Sweden’s Hexatronic Group is investing in a new production line for fiber-optic cables at its largest production site, as part of a long-term supply agreement with Danish power cable manufacturer and installation firm NKT.

The new production line at the Hudiksvall facility will more than double the company’s capacity within submarine cable manufacturing, increasing it from approximately SEK 150-200 million (approximately €13.5–18.1 million) to over SEK 500 million (around €45.2 million) on an annual basis, depending on the product mix.