Latest news with #PrysmianGroup
Times of Oman
12-05-2025
- Business
- Times of Oman
Oman Cables Industry Unites Customers and Stakeholders for a Sustainable Tomorrow at Royal Opera House Muscat Conference
Muscat: Oman Cables Industry (OCI) hosted a landmark conference 'Side by Side, United for a Sustainable Future,' at The Royal Opera House Muscat, bringing together industry leaders, partners and stakeholders to showcase cutting-edge innovations in cable solutions, emphasizing sustainability, safety and energy efficiency. With over 40 years of legacy as a globally growing Omani company, combined with over 100 years of legacy of Prysmian Group 'Our Strategic Partner', OCI reinforced its commitment to advancing Oman's economic diversification and sustainable development goals. The conference featured insights from top executives, including the CEO of Oman Cables, who gave a strategic outlook on the ambitions of the Company contributing towards Oman Vision 2040, Innovations and Technologies, Products and Solutions, and OCI's role in shaping a greener future. Guest speaker included Imad Khamis al Shukaili, Director General of Standards and Metrology Ministry of Commerce, Industry and Investment Promotion. CEO of Oman Cables, Erkan Aydogdu, said: 'As we celebrate 40+ years of excellence, we remain committed in driving innovation to support Oman Vision 2040. Our continuous focus and investments in sustainable and innovative technologies reflect our pledge to a smarter, safer future, both locally and globally. From Prysmian E-Path and solar renewable solutions to digital advancements like Omhero and Alesea, our portfolio is engineered to empower all projects in Oman and the region including renewables projects and LEED certified projects in Oman. 'Sustainability, innovation, quality, safety, and efficiency are at the heart of every solution we deliver.' The conference highlighted dynamic strategic discussions on the future of renewable energy, the critical role of fire-resistant cables like OCI FLAMX, and the transformative potential of smart digital solutions in building resilient infrastructure. Attendees experienced interactive showcases of OCI's state-of-the-art innovations, including advanced MV accessories and cutting-edge energy-efficient systems designed to meet tomorrow's challenges. Contributing to Oman Vision 2040, OCI's initiatives reaffirm its leadership in delivering safe, efficient, and sustainable cable solutions, powering the nation's infrastructure, energy transition and smart cities of the future.
Zawya
12-05-2025
- Business
- Zawya
Oman Cables Industry unites customers and stakeholders for a sustainable tomorrow
Muscat, Oman: Oman Cables Industry (OCI) hosted a landmark conference 'Side by Side, United for a Sustainable Future,' at The Royal Opera House Muscat, bringing together industry leaders, partners and stakeholders to showcase cutting-edge innovations in cable solutions, emphasizing sustainability, safety and energy efficiency. With over 40 years of legacy as a globally growing Omani company, combined with over 100 years of legacy of Prysmian Group 'Our Strategic Partner', OCI reinforced its commitment to advancing Oman's economic diversification and sustainable development goals. The conference featured insights from top executives, including the CEO of Oman Cables, who gave a strategic outlook on the ambitions of the Company contributing towards Oman Vision 2040, Innovations and Technologies, Products and Solutions, and OCI's role in shaping a greener future. Guest speaker included Imad Khamis al Shukaili, Director General of Standards and Metrology Ministry of Commerce, Industry and Investment Promotion. CEO of Oman Cables, Erkan Aydogdu, said: 'As we celebrate 40+ years of excellence, we remain committed in driving innovation to support Oman Vision 2040. Our continuous focus and investments in sustainable and innovative technologies reflect our pledge to a smarter, safer future, both locally and globally. From Prysmian E-Path and solar renewable solutions to digital advancements like Omhero and Alesea, our portfolio is engineered to empower all projects in Oman and the region including renewables projects and LEED certified projects in Oman. 'Sustainability, innovation, quality, safety, and efficiency are at the heart of every solution we deliver.' The conference highlighted dynamic strategic discussions on the future of renewable energy, the critical role of fire-resistant cables like OCI FLAMX, and the transformative potential of smart digital solutions in building resilient infrastructure. Attendees experienced interactive showcases of OCI's state-of-the-art innovations, including advanced MV accessories and cutting-edge energy-efficient systems designed to meet tomorrow's challenges. Contributing to Oman Vision 2040, OCI's initiatives reaffirm its leadership in delivering safe, efficient, and sustainable cable solutions, powering the nation's infrastructure, energy transition and smart cities of the future. ABOUT OMAN CABLES INDUSTRY (SAOG) Oman Cables Industry (SAOG), a public joint stock company listed on Muscat Stock Exchange (MSX), is a leading cable manufacturer based in the Sultanate of Oman that develops, manufactures, and markets a wide range of electrical products, which include medium voltage power cables, low voltage power & control cables, instrumentation cables, pilot cables, overhead power transmission line conductors and building wires. In addition, Oman Cables Industry provides cables with unique specifications – for various applications and environmental conditions, or as per customer requirements. Part of the Prysmian Group - A truly global worldwide group leader in the cable industry - Oman Cables Industry ranks within the Top Global Wire and Cable Producers. Originally established in 1984, Oman Cables Industry now has offices located in Oman, UAE, Qatar, Bahrain and KSA. The company also enjoys an extensive network of distributors and agents throughout the Middle East, Africa, Turkey & India (MEAT) region. Media Relations marketing@ Investor Relations Jad Atallah
Yahoo
25-04-2025
- Business
- Yahoo
Chart: Trump is killing the country's clean-energy manufacturing momentum
See more from Canary Media's "Chart of the week' column. President Donald Trump's attacks on federal climate policy and his supply-chain-scrambling tariffs are taking a toll on the clean-energy manufacturing boom. In the first three months of this year, firms have already abandoned plans to build nearly $8 billion worth of clean energy projects — mostly factories that would have produced everything from grid batteries to electric vehicles, per new data from E2. It's a dramatic reversal from the Biden era: Between 2022 and 2024, a total of just $2.1 billion in investment was canceled. The Inflation Reduction Act, signed by former President Joe Biden in August 2022, unleashed a torrent of new clean energy projects. The manufacturing sector has seen a particularly notable uptick since the law went into effect. Construction spending on manufacturing began to soar. Well over $100 billion worth of EV assembly facilities, solar-panel factories, battery recycling plants, and more have been announced since the passage of the law, which created tax incentives as well as grant and loan programs for domestic clean-energy manufacturing. In total, those projects are expected to create over 109,000 permanent jobs nationwide; the U.S. currently has around 12.8 million workers in the manufacturing sector. But now, under President Trump, the trend has started to go in reverse. Construction spending on factories has plateaued. Firms are pausing and scaling down investment plans. Others are outright canceling projects due to Trump's policies: Take Prysmian Group, for example, which earlier this year scrapped its plan to build a $300 million offshore wind cable manufacturing facility at the site of a retired coal plant in Somerset, Massachusetts. For the first time since E2 began tracking the data in 2022, canceled investments in cleantech manufacturing outweigh new investments, and it's not particularly close. There are still some new investments happening: $1.7 billion worth in March alone, per E2, including a $200 million Tesla grid-battery factory in Texas. Plus, the vast majority of announced projects have yet to be canceled, paused, or downsized. But the going is not guaranteed to get any easier. Trump's tariffs are causing pain across the U.S. manufacturing sector in general. In an early April survey conducted by the Philadelphia Fed, manufacturers expected new orders to fall sharply over the next six months. And if congressional Republicans decide to rescind the Inflation Reduction Act's manufacturing incentives, a move that's on the table, the situation could grow even more dire.
