{"id":772620,"date":"2023-07-26T11:23:10","date_gmt":"2023-07-26T15:23:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/commscope-announces-fiber-cable-manufacturing-expansion-in-north-carolina\/"},"modified":"2023-07-26T11:23:10","modified_gmt":"2023-07-26T15:23:10","slug":"commscope-announces-fiber-cable-manufacturing-expansion-in-north-carolina","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/commscope-announces-fiber-cable-manufacturing-expansion-in-north-carolina\/","title":{"rendered":"CommScope Announces Fiber Cable Manufacturing Expansion in North Carolina"},"content":{"rendered":"

<\/p>\n

CommScope Announces Fiber Cable Manufacturing Expansion in North Carolina<\/b><\/p>\n

$60.3 million investment will help bring broadband services to underserved and rural communities throughout the U.S.<\/i><\/p>\n

HICKORY, N.C.–(BUSINESS WIRE<\/a>)–CommScope<\/a>\u00ae (NASDAQ: COMM), a global leader in network connectivity, announced today the company plans to invest $60.3 million over the next four years to expand its manufacturing facilities based in North Carolina. These plans bolster CommScope\u2019s ability to meet U.S. supply demands driven by federal initiatives to bring \u2018Internet For All\u2019 \u2013 including in underserved and rural broadband markets \u2013 and will also enhance production capacity over the next four years. Increased production and creation of at least 250 new jobs will align with demand driven from states throughout the U.S. as they begin to disburse Broadband Equity, Access, and Deployment (BEAD) Program funding.<\/p>\n

\n\u201cBroadband for everyone is no longer a luxury, but rather a critical necessity to participate in today\u2019s society and economic market,\u201d stated Chuck Treadway, president and CEO, CommScope. \u201cWe have long been committed to supplying our partners with the solutions necessary to bring broadband to everyone. Furthering our long-standing relationship with the State of North Carolina is a great next step to bring \u2018Internet For All\u2019, and we are thrilled to work with the State on this endeavor. This partnership not only contributes to the economic prosperity of Catawba County but also furthers our commitment to meet the objectives of the BEAD program. This exciting expansion continues to shine a spotlight on Catawba County and North Carolina as the hub that supplies the nation with fiber cable.\u201d<\/p>\n

\nCommScope currently has the capacity to manufacture drop cable at a rate of approximately 2 billion feet per year in its U.S. facilities \u2013 a level of production that will allow states and their partners to connect every underserved American as a part of the BEAD program. The expansion will further allow CommScope to manufacture the necessary cable to enable service providers to deploy broadband across the U.S. Capacity increase will align around loose tube production and additional fiber cable counts and styles needed for rural deployment, including CommScope\u2019s HeliARC\u2122 fiber-optic cable. First announced in March<\/a>, the HeliARC fiber-optic cable is specifically designed for rural fiber network architecture.<\/p>\n

\n\u201cConnecting every household in North Carolina to high-speed internet is going to take a lot of fiber, and with this expansion CommScope is answering the call not only with American jobs, but North Carolina jobs,\u201d stated N.C. Governor Roy Cooper. \u201cWe appreciate CommScope\u2019s additional investment in Catawba County and their confidence in our workforce to improve the nation\u2019s fiber-optic infrastructure.\u201d<\/p>\n

\n\u201cWe are honored CommScope has chosen Catawba County from which to continue to manufacture the cutting-edge technologies that will help bring about \u2018Internet for All\u2019 across our state and nation,\u201d Randy Isenhower, chair of the Catawba County Board of Commissioners, remarked. \u201cAs a company, CommScope remains one of our community\u2019s greatest success stories from its entrepreneurial origin to its present Fortune 500 global enterprise. Their legacy and impact continue to grow with today\u2019s announcement.\u201d<\/p>\n

CommScope and the CommScope logo are registered trademarks of CommScope and\/or its affiliates in the U.S. and other countries. For additional trademarks information see <\/i>https:\/\/www.commscope.com\/trademarks<\/i><\/a>. <\/i>All product names, trademarks and registered trademarks are property of their respective owners.<\/i><\/p>\n

About CommScope:<\/b><\/p>\n

\nCommScope (NASDAQ: COMM) is pushing the boundaries of technology to create the world\u2019s most advanced wired and wireless networks. Our global team of employees, innovators and technologists empower customers to anticipate what\u2019s next and invent what\u2019s possible. Discover more at www.commscope.com<\/a>.<\/p>\n

\nFollow us on Twitter<\/a> and LinkedIn<\/a> and like us on Facebook<\/a>.
\n
Sign up for our press releases<\/a> and blog posts<\/a>.<\/p>\n

This press release includes forward-looking statements that are based on information currently available to management, management\u2019s beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.<\/i><\/p>\n

Source: CommScope<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230726503630\/en\/<\/a><\/span><\/p>\n

News Media Contact:
\n<\/b>
Luke Hamer
\n
Luke.Hamer@commscope.com<\/a><\/p>\n

Financial Contact:
\n<\/b>
Massimo DiSabato, CommScope
\n
+1-630-281-3413<\/p>\n

KEYWORDS:<\/b> North Carolina United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Telecommunications Networks Internet Hardware Data Management Technology Mobile\/Wireless Other Technology<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

CommScope Announces Fiber Cable Manufacturing Expansion in North Carolina $60.3 million investment will help bring broadband services to underserved and rural communities throughout the U.S. HICKORY, N.C.–(BUSINESS WIRE)–CommScope\u00ae (NASDAQ: COMM), a global leader in network connectivity, announced today the company plans to invest $60.3 million over the next four years to expand its manufacturing facilities based in North Carolina. These plans bolster CommScope\u2019s ability to meet U.S. supply demands driven by federal initiatives to bring \u2018Internet For All\u2019 \u2013 including in underserved and rural broadband markets \u2013 and will also enhance production capacity over the next four years. Increased production and creation of at least 250 new jobs will align with demand driven from states throughout the U.S. as they … <\/p>\n

Continue reading “CommScope Announces Fiber Cable Manufacturing Expansion in North Carolina”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-772620","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCommScope Announces Fiber Cable Manufacturing Expansion in North Carolina - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/commscope-announces-fiber-cable-manufacturing-expansion-in-north-carolina\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CommScope Announces Fiber Cable Manufacturing Expansion in North Carolina - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CommScope Announces Fiber Cable Manufacturing Expansion in North Carolina $60.3 million investment will help bring broadband services to underserved and rural communities throughout the U.S. HICKORY, N.C.–(BUSINESS WIRE)–CommScope\u00ae (NASDAQ: COMM), a global leader in network connectivity, announced today the company plans to invest $60.3 million over the next four years to expand its manufacturing facilities based in North Carolina. These plans bolster CommScope\u2019s ability to meet U.S. supply demands driven by federal initiatives to bring \u2018Internet For All\u2019 \u2013 including in underserved and rural broadband markets \u2013 and will also enhance production capacity over the next four years. 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