Zhongtian Technology Group Engages PwC for European Factory Site Analysis
Zhongtian Technology Group (ZTT) has contracted PwC to analyze locations for a high voltage direct current subsea cable factory, targeting the UK and Northern Europe. The decision is expected by late 2026, potentially impacting supply chains and manufacturing capabilities in the region.
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Zhongtian Technology Group (ZTT) has enlisted PwC for a site selection analysis to establish a factory for HVDC subsea cables, focusing on the UK and Northern Europe. The findings from PwC's study are anticipated to reach ZTT's board in the latter half of 2026, influencing the final decision on the factory location.
ZTT's ongoing supply agreements with major European energy firms, including TenneT and Ørsted, illustrate its established presence in the region. Concerns remain regarding the EU's proposed Industrial Accelerator Act, which could impose ownership limitations on foreign investments. Meanwhile, European competitors like Prysmian and Nexans are expanding their manufacturing capabilities, highlighting the growing demand for cable production in the region.
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