
StoneTree Investment Partners has acquired Reel Power International, including its Oklahoma City headquarters and manufacturing facility and its Houston‑based Marine & Energy business. Reel Power plans to leverage the new ownership to invest in technologies that enhance safety, efficiency and reliability for wire and cable handling and offshore energy customers.
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.
See a preview of the most recent Wire Journal International feature. Subscribe to the FREE publication to read the entire issue.