Hellenic Cables to double initially planned production capacity at its Baltimore cables facility
PRESS RELEASE
Brussels, October 19, 2026
Cenergy Holdings announces that its Board of Directors has approved the expansion of the Hellenic Cables Americas manufacturing facility in Baltimore, Maryland, through the installation of additional cable insulation lines.
The expansion will double the production capacity of land cables initially planned for the facility, significantly increasing Hellenic Cables’ ability to serve the rapidly growing US market and capture increasing demand driven by grid modernization, data center development, and broader electrification trends. The expansion will be funded from the Group’s own resources as the proceeds of the 2024 Share Capital Increase are fully allocated to the initial development of the facility.
The decision to expand the facility’s capacity reflects the strong commercial momentum and growing pipeline of opportunities in the US market across medium- and high-voltage cable applications. It also demonstrates Cenergy Holdings’ confidence in the long-term growth potential of the US power infrastructure market and reinforces the strategic importance of its domestic manufacturing presence.
Electricity demand in the United States is growing at its fastest pace in decades, driven by AI-related data centers, industrial reshoring and increased electrification. Against this backdrop, the Baltimore facility is being developed as a scalable, state-of-the-art manufacturing platform, combining advanced technology, domestic production and proximity to customers.
Mr. Alexiou, CEO of Cenergy Holdings, commented: “The decision to increase the initially planned production capacity of our Baltimore facility reflects the strength of the opportunities we see in the US market and our confidence in its long-term growth prospects. Baltimore is developing into a scalable manufacturing platform and an important pillar of our growth strategy in the United States. This expansion will further enhance our ability to support our customers with reliable, locally manufactured cable solutions, while creating sustainable long-term value for our shareholders”.
About Cenergy Holdings
Cenergy Holdings is a Belgian holding company listed on Euronext Brussels and Euronext Athens. It invests in leading industrial companies, focusing on the growing global demand of energy transfer, renewables and data transmission. Cenergy Holdings’ portfolio consists of Corinth Pipeworks and Hellenic Cables, two companies at the forefront of their respective high growth sectors. Hellenic Cables is one of Europe’s largest cable manufacturers, producing power, telecom and submarine cables. Corinth Pipeworks is a global leader in the manufacture of steel pipes for the energy sector and a major producer of steel hollow sections for the construction industry. For more information, please visit our website at www.cenergyholdings.com.