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Nuremberg – The restructuring plan of Leoni AG received the approval of the required majorities at a court meeting convened for this purpose. This sets the path for the restructuring plan to become legally binding.

The Nuremberg Restructuring Court has announced that the still required ruling will be issued on 21 June 2023. Leoni can then proceed with the implementation of the financial restructuring as planned. It provides for a strong strategic owner for the company, an investment company held by Stefan Pierer. Leoni will be substantially deleveraged and provided with fresh liquidity, financing is secured until end of 2026.

“With the restructuring plan, Leoni will sustainably return to financial stability and can continue its operational recovery in the coming years“, said Hans-Joachim Ziems, Speaker of the Executive Board and Chief Restructuring Officer (CRO).

The restructuring plan provides for substantial contributions from debt and equity holders. The financial restructuring only affects Leoni AG, and not its subsidiaries, their suppliers, customers and employees. The financial restructuring is implemented under the German Corporate Stabilization and Restructuring Act

Last modified on June 4, 2023

Milwaukee, Wisconsin – IEWC has been named a “2023 Top Workplaces USA” award-winner. This is the second consecutive year that IEWC has been recognized with the Top Workplaces honor. In 2022, IEWC received its first Top Workplaces award as a regional winner. For 2023, IEWC has been recognized as a national winner.

The Top Workplaces honors are awarded by Energage, a company that specializes in surveying employee engagement. The awards are given to those companies that demonstrate “exceptional workplace cultures.” The global survey allows US-based companies to measure their performance against other companies, and awards are given for regional, national, and market-specific categories.

IEWC performs this annual survey for its 600+ global employees, measuring employee engagement and assessing various aspects of IEWC’s culture. The employee feedback is used to identify and ultimately address areas where IEWC can continue to improve as a company. It’s that commitment to continuous improvement which allows IEWC to build upon its successful culture.

“The fact that we are being recognized in two consecutive years, and that we’re being recognized on a national level, is something all of us at IEWC can be very proud of,” said Brian Hinton, Chief Human Resources Officer at IEWC. “Our wonderful culture is built on a foundation of strong values, none of which is possible without an incredibly engaged workforce. The IEWC team is thrilled to be recognized once again as a “Top Workplaces” winner.

“The companies recognized as Top Workplaces have high performance, people-first cultures,” said Greg Barnett, Ph.D., Chief People Scientist at Energage. “These companies are successful because they put their people at the center of all they do. By prioritizing the employee experience, they are known to out-produce, out-innovate, and out-deliver the competition.”

About IEWC - (www.iewc.com)
IEWC is a global distributor of wire and cable products, manufacturer of custom fiber assemblies, and provider of value-add solutions that advance a connected world. As a partner to thousands of companies in a wide array of manufacturing and infrastructure industries, IEWC has been an entrusted partner supporting customer supply chain, logistics and product quality initiatives for 60 years. IEWC is an employee-owned company with nearly 30 locations in seven countries, serving customers in almost 100 countries. Having grown organically and through acquisition during its 60-year history, today IEWC spans the globe with divisions in North America, Asia-Pacific and Europe (under the Premier Cables brand) and serves the telecommunications industry under the Cablcon brand.

Last modified on April 6, 2023

Bekaert is delighted to have been selected as a member of the new BEL ESG index and see our sustainability performance and progress recognized.
The BEL ESG index comprises the leading sustainable, Belgian listed companies and tracks those demonstrating the best environmental, social and governance practices. The index also highlights the market’s growing demand for sustainable investments. The company celebrated the inclusion of Bekaert in the BEL ESG index during a bell ceremony at Euronext Brussels.

In related news, Bekaert also reported signing a third Power Purchase Agreement in India, leading to a total CO2 reduction of more than 60% at Bekaert’s operations in India.

In line with the company’s sustainability ambition to reach Carbon Net Zero, Bekaert takes action to continuously decrease its direct and indirect greenhouse gas emissions by improving the energy efficiency and by increasing the proportion of energy supply from renewable sources. Through the investment in new renewable energy projects, Bekaert enables the addition of green energy capacity and increases the proportion of its renewable energy supply. Bekaert has now signed a Power Purchase Agreement (PPA) to source electricity from a 10 MWp solar farm in India. The solar farm is projected to be operational by year-end 2023. 

This is Bekaert’s third PPA in India, adding to earlier projects of 22.5 and 14 MWp each. These three renewable energy facilities will offset more than 60% of carbon emissions from electricity used by Bekaert’s operations in India, representing a major step towards Bekaert’s Carbon Net Zero ambition.

Last modified on March 5, 2023

Henkel has signed an agreement to participate in the membership program of The International Centre for Industrial Transformation (INCIT). By joining INCIT´s partner network the Adhesive Technologies business unit aims to leverage INCITs tools and frameworks to further drive the digital transformation of its operations. Henkel is the first company to join INCIT’s membership programme, following the inclusion of multiple governments.

INCIT is an independent, non-government, non-profit organisation focused on accelerating the transformation of the global manufacturing industry. INCIT’s mission is to develop internationally referenced frameworks, tools, concepts and programmes to raise awareness and educate the international manufacturing community on the latest transformation developments and trends in manufacturing – with the aim to create a more sustainable future. INCIT´s tools and frameworks provide international standards that allow unbiased benchmarking, which can drive continuous improvement and growth in manufacturing.

Henkel Adhesive Technologies is a global leading solution provider of adhesives, sealants and functional coatings across more than 800 industry segments. To accelerate the digital transformation in its over 150 sites the Operations and Supply Chain organisation has set up a new global Digital Operations function based in Singapore. The partnership with INCIT aims to support the team realizing value by digital.

“Digitalisation is a key driver towards innovative Industry 4.0 solutions and to further enhance sustainability across operations and the entire supply chain,” explained Nick Miesen, Global Head of Digital Operations at Henkel Adhesive Technologies. “By partnering with INCIT, we get access to their renowned international standards and insights that will help us to leverage tools and solutions for even better decision making in the future.”

As part of the partnership, Henkel will get access to INCIT´s ManuVate global innovation platform. With this, Henkel becomes part of this platform to cocreate an innovation management methodology linked to INCIT frameworks for Industry 4.0 and Sustainability. In addition, Henkel will also get access to tools and frameworks related to the Smart Industry Readiness Index (SIRI) and to the thought leadership platform GETIT.

About Henkel
With its brands, innovations and technologies, Henkel holds leading market positions worldwide in the industrial and consumer businesses. The business unit Adhesive Technologies is the global leader in the market of adhesives, sealants and functional coatings. With Consumer Brands, the company holds leading positions especially in hair care and laundry & home care in many markets and categories around the world. The company's three strongest brands are Loctite, Persil and Schwarzkopf. In fiscal 2021, Henkel reported sales of more than 20 billion euros and adjusted operating profit of around 2.7 billion euros. Henkel’s preferred shares are listed in the German stock index DAX. Sustainability has a long tradition at Henkel, and the company has a clear sustainability strategy with concrete targets. Henkel was founded in 1876 and today employs a diverse team of more than 50,000 people worldwide – united by a strong corporate culture, shared values and a common purpose: "Pioneers at heart for the good of generations.” More information at www.henkel.com.

Last modified on March 5, 2023

Milwaukee, Wisconsin – IEWC has been named a “2023 Top Workplaces USA” award-winner. This is the second consecutive year that IEWC has been recognized with the Top Workplaces honor. In 2022, IEWC received its first Top Workplaces award as a regional winner. For 2023, IEWC has been recognized as a national winner.

The Top Workplaces honors are awarded by Energage, a company that specializes in surveying employee engagement. The awards are given to those companies that demonstrate “exceptional workplace cultures.” The global survey allows US-based companies to measure their performance against other companies, and awards are given for regional, national, and market-specific categories.

IEWC performs this annual survey for its 600+ global employees, measuring employee engagement and assessing various aspects of IEWC’s culture. The employee feedback is used to identify and ultimately address areas where IEWC can continue to improve as a company. It’s that commitment to continuous improvement which allows IEWC to build upon its successful culture.

“The fact that we are being recognized in two consecutive years, and that we’re being recognized on a national level, is something all of us at IEWC can be very proud of,” said Brian Hinton, Chief Human Resources Officer at IEWC. “Our wonderful culture is built on a foundation of strong values, none of which is possible without an incredibly engaged workforce. The IEWC team is thrilled to be recognized once again as a “Top Workplaces” winner.

 “The companies recognized as Top Workplaces have high performance, people-first cultures,” said Greg Barnett, Ph.D., Chief People Scientist at Energage. “These companies are successful because they put their people at the center of all they do. By prioritizing the employee experience, they are known to out-produce, out-innovate, and out-deliver the competition.”

About IEWC - (www.iewc.com)

IEWC is a global distributor of wire and cable products, manufacturer of custom fiber assemblies, and provider of value-add solutions that advance a connected world. As a partner to thousands of companies in a wide array of manufacturing and infrastructure industries, IEWC has been an entrusted partner supporting customer supply chain, logistics and product quality initiatives for 60 years. IEWC is an employee-owned company with nearly 30 locations in seven countries, serving customers in almost 100 countries. Having grown organically and through acquisition during its 60-year history, today IEWC spans the globe with divisions in North America, Asia-Pacific and Europe (under the Premier Cables brand) and serves the telecommunications industry under the Cablcon brand.

Last modified on February 6, 2023

Lars Fagerholm, President of the group, states, "Maillefer continues to commit to and demonstrate sustainable value in how we operate and in the performance of our technology. We continuously drive our operations toward more sustainable processes, fully utilize 100 % green energy resources, and invest in our organization and the way of working to meet sustainable and best ethical values. With a leading technology portfolio and our House of Experts commitment, we support our customers as they strive to make the world more sustainable. Our technology portfolio stands for long-lasting performance. It is always focused on optimal material utilization, waste management, and high-quality end-product production. We are committed to continuously drive our technology to the next level, and we implement sustainability as a top criteria in our R&D pipeline activities. We are committed to staying on the path. ... We are happy to receive recognition for the environmental management systems we've put in. The ISO 14001:2015 certificate shows our commitment to stay on the path of sustainability."

Last modified on February 6, 2023

For immediate release
The Wire Association International, Inc.

Madison, Connecticut, USA – January 25, 2023 – The Wire Association International (WAI), Inc. announces two keynote speakers scheduled to open its Interwire conference program at the Georgia World Congress Center, Atlanta, Georgia, USA. The event runs May 9-11, 2023.

Tuesday, May 9 - 9:00 a.m.
Mr. Srinivas Siripurapu, Chief Innovation and R&D Officer of Prysmian Group, will present his keynote address: “Innovation, Investments & Incentives – Electrifying the Wire and Cable industry for a brighter future.”

Overview: The trifecta of clean energy, grid modernization and digital transformation is driving innovation on steroids for the wire and cable industry. For example, the US government has set a goal to deploy 30GW of new offshore wind energy by 2030 and 15GW of floating wind farms by 2035. These ambitious targets can only be achieved with reliable hi-tech cabling infrastructure such as novel 525kV HVDC systems that can transmit over 2GW of power. The presentation will showcase multiple examples of new technologies that will energize wire and cable manufacturing with increased investments and spur economic growth.


Wednesday, May 10
Mr. Rich Stinson, President and CEO of Southwire Company, will address the audience with his keynote presentation titled: “The Future is Electrified.”

Overview: Industry megatrends are changing the future, and electrification is going to play a major role. There is a fundamental need and desire to decarbonize; the only way to do it is to move from an oil-gas fueled economy to an economy driven by electrification. We must be ready to meet the needs of our customers. It’s a great time to be in the electrical industry, and Southwire, is focused on further strengthening the future of manufacturing as we all become even more connected, and as electrification plays an even greater role.


Event details:
Introduced in 1981, Interwire is the largest and longest-running wire and cable marketplace in the Americas. Hosted biennially, Interwire is an international trade event that includes exhibiting companies, speakers, and visitors from more than 50 countries. All Interwire 2023 conference registrants have access to the keynote presentations. Conference details and registration information is available on the event website: www.interwire23.com.

Prysmian Group is a global leader in the energy, telecom cables, and systems industry, offering the best cable solutions based on leading-edge technology.

Southwire is the leading wire and cable manufacturer in North America and an emerging influence in the electrical industry. The $9 billion organization is made up of more than 8,500 team members across the globe who unite as ONE Southwire each and every day to serve each other, their customers and their communities.

WAI, founded in 1930, is a not-for-profit association with more than 2000 individual members in 50 countries. The association serves the educational needs of the wire and cable manufacturing industry through a variety of products and services. WAI manages the Interwire Trade Exhibition and the WAI Operations Summit & Wire Expo and publishes the Wire Journal International and the Wire Journal International Reference Guide.

Media Contacts: Janice E. Swindells, Director Marketing & Corporate Communications, This email address is being protected from spambots. You need JavaScript enabled to view it., Tel.: 001-203-453-2777, x. 117; Steven J. Fetteroll, Executive Director, This email address is being protected from spambots. You need JavaScript enabled to view it., Tel.: 001-203-453-1777.

By Steve Fetteroll, executive director
2022 was a step forward for the industry. In early June, WAI held Wire Expo 2022 in Dallas. It was a joyous return to a live event, and later that same month, WAI was in Germany for wire Dusseldorf. In October, the U.K. Clockwinder was finally at the Madison headquarters after two years of a virtual winder. New staff was added, and volunteers and staff pivoted, working on Wire Expo and Interwire 2023. Now, the 2023 mix will include two international technical conferences in Mexico and Italy. All in all, it was a good year.

The return to a live WAI event
Numbers are only part of a story. When the WAI Operations Summit & Wire Expo 2022 (Wire Expo) was held in June, the event did not set records attendance-wise, but it was one of the Association’s most memorable trade shows ever. Attendees were thrilled to be in Dallas, Texas, and the memories of the prior two years that saw cancellations of Wire Expo 2020 and Interwire 2021 were finally able to fade.
It was painful to lose both of those events to Covid, but behind the scenes WAI volunteers and staff were busy. Ably led by 2020 WAI President Jan Sørige and 2021 WAI President Thomas Heberling, the focus was on not just creating virtual programming, but targeting themes that would relate to industry challenges and concerns. That mindset continued with 2022 WAI President James York, who took a very active role throughout the year in developing the content.
Even before York welcomed attendees the opening day, there was a positive buzz. More seats had to be added, and the enthusiasm continued during presentations that featured speakers that included Encore Wire Vice President of Sales Kevin Heffernan and Prysmian Group North America Chief Procurement Officer Brian Schulties.
The opening of the trade show that followed was memorable. It was as if there had never been a two-year gap. Attendees mingled with exhibitors, and engaged conversations ensued. It confirmed once again how and why people talking to people face-to-face matters so much.
There was also a lot to hear. The theme for the event—which started off with WAI’s iconic Fundamentals of Wire Manufacturing program—was Rising to the Challenge. A series of presentations covered the workforce, the supply chain, production solutions and developments.
Wire Expo saw the traditional awarding of prizes, and this time there were three years’ worth as WAI honored the 2022 Mordica, Donnellan and WAI President’s award winners as well as the recipients of those honors in 2020 and 2021. See below list. Virtual recognition is better than none, but seeing the collective winners who were able to attend was a moment of pride.
Much else could also be said about Wire Expo. The event technically is put on by the WAI, but it would not be possible without industry contribution. Even at Wire Expo, WAI’s smaller annual event, more than a hundred volunteers contributed in some way, many behind the scenes. The company that deserves kudos is Encore Wire, which opened its massive McKinney campus for a tour of its expansive operations. The company had recently completed yet another major expansion, which brings its size to some three million sq ft ... and an interior train system. It made for a Texas-sized experience.

The return to staging international events
WAI’s mission statement is to disseminate technical information, and one way it does that is through holding International Technical Conferences (ITCs), either alone or in cooperation with other industry groups. Covid has upended those efforts the last few years, but in 2023 the Association will have two ITCs, one in Italy and the other in Mexico.
The WAI’s Board of Directors has given the go-ahead on these efforts, which you will be reading about more in future issues. The Italian ITC, to be called Wire & Cable Milan, will be held this fall in Milan. The date was reached at a recent meeting in Italy, where WAI President James York and WAI Executive Director Steve Fetteroll met with ACIMAF President Ferruccio Bellina at the 35th anniversary of the Italian machinery association. There was agreement that the time was right to once again join forces.
The last WAI collaboration with ACIMAF was for Wire & Cable in Verona in 2017, which attracted 250 delegates from 27 countries. Prior ITCs in Italy had been held in Stresa (2003 and 1997).
The second ITC will see WAI return to Mexico, where it has held four prior ITCs, three in Monterrey (2016, 2010 and 2008) and one in Queretaro (2004). Mexico has consistently proved to be a good location, a key to each of those being the support provided by 2009 WAI President Antonio Ayala. The 2023 ITC will be held Nov. 13-15.
Again, more information on both these events will be presented in future issues and at www.wirenet.org.
WAI Board supports further education
At a recent meeting, WAI’s Board of Directors authorized a fund of $50,000 to go to the creation of more educational products for the wire and cable industry.
The goal of the pilot program is to develop video-based training in different disciplines that would be of value to employees that are either new to the industry or have new responsibility. WAI has already created a number of videos—one of which, on cleaning an extruder screw, has had more than 83,000 viewings online—and will now focus on creating a new training series. This is still in the early stages, and WAI President Kurt Breischaft noted that this will be a long-term project that will serve both the ferrous and nonferrous sectors.


The value of tradition
The saga of Martin Thacker is worth noting. In 2020 and 2021, he served as the virtual Clockwinder, carrying out the annual tradition, from his U.K. home, of winding the Grandfather’s clock presented to the Association by the British wire and cable industry for help provided during World War II.
On Nov. 3, Thacker—who is a Liveryman of the Court of the Worshipful Company of Tinplate Workers Alias Wireworkers (Tinplate Workers) in London—was able to perform the duties, finally, in person. “I felt a fraud since I had fast become king of the virtual clockwinding ceremony. Now, having been here in Madison, I can now wear my tie with pride.”
Of note, only one past Clockwinder has wound the clock more than Thacker, and that is the late Terrence Cahill, Somerset Wire, who performed the tradition in 1979, 1989, 1991 and 1997.


Staffing updates
Change is part of any business, and with the departure of Robert “Bob” Xeller as sales director at the end of 2021, Shannon Timme took over that post, tasked with organizing the Interwire and Wire Expo trade shows. She joined the company in 2017 as sales manager, and has transitioned into her new post. She recently achieved certification for exhibition management.
One of Timme’s key tasks was to replace her former position, and it took several months before she found Gina Guzowski, whose prior experience included working for four years as a representative for RFS, handling cable, wire and antenna deployments for cell tower build ups. Guzowski had quite an industry introduction: in less than two months from her hire date, she had attended both Expo and wire Düsseldorf.
Of note, John Markowski, who became WAI intern in 2018, joined the Association full time in 2021, with responsibility for membership and social media.
It is fair to say that the WAI embodies a lean approach to staffing. As of the end of 2022, WAI had a total of nine full-time employees, and one part-timer, Cindy Kirmms, who is the circulation manager and supports accounting. It also has had different interns, the current one being Corey Flynn, a senior finance student at The University of New Haven.


The industry story includes WJI
Covid and staffing shortages have not been overly kind to wire and cable manufacturers and suppliers, and it seems as if every company has a story to tell. That includes WAI. One story that you did not read about had to do with delays for WJI because of its suppliers.
The magazine itself was able to function throughout the pandemic, as staff can work remotely, but WAI’s printer in New Hampshire depends on employees at their site. The printers have had to deal with Covid disruptions and severe staff shortages. That situation got a lot uglier early in 2022 when a cyber attack brought its systems down. The ensuing chaos added weeks to the dates the completed issues could be mailed. At the same time, truckers contacted to ship WJI preshow issues to Texas for Wire Expo and to Germany for wire Düsseldorf wanted to get those issues even earlier to ensure they arrived on time.
Fortunately, the problems eased some, enough that both preshow issues reached their destinations in time. The memory of that experience has not faded, and WAI staff shares a sincere appreciation for the struggles that so many companies have had to overcome. 

Last modified on January 10, 2023

The Walter and Elfriede Niehoff Foundation supports a project of the OTH Regensburg. Named after the founder of Maschinenfabrik Niehoff and his wife, the foundation supports the research project "Use of digital twins for medium-sized mechanical engineering companies" of the East Bavarian Technical University of Applied Sciences (OTH) Regensburg with half a million euros. The cooperation agreement was signed by Ulla Niehoff, Chairwoman of the foundation, and Prof. Dr. Ralph Schneider, President of the OTH Regensburg.

The research project combines basic research with applied research and is designed to help small and medium-sized mechanical engineering companies gain a significant knowledge advantage and thus a market advantage by using digital methods in the product development. A digital twin is, in simple terms, the virtual copy of a process or a machine and enables the simulation of operational sequences under conditions that are close to reality. In this way, production processes can be simplified, resources can be used more sustainably, costs can be reduced and the development of innovations can be accelerated. The resources of the foundation will be used to finance the post for a research assistant who will, among other things, initiate interdisciplinary activities in the aforementioned research area.

The Walter and Elfriede Niehoff Foundation also mainly supports young professionals in technical and economic courses and supports social and cultural projects at the Niehoff site in Schwabach. 

The internationally active Niehoff Group is a leading manufacturer of machinery for the wire and cable industry and has around 1000 employees worldwide. The parent company has been working with the Mechanical Engineering Faculty of the OTH Regensburg for about one and a half years and participates along with other well-known plant and machinery manufacturers in its new "digital twin working group".

Last modified on January 10, 2023

Bekaert is proud to announce that its near-term and long-term greenhouse gas emissions reduction targets have been validated by the Science Based Targets initiative (SBTi).

"As the world is transitioning to a zero-carbon economy, it is the responsibility of industrial companies like Bekaert to lead the way in decarbonization actions, in boosting innovation, and in driving smart, safe and sustainable solutions in the end-markets”, says Oswald Schmid, CEO of Bekaert. “I am proud that our ambitious carbon reduction targets have now been officially validated and that we join the group of leading companies that commit to targets supporting the limitation of global warming to 1.5 degrees Celsius according to latest science. Delivering upon these targets forms an inherent part of the commitment we make through our sustainability strategy.”


Bekaert’s carbon reduction targets

  • Bekaert has committed to actions to align emissions reduction targets to the 1.5-degree target of the Paris agreement. As part of an overall commitment to become Carbon Net Zero by 2050, the company has set ambitious targets for its value chain, covering Scope 1, Scope 2 and Scope 3 emissions.  
  • For Scope 1 and 2 combined, Bekaert will reduce greenhouse gas emissions in absolute terms by 46.2% by 2030, compared to 2019. To this end, Bekaert will enhance the energy efficiency of its operations and increase the proportion of renewable energy supply.
  • For Scope 3, Bekaert will reduce the absolute greenhouse gas emissions by 19.7% by 2035 compared to 2019. To reach this ambitious objective, Bekaert engages with suppliers and customers to commit to carbon reduction targets and to measures based on circular principles across the value chain.

 The Science Based Targets initiative (SBTi)

SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practices in science-based target setting and independently assesses companies’ targets. 

Last modified on January 10, 2023

In August, Sandvik Materials Technology separated from the Sandvik Group, was renamed Alleima™ and is now listed on the Nasdaq Stockholm Exchange as ALLEI.
Per an announcement from the company, “The name Alleima—a combination of the words alloy and materials—represents a fresh opportunity for growth and development in the global market. The Tube division represents nearly 70% of Alleima’s business, but it also makes long products, such as medical wire.

“While we are leaders in the stainless and special alloy sector in terms of both technology leadership and financial performance, we were a relatively small part of the Sandvik Group,” Alleima Company President Göran Björkman said. “As an independent company, the Alleima Board of Directors is fully focused on our activities, enabling us to deliver our strategy to grow profitably, and capital allocation will be much simpler. This move has energized our entire organization and instilled a strong sense of pride.”

Björkman said that the separation has not caused major changes for the company, customers or employees. There have been no changes in production or support service processes. Alleima continues to control the supply chain from R&D to primary melt to the final product, and there will be no changes or reductions in the product portfolio.

Last modified on December 5, 2022

A report from Markets and Markets projects that global fire-resistant cable market size is projected to grow from $1.8 billion in 2021 to $2.1 billion by 2026, at a relatively slow yet steady CAGR of 3.3% during the forecast year.

A press release said that the fire-resistant cable market has thousands of companies which thrive in their domestic market. A few of the major players are Prysmian Group (Italy), Nexans S.A. (France), NKT Group (Denmark), Leoni AG (Germany), LS Cable & System Limited (South Korea) and Elsewedy Electric Company (Egypt), among others. These players have adopted various growth strategies, such as acquisitions, investments, expansions, agreements, collaborations, and new product developments, to increase their market shares and enhance their product portfolios.

Acquisition accounted for the largest share of all the strategic developments that took place in the fire-resistant cable market between 2016 and 2021. Key players such as Prysmian Group (Italy), Nexans S.A. (France), NKT Group (Denmark), and LS Cable & System Limited (South Korea), adopted these strategies to enhance their business, market presence, to develop new products and meet consumer demand. The report looks at market dynamics, volatility in raw material prices, demand for fire-resistant cables, challenges posed by cheap and inferior cables, which sectors are showing more demand, and more.

Building and construction is projected to be the fastest-growing segment in the fire-resistant cable market. In terms of value and volume, the APAC region is projected to grow at the highest CAGR from 2020 to 2025.

Emerging economies in APAC are expected to experience significant demand for fire-resistant cable as a result of the expansion of the end-use industries due to rapid economic development and urbanization.

A PDF brochure of Fire-Resistant Cable Market (Report Code CH 6374) is available from the company. For more details, in the U.S. contact Aashish Mehra, tel. 888-600-6441; This email address is being protected from spambots. You need JavaScript enabled to view it..

Last modified on December 5, 2022

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P: (203) 453-2777