Chinese electronics giant Luxshare-ICT has officially acquired German cable and wiring systems specialist Leoni AG, finalizing a transaction first announced last year.

A press release from Leoni AG said that the partnership between Luxshare-ICT and Stefan Pierer marks a key step in securing Leoni’s future growth and stability. Luxshare-ICT now holds a 50.1% stake in Leoni AG’s Wiring Systems Division, while its subsidiary TIME Interconnect has acquired 100% of the Automotive Cable Solutions (ACS) division, following all necessary approvals since the September 2024 agreement.

This deal enhances Leoni’s market access through Luxshare’s global customer network and enables ACS to expand in Europe and Asia. The combined strengths of Leoni and Luxshare will produce complementary products, drive vertical integration, and create supply chain efficiencies, while leveraging both firms’ automation expertise and global manufacturing networks.

Leoni’s CEO Klaus Rinnerberger noted that the partnership supports financial recovery and continued restructuring, with efforts underway to streamline operations and costs. “Our complementary portfolios, manufacturing strengths, and positive customer feedback prove that Leoni and Luxshare are an ideal match,” he said.

Per a Leoni LinkedIn posting, the deal brings “a time of transformations and new beginnings - not just in our business, but across our teams, our technology and our vision. ... (We look ahead) with confidence as we continue to innovate, collaborate and connect across the globe.”

Taihan Cable & Solution has won a turnkey contract for the supply and installation of inter-array cables at the 532 MW Anma offshore wind farm in South Korea.

A press release said that the project, valued at approximately €113 million, calls for Taihan to oversee the entire turnkey process, including the design, manufacturing, transportation and installation of inter-array cables. All submarine cables will be produced at the recently completed Dangjin Submarine Cable Plant 1.

For cable-laying operations, Taihan will use PALOS, South Korea’s only cable-laying vessel (CLV). The CLV recently completed the installation of export cables at the 364.8 MW Yeonggwang Nakwol offshore wind farm.

Submarine Cable Plant 1 will supply both inter-array and export cables for the offshore wind market. As of July 16, Taihan has also approved investment in Submarine Cable Plant 2, which will be capable of producing 640 kV HVDC and 400 kV HVAC cables.

The 532 MW Anma offshore wind farm is planned to be built on the west coast of the Anma Archipelago in Yeonggwang-gun, Jeollanam-do, covering an area of 83.9 million square meters. The wind farm was among five developments awarded a share of nearly 1.9 GW in offshore wind capacity by the South Korean government at the end of 2024.

The submarine cables that will connect Anma to the mainland will be supplied by LS Cable & System, while the cables will be installed by its subsidiary, LS Marine.

KnitMesh Technologies, a U.K. manufacturer of knitted wire mesh solutions, reports that it has made a major investment at its manufacturing facility near New Delhi, India that it opened in 2023.

Per the company, the site has recently commissioned new knitting machines and associated equipment, capable of producing knitted wire mesh up to 1000 mm wide. The investment, which should enable the company to double its capacity, is part of its broader, ongoing strategy.

The new equipment will allow KnitMesh Technologies to better serve prestigious customers in fast-growing industries such as electrolyzer manufacture for use in green hydrogen production, where high-performance knitted mesh components are essential. Also, the wider mesh width is ideal for applications in zoos and aviaries, where large-format stainless steel screens are often required for animal and bird enclosures.

The company said that it had 16 employees when it first opened and that it expects to have 24 once the additional positions are completed. The company did not expand the facility but it did acquire new building space near New Delhi last year in anticipation of future growth.

By establishing a local presence, KnitMesh Technologies is better positioned to offer on-the-ground support, faster response times, and enhanced technical expertise. This expansion allows the company to collaborate more closely with Indian manufacturers, offering them access to KnitMesh Technologies’ cutting-edge solutions and empowering them to overcome their unique challenges.

“This investment reinforces our commitment to innovation and customer service,” said KnitMesh Technologies Managing Director Peter Evans. “By enhancing our knitted wire mesh production capabilities in India, we can meet growing global demand more efficiently while developing new, industry-specific solutions.”

“The New Delhi facility plays a key role in KnitMesh Technologies’ global operations, supporting both regional and international customers,” said Saurabh Thapar, managing director of the KnitMesh operation in India. “These strategic upgrades are designed to future-proof operations and align with increasing demand for high-quality, custom-engineered knitted wire mesh across a variety of sectors.”

LS Cable & System (LS C&S) and LS ELECTRIC announced that on July 10, they signed an MOU with Korea Electric Power Corporation Corporation (KEPCO) to jointly develop and complete the world’s first superconducting power grid at a hyperscale data center in Gapyeong, South Korea, by 2028.

A press release said that LS C&S will design and manufacture superconducting cables, while sister-company LS Electric will supply superconducting fault current limiters and other power equipment. KEPCO will oversee technical and regulatory aspects and coordination.

LS C&S already demonstrated commercial viability of superconducting cable technology in 2019 when it began operating a 1-km superconducting cable section between Singal-Heungdeok Energy Center substations in Yongin, Gyeonggi Province. Compared to existing copper lines, the installation reduced transmission losses by a factor of 20.

 “This collaboration between three leading power industry companies on the world’s first superconducting power grid for data centers is a significant milestone,” said LS Electric Chairman Koo Ja-kyun. He noted that LS Cable & System’s superconducting cables and LS Electric’s advanced fault current limiters will offer optimal solutions for the eco-friendly power grid market.

The superconducting fault current limiters are key components that enhance operational stability by immediately interrupting fault currents, thereby preventing equipment damage and minimizing data loss risks. This technology is particularly crucial for AI data centers where uninterrupted power supply is essential for continuous operations.

The three companies plan to expand cooperation in developing and demonstrating superconducting grid technologies while pursuing initiatives to foster the industry ecosystem and jointly enter overseas markets. The Gapyeong project is expected to serve as a blueprint for future superconducting power infrastructure deployments globally, particularly in markets with high concentrations of energy-intensive data centers supporting AI and cloud computing operations.

Taihan Cable & Solution Co. announced August 13 that its wholly owned Vietnamese subsidiary, Taihan Vina, will invest approximately $54 million to establish Vietnam’s first 400kV-class extra-high voltage (EHV) cable production facility.

A press release said that this will be the company’s first overseas EHV cable plant, aimed at capturing the rapidly growing power infrastructure market driven by Vietnam’s industrial expansion. The new plant will be in the Long Thanh Industrial Park, Dong Nai Province, by Taihan Vina’s existing facility, on a site of some 56,200 sq m. Construction is scheduled to commence in the first half of 2026, with operations expected to begin in 2027.

The release said that the strategic expansion targets Vietnam’s surging power demand, projected to grow at an annual rate of 10-12% through 2030, fueled by large-scale transmission projects involving 220 kV or higher capacity EHV cables. The new plant will allow Taihan Vina to serve not only Vietnam but also export to key markets such as Europe, North America, and Oceania, thus supporting the company’s broader international expansion plans.

Taihan Cable operates two cable plants and one cable accessory plant in South Korea. Overseas, it runs cable plants in South Africa, Kuwait and Vietnam, along with a cable accessory plant in Saudi Arabia. Founded in 2005 and headquartered in Ho Chi Minh City, Taihan Vina employs around 300 people. Its product lineup includes high-voltage, medium-low voltage power cable, and overhead wires. Last year, the subsidiary achieved sales of approximately $132 million, representing a 20% year-over-year increase.

“Vietnam’s excellent industrial environment, infrastructure, and geographical advantages will serve as a solid foundation for Taihan Vina to establish itself as a major global supplier in the EHV cable sector,” said a company spokesperson. “We aim to expand our presence beyond Asia to the global market.”