Hellenic Cables expands US operations with additional insulation lines

The investment will significantly increase the facility’s originally planned production capacity for onshore power cables, strengthening the Group’s presence in the US market.

The expansion aims to meet growing demand for medium- and high-voltage cables, driven by the modernisation of electricity grids, the development of data centres and the broader electrification of the economy.

The new investment will be financed through the Group’s own funds, as the proceeds raised through its 2024 share capital increase have already been allocated to the initial development of the Baltimore facility.

Rising Demand for Energy Infrastructure in the US

The decision to expand production capacity reflects the commercial prospects of the US market and the growing pipeline of opportunities identified by Hellenic Cables. Demand is increasing across both medium- and high-voltage cable applications, creating further growth opportunities for the company.

A key driver is the rise in electricity consumption across the United States, fuelled by the rapid expansion of data centres supporting artificial intelligence, the strengthening of domestic industrial production and the electrification of a growing range of economic activities.

Against this backdrop, the Baltimore facility is being developed as a scalable manufacturing operation that combines advanced technology, local production and proximity to customers. Strengthening the Group’s US manufacturing base is expected to improve its ability to respond to market needs with reliable, domestically manufactured cable solutions.

Cenergy Holdings’ Strategy

Cenergy Holdings Chief Executive Officer Mr Alexiou said the decision to increase the facility’s originally planned capacity reflects the significant opportunities the Group sees in the US market and its confidence in the market’s long-term prospects.

He noted that the Baltimore facility is evolving into a scalable manufacturing platform and a key pillar of Cenergy Holdings’ growth strategy in the United States.

According to Mr Alexiou, the expansion will further strengthen the Group’s ability to support customers with reliable, locally manufactured cable solutions while contributing to long-term shareholder value creation.