NKT has secured a โฌ2 billion contract from SSEN Transmission to deliver 525 kV HVDC submarine and land cables for two major Scottish transmission projects. The links will support renewable energy integration, with manufacturing in Sweden and installation scheduled for completion around 2030.
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 Mobileโs 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 Mobileโs large-scale telecom power expansion.
Sumitomo Electric will supply and install 140 km of 525 kV HVDC subsea cable for National Gridโs 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 Planรก u Mariรกnskรฝch Lรกznรญ, 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.
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