LS Cable & System announced in Korea IT Times that it has signed an MOU with the Korea Photonics Technology Institute (KOPTI) for cooperation in next-generation optical communication technology for advanced communication systems such as 5G and 6G. The two companies plan to expand optical communication technology cooperation and human exchange, starting with the development of multi-core optical fiber. “Multicore optical fiber is so difficult that only a few European and Japanese companies have succeeded in developing it. ... We have an ability to overcome the technical challenges associated with multi-core optical fiber development.”

... Southwire’s President and CEO Rich Stinson added to his long string of industry accolades, being named the 2023 Most Respected Business Leader by Georgia Trend!, a monthly magazine covering business and finance in Georgia. The publication did a lengthy piece outlining the company’s accomplishments under his leadership, both financially as well as its approach to sustainability and employee diversity.

... Chroma Color Corporation announced that it was recently awarded a Silver rating from EcoVadis for 2023. “After receiving the Bronze award last year ... we implemented programs to become more cognizant of the use of our resources such as reduction of water usage, improving air quality, reuse of scrap materials, and reduction of electricity usage. We will continue to identify additional areas where we can reduce our carbon footprint and become more socially mindful and responsible as it is the right and good thing to do for all of us and our future,” said Chroma Color’s Corporate Quality & Regulatory Manager Jennifer Presnell.

... SIKORA AG reports that it was named a “Germany’s innovation leader 2023” by the F.A.Z.-Institut, which analyzes worldwide patent applications from over 500 technology and knowledge areas. It evaluates the number of patents submitted in the last 10 years and their relevance. Last year, SIKORA, which annually invests about 10% of its revenue in R&D, was named an innovation leader for “Measuring, testing.” It was cited again in 2023, for the category for “Processing of plastics.”

... The Prysmian Group announced the availability of its Lifeline® RC90 fire resistive cables in Canada. The cables officially received its ULC-S139 listing and meet all the requirements of the Canadian National Building and Electrical Safety Codes and is now available for immediate implementation across the country within a variety of industries, including healthcare facilities, transportation networks and more

Chroma Color Corporation (CCC) announced that it has acquired Polymer Concentrates Inc. (PCI), a privately held company that develops and manufactures color concentrates for the international plastics industry.

A press release said that acquiring PCI, based in Clinton, Massachusetts, further bolsters the manufacturing footprint of Chroma Color. Terms of the deal were not disclosed. “Over the past five decades, Polymer Concentrates Inc. has forged deep relationships with a wide range of customers in the automotive, communication technology, wire-cable, housewares, netting, packaging, and other specialty industries,” it said.

“We were very excited when we saw the opportunity to add Polymer Concentrates Inc. to the Chroma family,” said Chroma Color Corporation CEO Tom Bolger. “The company has a solid reputation in the marketplace and its facility is very close to our plant in Leominster, Massachusetts.” He added that the two companies complementary product lines, but distinctly different customer bases. “That makes this acquisition very attractive allowing us to offer a broader suite of products to the customers of both the legacy Chroma and PCI.”

Chroma Color Corporation serves multiple markets, including wire and cable. It was formed in 2018 when four well-established color concentrate companies (Breen, Hudson, Carolina, and Chroma Colors) combined their resources to form the single business entity.