Market News
Recent Developments:
New product launches:
- In June 2023, Nexans, a global company in the cable and optical fibre industry, launched a revolutionary high-voltage cable range specifically designed for aircraft. Boasting superior efficiency compared to its predecessors, this cable family represents a game-changer in the industry's quest to achieve carbon neutrality by 2050.
- In February 2023, Powerhouse Sterlite, an integrated power transmission developer and solutions provider, launched two game-changers at ELECRAMA: the high-fiber 96 Fiber OPGW for faster data and digitization, and the ACCC ULS Brahmaputra conductor conquering transmission challenges – both ensuring reliable, secure, and efficient power flow
Acquisition and partnerships:
- In September 2022, Nexans acquired Centelsa, a leading manufacturer of power cable accessories, in Latin America to strengthen its accessories business
- In December 2023, Sterlite Power completed the acquisition of Neemrana II Kotputli Transmission.