Hellenic Cables Americas will be building an approximately $300 million cable manufacturing facility at 3901 Asiatic Ave. in the Wagners Point industrial area in South Baltimore. The long-vacant 38-acre property, just east of the Curtis Bay neighborhood, is expected to see construction at the end of this year. Hellenic Cables Americas is a subsidiary of Belgian-based company Cenergy Holdings
During the construction period, Hellenic estimates hiring approximately 200 people in trades related positions. An estimated 120 new manufacturing jobs will be created when the factory is fully operational, toward the end of 2026. An estimated 250 indirect jobs will be supported by various services during both the construction and operational periods.
Hellenic received a federal tax credit of up to $58 million from the Department of Energy as a Qualifying Advanced Energy Project
In a press release, Hellenic said, “The new factory, will be dedicated to manufacturing underwater and underground cables for Offshore Wind and Grid Modernization applications. It will address the 21st century, growing energy transition market with high-tech products made in a modern, clean, low-noise, ultra-low-emissions environment.”
Hellenic is one of the largest cable producers in Europe, manufacturing power and telecom cables, as well as submarine cables for industries including offshore wind and utilities.
“We are excited to be part of Maryland’s expanding role in building a robust U.S. based supply chain for power transmission,” said Cenergy Senior Executive Thanasis Molokotos, in a press release. “The support of the local community, city leaders, and state and federal representatives has been instrumental in reaching this important milestone for Hellenic Cables.”
“Maryland is proud to partner with Cenergy Holdings and Hellenic Cables to build a cleaner, greener, and more equitable future for all. By working together, we will create new jobs, make Maryland more competitive, and provide fresh pathways to work, wages, and wealth for more Baltimoreans,” said Maryland Governor Wes Moore in a press release.
Hellenic’s new facility adds to a growing number of investments in the industrial sector near the South Baltimore neighborhoods of Brooklyn and Curtis Bay. Kansas City’s NorthPoint Development constructed the 900,000 sq. ft. Harbor Logistics Center in Curtis Bay in recent years and inked a 150,000 sq. ft. lease with Home Chef.
Indianapolis-based Scannell Properties recently built three large warehouses with 522,675 sq. ft. of warehouse space and 58,075 sq. ft. of office space at 4501 Curtis Ave. and 1701 Benhill Ave.
Rendering courtesy of Hellenic Cables Americas
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About the Author: Kevin Lynch
Founder and Publisher of SouthBmore.com, longtime resident of South Baltimore, and a graduate of Towson University. Diehard Ravens and O’s fan, father of three, amateur pizza chef, skateboarder, and “bar food” foodie. Email me at Kevin@InceptMM.com and follow me on Twitter at @SoBoKevin.
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