Development of high-end specialty cables has broad prospects

With the maturing of the global wire and cable market in recent years, the wire and cable manufacturing industry has experienced a slowing down of growth and a modest growth rate. The changes in the external environment and the impact of internal competition have made the world wire and cable industry enter the pattern of several giant monopoly competitions. Almost at the same time as South Korea’s LS Group announced its entry into China, Nexans announced that it invested €2,200 in the establishment of a new plant, Nexans Cables, marking that the world’s advanced specialty cables have been manufactured in China.

Previously, the high-end cables needed in the Chinese market were almost all dependent on imports. Although there are more than 7,000 local manufacturers in China, almost all of them are concentrated in the low-end market to snatch the market at a low price. As the prices of raw materials such as copper and aluminum continue to climb in recent years, profits have been diluted, and companies have struggled to survive. In the new generation, this has become a bottleneck for the development of domestic companies. Currently in the field of high-grade special cables with large profit margins, the Chinese market has been completely seized by transnational giants.

The open acceptance attitude of China's wire and cable market for special cables has provided a way for domestic cable companies that have been engaged in low-end battles for a long time. It is like a spring breeze blowing and it has injected a pin for the “dangerous patient” in the Chinese wire and cable industry. cardiac. According to statistics, at present, special cables account for about 30% of the total sales in China's cable market, which is about 40 billion yuan. The demand for special cable market is just like a huge and finely divided stage. It needs local companies to grasp, develop, and occupy.

Anhui and Sichuan are building two major special cable production bases, which are widely used in power, nuclear power, shipbuilding, port machinery, locomotives and rolling stock, rail transportation, tunnel construction, mineral exploration and exploration, land-ocean oil engineering, aerospace and other fields. As a result, the development of high-grade special cables has broad prospects for development. This has brought new market opportunities for domestic optical cable companies with certain strengths. The industry looks forward to the emergence of a number of veritable high-tech wire and cable companies.