The Wire Association International (WAI), Inc. reports that INTERWIRE 2023 made a successful return to its biennial schedule at the Georgia World Congress Center, Atlanta, Georgia, USA, May 9-11. The exposition and conference engaged 3,184 wire and cable industry professionals representing 43 states and 42 countries at its first in-person showing since 2019.

Attendance included representatives from 285 wire and cable manufacturing operations.

Keynote presenters Srinivas Siripurapu, Chief Innovation and R&D Officer, Prysmian; and Rich Stinson, President and CEO of Southwire Co., drew much interest on May 9 and May 10, respectively, with their insights on an electrified future. At the Awards Ceremony Mr. Stinson received the inaugural WAI Champion Award, which honors an industry executive for his/her strong support of The Wire Association and its mission.

EXHIBITS
335 exhibiting companies participated at INTERWIRE to showcase the latest products and developed technologies available to wire and cable manufacturers; 80 product categories were represented. WAI introduced more than 30 new exhibiting companies to the INTERWIRE this year.

HIGHLIGHTS
Other features included two presentations by former astronaut Mary Ellen Weber sharing her experiences of space flight; as well as segments on Industry 4.0, the Workforce, Extrusion/Polymers, Industry Outlook; technical sessions; a Mordica lecture; and production solutions demonstrations. New for fun and networking this year were the Welcome Reception at Mercedes-Benz Stadium; the in-hall Beer Garden, sponsored by Rainbow Rubber; and the Cornhole Zone, sponsored by James Monroe Wire & Cable Corp.

WAI’s popular Fundamentals of Wire Manufacturing course—offered as a pre-show option on May 8—had record-breaking attendance, engaging 209 participants.
Commenting on the activities 2023 WAI President Kurt Breischaft said, “Being back in Atlanta for Interwire this week has been awesome! Record attendance at our Fundamentals of Wire Manufacturing course underscores the continued need for the Wire Association International’s focus on education. Having technical experts willing to share with others is the heart of WAI.”

Interwire sponsors and support*:
Elite level: Encore Wire Corp.; James Monroe Wire & Cable Corp.; Lloyd & Bouvier Inc.; Prysmian Group; Rainbow Rubber and Plastics Inc.; SDI LaFarga COPPERWORKS; and Southwire Co. LLC.
Platinum level: Carris Reels Inc.; Davis-Standard LLC; Gem Gravure Co. Inc.; and Wire & Plastic Machinery Corp.
Gold level: SAMP Group and Sonoco Reels & Spools
Silver level: Enkotec Co. Inc.; Insteel Wire Products; The MGS Group; Niehoff Endex North America;
RichardsApex Inc.; SIKORA International Corp.; and Troester Machinery Ltd.
Bronze level: Baum’s Castorine; Fort Wayne Wire Die; and Precision Reel/Payoffs
* The Wire and Cable Industry Suppliers Association (WCISA) is an industry partner with WAI.

EVENT BACKGROUND:
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 around the world.

WAI, founded in 1930, is a not-for-profit association with more than 2,200 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.

South Korea’s LS Cable & System (LS C&S) will supply submarine cables worth approximately $85 million to the Taiwan Power Company (TPC) for a wind farm to be built off the west coast of Taiwan.

A press release said that the order is from Foxwell Energy, an energy enterprise based in Taiwan and the builder of the upcoming construction project. Taiwan will complete a 5.5 GW wind farm as the first offshore wind farm construction project by 2025, and develop an additional 15 GW wind farm by 2023. To produce 1 GW of electric power, a nation needs to build about 20 nuclear power plants.

By winning this contract, LS C&S won the right to supply ultra-high-voltage submarine cables for all eight sub-projects in the first offshore wind farm construction project in Taiwan. The total contract amount so far has reached about 900 billion won (US$697 million).

Per an article in BusinessKorea, an LS C&S official said that the size of additional submarine cable orders to be placed, starting this year, is expected to reach about 2 trillion won ($1.5 billion). “Based on our overwhelming submarine cable manufacturing capabilities and experience, we are seeking to expand our business through cooperation and market development with KT Submarine.”

LS C&S recently acquired a stake in KT Submarine, a company specializing in installing submarine cables, to strengthen its capabilities. LS C&S has also further strengthened its cooperation with other global offshore wind business operators such as Ørsted and CIP based in Denmark, Jan De Nul based in Belgium, and WPD based in Germany through their respective projects as it continues to accelerate its expansion in the European and North American markets.

Elektrisola announced that it has acquired Rea’s North American magnet wire assets, including its five manufacturing plants in Indiana, Connecticut, Virginia and Mexico as well as its leased corporate offices in Fort Wayne, Indiana.

A press release said that Elektrisola plans to continue operating the business under the well-known brand of Rea Magnet Wire, and will continue to employ the current employees. “Rea is a great addition to complement our magnet wire activities in North America and to continue the successful growth of the Elektrisola Group,” said Elektrisola Managing Owner Detlef Schildbach.

“When you assess our complementary strengths, Rea and Elektrisola are a perfect match,” said Jim Shea, a former major shareholder of Rea Magnet Wire. “Customers will directly benefit from our combined operational excellence and technological expertise in systems and products.”
Elektrisola notes that the company is the world’s largest manufacturer of enameled copper wire finer than 0.15 mm. Founded in 1948 in Germany, Elektrisola currently has 14 plants in seven countries with approximately 4,000 employees.

Rea Magnet Wire Company, the largest privately held magnet wire company in the world serving the motor, generator and transformer industries, was founded in 1933 in Fort Wayne, Indiana. It supplies a diverse selection of alloys and tempers. Its five plants in North America have approximately 800 employees.

Stamford-based private equity firm Olympus Partners has agreed to acquire the International Wire Group (IWG) from its parent company, Atlas Holdings, in a deal reported to be valued at more than $900 million.

“When we acquired IWG, we partnered with (IWG CEO and President) Greg Smith to transform and grow the business. In the four years since, we have seen IWG cement its industry-leading position and create a unique platform for continued growth,” Atlas Partner Neil Mahajan said in a written statement. “We are looking forward to continuing to support the company in this new chapter with Olympus Partners.”

“The company has been built up over time and needs more capital to grow as it gets to the next stage,” Olympus Partners CEO and Chairman Rob Morris said of his firm’s agreement to acquire International Wire Group Holdings. “That’s the role we’re here to play.”

IWG, headquartered in Camden, New York, is the largest U.S. non-vertically integrated copper and copper-alloy wire products manufacturer in the United States. Its product line includes single-end wire and copper wire on bobbins, stranded conductors, metal and textile braided products, and flat wire as well as over braiding services for copper wires. Worldwide, IWG has 19 manufacturing facilities and a distribution facility in its business units. Those include its Bare Wire Division, which includes Continental Cordage and High Performance Conductors; Owl Wire; and International Wire Europe, which has five factories operated by Italtrecce (Italy), Tresse Métallique J.Forissier (France), and International Wire Polska (Poland).

Atlas, which acquired IWG in April 2019, will continue as an investor in the company, following the expected closing of the deal in the second quarter of this year. Atlas and its affiliates own and operate 26 companies. Olympus CEO and Chairman Rob Morris has said that he sees much potential for IWG as its product lines serve growing markets such as electric vehicles, electric charging stations, airplanes and data centers. “The company has been built up over time and needs more capital to grow as it gets to the next stage. That’s the role we’re here to play.”

IWG President and CEO Gregory Smith said that he greatly appreciated the growth that was made possible by Atlas, and the next stage. “I’m looking forward to continuing to serve our long-standing customers and continuing our growth with our new partners at Olympus.”