Foshan, Huizhou, and Dongguan Emerge as Key Metal Packaging Hubs in Guangdong Province

Nexans has acquired 100% of US-based aluminium and copper wire producer Republic Wire, with an enterprise value of about USD 734 million and an earn-out of up to USD 46 million. Republic Wire generates around USD 5.6 billion in revenue and operates a highly automated manufacturing and distribution platform, with capacity expected to increase by about 30% after expansion. Nexans said the deal aims to expand its presence in the US low- and medium-voltage cable market and strengthen its distribution network. The transaction is expected to close in Q3 2026 and generate about USD 250 million in synergies over three years, supporting long-term growth in North America.

According to Hydro's official website, Hydro's adjusted EBITDA for the first quarter of 2026 was NOK 8.668 billion, lower than NOK 9.516 billion in the same period last year. This was mainly due to lower raw material costs, higher metal prices, and increased sales of alumina and metals, but this was partially offset by lower alumina prices, a stronger NOK, and lower electricity generation. Hydro's profitability was strong this quarter, with adjusted earnings per share increasing to NOK 2.07 in the first quarter of 2026, compared to NOK 1.63 in the first quarter of 2025. The upstream business segment continued to operate strongly in the first quarter.

Hesheng Co., Ltd. disclosed its 2025 annual report on April 29. In 2025, the company achieved total operating revenue of 4.011 billion yuan, a year-on-year increase of 20.34%; net profit attributable to the parent company was 155 million yuan, a year-on-year increase of 92.47%.