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...need to open a new cable manufacturing facility. No, they don't. [1] https://www.nsw.com/en/cable/submarine-power-cable/ https://www.nsw.com/en/cable/submar
by LargoLasskhyfv 5y ago
...need to open a new cable manufacturing facility.
No, they don't. [1] https://www.nsw.com/en/cable/submarine-power-cable/ https://www.nsw.com/en/cable/submarine-power-cable/ has plenty of capacity. They have been in the local, regional and sometimes national news for having to sit on their product, because for environmental reasons some (otherwise fully operational) offshore wind parks couldn't get connected. Maybe some other factory in the same region also. Expected boom, and then busted by regulation. Meanwhile investigations because of cartel allegiations in that sector, but not them. Anyways, out of work, profit, changed owner two times.
Whatever, it mostly just sits there, way underutilized.
Deal with it! :-)