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.
