Taiwan’s Walsin Lihwa plans to build what will be the first submarine power cable plant in Taiwan.

Per an exclusive report in Nikkei Asia, Walsin Lihwa is teaming up with Denmark’s NKT Group via a joint venture called Walsin Energy Cable System. “We think it’s extremely critical to have a local supply of cables for the offshore wind farms that Taiwan is building for its renewable energy transition,” Walsin Energy COO Justin Wong told Nikkei Asia. “The industry worldwide is seeing a shortage of cable supply as demand picks up so quickly for all the offshore wind farm construction driven by the global green energy push.”

The first plant, in the southern Taiwanese city of Kaohsiung, is scheduled to start test production in the second half of 2025, with full production planned for 2027.

Industry report: the global magnet wire market looks to be quite strong to 2030

An industry report from Market Business Insights, The Global Magnet Wire Market, projects to climb from $32.65 billion in 2022 to $48.65 billion by 2030, growing at a CAGR of 5.11%.

Per the company, demand for magnet wire has been driven by the expanding automotive sector, particularly the rise of electric vehicles (EVs), which require extensive use of electromagnets and transformers. Other factors include the growing emphasis on renewable energy sources, such as wind and solar power. The market faces volatility in raw material prices, particularly copper and aluminum, which are critical for magnet wire production. Technological advancements in insulation materials and the development of high-efficiency magnet wires are anticipated to offer new growth opportunities in the market. The magnet wire market has also seen intense rivalry among key players on innovation and strategic partnerships.

South Korea’s Taihan Cable & Solution (TC&S) announced that on July 24, they held a launching ceremony for the 6,200-ton submarine cable laying vessel “Palos” at the Godeok Pier in the Asan National Industrial Complex, Dangjin, Chungcheongnam-do, where their submarine cable factory is located.

Per a report in KoreaITtimes.com, the Palos is the only offshore wind power CLV (Cable Laying Vessel) in the country and can load up to 4,400 tons of submarine cable at once. Attendees at the event included representatives from the Ministry of Trade, Industry, and Energy, Korea Electric Power Corporation, Korea Wind Energy Industry Association, as well as various power companies, clients, and partner companies also attended.

Palos is a CLV designed and built specifically for submarine cable laying from the start, offering superior performance compared to CLBs (Cable Laying Barges) that are repurposed cargo barges. Unlike general vessels, Palos has a flat bottom, allowing it to be deployed to various sites regardless of water depth. It is equipped with advanced features such as the Dynamic Positioning System (DP2), which ensures precise vessel positioning. It can travel at a speed of up to 9 knots, enabling it to manage submarine cable laying much more accurately and stably compared to CLBs, which are towed by tugboats and cannot respond as effectively to weather changes and tides.

“Today’s launching ceremony marks South Korea’s rise to one of the few countries globally equipped with a CLV, with only about 30 such vessels existing worldwide,” said CT&S Vice Chairman Song Jong-min. “Palos will ... serve as a critical strategic asset that protects Korea’s offshore wind power market from overseas influences.”

In other news, TC&S said the company has won a new U.S. power grid EHV cable order worth $137 million. The company will supply the cables to an unnamed customer for an underground project in the eastern part of the U.S.

TC&S noted that its net profit for 2023 (71.87 billion won) was triple that of the prior year (21.83 billion won), and that the company’s order backlog is now 1.94 trillion won as of the end of the first quarter.

LS Eco Energy, a subsidiary of South Korea’s LS Cable and System, has obtained safety certification for underground residential distribution (URD) power cables from UL, a prominent U.S. safety certification organization.

A press release said that, with the UL certification, the comany plans to expand its export product range for the U.S., adding to its existing line of LAN (UTP) cables. “We expect this certification to play a critical role in expanding our presence in the U.S. market and enhancing our competitiveness in the global power cable market,” said LS Eco Energy CEO Lee Sung-ho.

The company, in collaboration with LS Cable America, intends to ramp up marketing efforts targeting power plant construction companies and power authorities to accelerate its market penetration. The URD power cables are primarily used in various distribution networks connecting solar power plants and data centers (IDCs), both of which have seen strong demand. Also boosting demand is recently imposed high  U.S. tariffs on Chinese aluminum that has led to a surge in sales of aluminum conductor URD cables from non-Chinese sources.

Due to the U.S.’s policy of excluding Chinese products, the LAN cables produced at LS Eco Energy’s Ho Chi Minh manufacturing subsidiary, LSCV, saw over a 30% increase in exports to the U.S. in the first half of this year compared to the same period last year.

Under the global umbrella brand of “Metalflow Alliance,” Germany’s Messe Düsseldorf  will represent seven of its trade shows as part of two co-located Saudi Arabia trade events in May 2025.

A press release said that the Messe will be at two Saudi trade fairs—Metal & Steel Saudi Arabia and Saudi Projects—May 5-7, 2025, the Riyadh International Convention & Exhibition Center. There, the event organizer will present “news and trends” from the following trade fairs: wire, Tube, VALVE WORLD EXPO and GIFA (foundry), METEC (metallurgy), THERMPROCESS (thermo processing)  and NEWCAST (castings). 

Described as the leading trade fairs of the Saudi construction industry, Saudi Projects premiered in Riyadh in 2024 while the Metal & Steel trade fair already has a successful track record. Both trade fairs are organized by AGEX, the Arabian German International Exhibitions, in Riyadh. 

 The Metalflow Alliance will complement the Saudi trade fair duo. The joint trade fair date creates valuable synergies for exhibitors and visitors at all three events.

 Metal & Steel and Saudi Projects are among the most important regional events and supply machines, systems, products and services for the rapidly growing demand in Saudi Arabia. The Saudi government is pursuing ambitious infrastructure goals, which are formulated and driven by Vision 2030. Significant investments are being made to transform the economy of Saudi Arabia, which has been described as booming.

 Technologies and products from Metalflow Alliance exhibitors could soon become part of the economic diversification in Saudi Arabia. “The transformation of Saudi Arabia’s economy offers our metal trade fair exhibitors very promising opportunities to enter the Saudi market and, hence, plenty of potential for the coming years,” said Daniel Ryfisch, director of the wire, Tube & Flow Technologies portfolio at Messe Düsseldorf.