Nexans Olex History
Trusted by Australians for over 80 years
The history of Nexans Olex was the catalyst that launched the history of cable manufacturing in Australia. Let us take you back to 1940, when our story began in Footscray. Two great Australian companies, Olympic Consolidated Industries Limited and Nylex Corporation Limited, joined forces after each pioneering the industry to create revolutionary cable products that would change the way industries were powered. Up until that time, Australia had been totally dependent on imported cables.
80 years later, we’re still building the future of electricity. Only now, we’re committed to Australian manufacturing, supporting local communities and families as we continue to deliver high-value, safe and sustainable solutions for our customers.
The first factory opens
Footscray, Victoria, was home to a new factory for a cable making division of Olympic Tyres. 6 years later, Olympic Cables Ltd. was formed as a separate company.
More grounds for cable
Nylex Corporation ventured into cable manufacturing, opening up a cable plant in Lilydale and putting the newly-formed Nylex Cables on the map.
A powerful partnership
As Olympic Cables and Nylex Corporation each gained momentum in their own right, they joined together in July 1973 - and Olex Cables was born.
Dunlop builds a team
Pacific Dunlop purchased Olex Cables alongside Burton Cables, and Spinaway cables two years later. Together, the brands’ unique offerings would complement each other well.
Moving into New Zealand
The organisation acquired Canzac Cables, New Zealand’s second largest cable manufacturer at the time. They entered the NZ market and rebranded as Olex Cables New Zealand.
Introducing National Cables
Until 1994, Burton and Spinaway Cables had continued to trade independently. This year, they were merged by Pacific Dunlop to form National Cables.
A new major buyer
In May 1999, the Management Buyout Consortium (MBO) came into play and purchased the Cables Group business in Australia and New Zealand from Pacific Dunlop.
Nexans Olex as we know it
Following a merge and rebrand to Olex, Nexans bought shares from the MBO Consortium. 6 years later in 2012, the company officially became Nexans Olex.
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