South Korea’s LS Marine Solution, a subsea cable installation company, announced that it plans to invest approximately $252 million to construct one of the world’s largest cable-laying vessels (CLV) as it seeks to expand its presence in the global offshore wind and HVDC markets.

Per a company statement, the new 13,000-ton-class vessel will rank among the top five globally for cable loading capacity and will be the largest in Asia when it enters service in the first half of 2028. The CLV will be capable of simultaneously laying both power and communication cables, a capability currently found in only three vessels worldwide. The shipbuilder has yet to be selected.

The move was described as part of LS Marine Solution’s broader strategy to secure large-scale HVDC and offshore wind projects in Korea, Europe, and North America. The company is positioning itself as a global turnkey project provider in collaboration with its affiliate, LS Cable & System, which is also preparing to launch its LS GreenLink subsea cable factory in the U.S.

In related news, LS Cable & System (LS C&S) signed an MoU with Korea Electric Power Corp. (KEPCO) to jointly develop and commercialize submarine cable management technology. They will integrate KEPCO’s real-time submarine cable diagnostic technology with LS C&S’s GIS-based cable asset management platform, aiming for global commercialization and enhanced operational reliability.

The goal is to prevent undersea ultra-high voltage transmission (HVDC) cable accidents. It is possible to predict damage to submarine cables due to fishing activities and preemptively respond by maintaining cables or changing buried locations.

 Orlando Precision reports that it has acquired Aero Spring & Manufacturing Company, Inc., and that it plans to  relocate its operations from Phoenix, Arizona.

A June 1 press release posted at LinkedIn by Orlando Precision said that Aero Spring “has a strong reputation as a trusted supplier of highly specialized components to Tier 1 and Tier 2 aerospace OEMs and their subcontractors.” It produces a wide range of custom and standard springs—including compression, coil, flat, helical, spiral, and clock/watch springs—as well as wire forms, rings, and clamps. The company serves industries such as aerospace, telecommunications and industrial manufacturing, providing both standard and specialized spring solutions.

The posting said that Orlando Precision will relocate Aero Spring to its site in Huntington Beach, California, where it will be integrated into the existing infrastructure and production. Orlando Precision, founded in 1957, was acquired by Crosse Partners in 2009.

Delta Tecnic, a Spanish specialist in color masterbatches for the cable and PVC industries, announced that it has reached an agreement to acquire Impact Formulators Group (IFG), a leading Italian producer of additive and color masterbatches.

A press release said that the transaction, announced on May 14, will see IFG—formed by the combination of Ultrabatch, Masterbatch, and Eurocolor—join Delta Tecnic’s portfolio. Based near Milan, IFG manufactures additive masterbatches as well as color masterbatch products. The acquisition adds functional additives to Delta Tecnic’s primarily color-focused product line, enabling the group to offer a broader range of solutions to its customers.

The combined group will operate six manufacturing plants across Spain, Italy, and Mexico, employ more than 270 people, and generate over €100 million in annual revenue. Delta Tecnic intends to leverage its strong presence in Spain and Mexico to help IFG expand into the Spanish and American agricultural markets.

Alcatel Submarine Networks (ASN) has won a contract from Southern Cross Cables Limited to supply the cable needed for the SX Tasman Express subsea cable system that will directly link Sydney, Australia and Auckland, New Zealand.

A press release said that the project represents a major leap forward in digital connectivity between Australia and New Zealand. The amount of cable was not specified but the route was estimated to span approximately 2,150 km. The project will use ASN’s latest subsea technology to deliver 400 terabits of additional capacity, distributed across 16 fiber pairs. Marine installation will be led by OMS Group. It is scheduled for completion in 2028.

The new system will feature an Open Cable System architecture, ensuring compatibility with future generations of submarine line terminals and providing the flexibility needed to support evolving digital technologies. Optimized for low latency, the Tasman Express will enable next-generation digital applications, from real-time cloud services to advanced AI workloads. The design also incorporates ASN’s advanced branching unit technology, which will allow for an alternate Australian landing point if required, adding further resilience and scalability to the network.

NKT has rebranded its Portuguese cable factory SolidAl under the NKT name, completing a key step in its European integration strategy, and preparing it for a significant upgrade.

A press release said that the company, located in Esposende and acquired in June 2024, will now operate as NKT Cables Portugal as part of the company’s broader move to align its operations under a single brand.

“The Esposende site has quickly become an important part of our applications business line, contributing to solid revenue and EBITDA over the past three quarters,” said Carlos Fernandez, executive vice president and head of applications at NKT. “The rebranding is expected to support a unified go-to-market strategy across Portugal, Spain, France, Ireland and the UK, enhancing NKT’s ability to deliver medium- and high-voltage solutions for power grid upgrades and renewables projects.

NKT is investing €50 million to expand the site’s production capacity to meet Europe’s rising demand for grid infrastructure. “Europe’s aging power grid is in substantial need of an upgrade,” Fernandez said. “Strengthening NKT’s footprint and offerings under one brand across Europe, while also investing to increase capacity and capabilities, will play a central role in supplying the necessary cables to modernize and connect Europe’s power grid.”

The 70,000 sq m factory, located 50 km north of Porto, employs 430 people who manufacture cables up to 225kV.