Cenergy Holdings expects its order backlog to increase in 2026, focusing on high value-added international energy projects, with particular emphasis on the U.S. market. The company is leveraging its new cable manufacturing plant in the United States, scheduled to begin operations in the second half of 2027, as well as the recently acquired pipe production facility in England, which is expected to become fully operational in early 2027.
As Alexandros Benos, CFO of Cenergy Holdings, noted “during 2026, the group’s order backlog is expected to increase significantly due to new projects currently in the awarding phase. In 2025, the backlog had reached 3.4 billion euros.”
He also presented the company’s estimate for adjusted EBITDA in 2026 at between 370-400 million euros.
Benos highlighted that substantial investments were made in the group’s production facilities during the previous year, totaling 263 million euros, the majority of which were directed toward the cables sector. Most of these investments were completed in 2025, while the remainder are expected to be finalized during the first half of 2026, having already strengthened Cenergy Holdings’ production capacity.
U.S. and UK expansion
At the same time, he stressed that the investment in the new U.S. cable plant is progressing according to schedule. The facility is expected to further expand the group’s industrial footprint and long-term growth potential, aiming exclusively to serve the American market, where demand for energy grid upgrade projects remains particularly strong.
According to Benos, “our goal is for Cenergy Holdings to secure its first agreement in the American market during 2026.”
The group’s production capacity will also be enhanced by the SAW pipe manufacturing unit acquired by Cenergy Holdings in March 2026, targeting the needs of projects both in the UK and across the Atlantic.
The acquisition is regarded as a strategic move and a significant milestone in the long-term growth plan of the steel pipes division, increasing production capacity and strengthening the company’s position as a key supplier in the global energy market.
By the end of 2026, the group expects to determine more precisely the performance contribution of the newly acquired UK facility, once the necessary maintenance works are completed, ahead of its full-scale operational launch in early 2027.
It is worth noting that the market responded positively to the investment.
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