Leoni

Leoni and Hengtong Optic-Electric have signed a framework investment agreement to establish a joint venture in Jena, Germany, for the production of single-mode optical fibers for telecommunications and data networks.

Indian car wiring maker Motherson Sumi Systems Ltd is in early-stage talks with German peer Leoni AG over a possible merger, which could be worth more than €1 billion. The deal structure is unclear and may not succeed.

German company Leoni will invest EUR 32 million in a new production plant for car cable systems in Pleven, Bulgaria. Production is planned to begin by the end of 2018, with full capacity expected in 2020.

German company Leoni will start building a cable plant in Kraljevo, Serbia, in July or August 2018, investing over EUR 60 million. The facility will produce cables for Mercedes and employ 4,000 to 5,000 workers.

Leoni will create 1,200 new jobs starting April 2018 through an expansion of its automotive cable plant in Messaadine, Tunisia. The expansion will support production of components for photovoltaic cars.

Leoni opened its third factory in Serbia, in Nis, on July 29, 2017. The EUR 22 million, 22,000 sq m plant will produce cable sets for BMW cars and employ 2,200 people.

Leoni Tunisie announced the creation of 600 new jobs at its Mateur branch due to increased demand for cables for 1,600 cars, up from 1,000. The expansion follows a rise in orders from Mercedes.

Leoni has begun construction of a new cable plant in Roth, Germany, with a total floor space of 57,000 square meters. The company is investing EUR 90 million in the facility, which will focus on cables for the automotive industry and data cables for autonomous driving.