Here's one we missed when it was announced April 14: Superior Essex plans to expand its production facilities in Tarboro, N.C., for making power cable. The company, a subsidiary of Korea's LS Cable, plans to invest $58 million in new infrastructure and manufacturing equipment. The operation is expected to add 116 employees through 2015.
“The US power cable market is the second largest in the world, and we believe it is poised for growth as the need for alternative energy and increased energy efficiency converges with an economic recovery,” said Stephen Carter, CEO of Superior Essex Inc. “With this strategic investment, we aim to replicate the success LS Cable has had in the power cable business throughout the rest of the world.”