Hanwha Solutions announced the launch of its new Wire & Cable Division on Wednesday, aimed at accelerating growth in the development of high-value materials crucial for modern power infrastructure.
This strategic move follows a recent restructuring within its Chemical Division, enabling the new unit to operate independently and concentrate on specialized product development. The Wire & Cable Division will be spearheaded by Carlo Scarlata, formerly the Chief Commercial Officer at Prysmian, a global leader in the cable manufacturing industry.
Hanwha is strategically positioning this division to leverage the increasing global demand for high-voltage cable materials, a demand primarily fueled by widespread grid expansion initiatives and the global shift towards electrification.
At the heart of this strategy lies cross-linked polyethylene, commonly known as XLPE. This high-purity insulating material is a critical component in extra-high-voltage cables. XLPE enhances heat resistance, improves overall durability, and boosts transmission efficiency, making it indispensable for efficient long-distance power delivery.
The company has also pioneered the development of next-generation XLPE tailored for super-extra-high-voltage applications. This advanced material can support transmission at voltages up to 550 kilovolts, making it perfectly suited for the most demanding, high-end 500kV cable systems.
With the global market for extra-high-voltage XLPE experiencing robust growth at over 7 percent annually, Hanwha, currently the world’s third-largest XLPE producer, intends to solidify its leadership position in the market.
“As we continue to drive innovation in power transmission materials, the Wire & Cable Division will be instrumental in delivering cutting-edge solutions for global energy infrastructure projects,” stated Scarlata.
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