NKT speeds up Karlskrona offshore power cable factory expansion, targets Q2 2027 start
Bitget2026/09/29 05:31- NKT accelerated its Karlskrona, Sweden expansion, positioning the site as the world’s largest offshore power cable factory.
- Commercial operations now expected to start in Q2 2027, slightly ahead of the original plan.
- Expansion supports delivery of the Transmission order backlog, underpinning financial ambitions for 2030.
- Execution continues on a EUR 2 billion investment program focused on capacity buildout, cash generation, capital discipline.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
About 700,000 BTC have flowed out of exchanges in the past year.
Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks
In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
Copper prices approach historic highs! UBS remains bullish: "Still most optimistic"
Crypto prices
More
