Nexans: new contract in the Middle-East
Noskab calls in Nexans to supply power cable for the development of the Saudi Kayan industrial complex
Paris, October 6, 2009 – Nexans, the worldwide leader in the cable industry, will provide power cables, for a global amount of 2 million Euros, to the Saudi Kayan Petrochemical Company. The cables supplied by the distributor, Noskab, will be manufactured by Nexans plant in Turkey and should be delivered in the fourth quarter of 2009.
Nexans will supply a range of low voltage (LV), medium voltage (MV) and instrumentation cables to The Saudi Kayan Petrochemical Company for the construction of the Saudi Kayan industrial complex, located at Jubail Industrial City.
“Noskab is a key distributor for Nexans in the oil and gas sector and we’re pleased to support them as they supply cable to The Saudi Kayan Petrochemical Company”, says Dr. Bedorf, Executive Vice President Middle East Russia Africa Area (MERA), Nexans. “We’re proud of our relationship and believe it’s a result of Nexans’ supplying Noskab with superior quality products, excellent customer service and on-time deliveries”.
After construction of the The Saudi Kayan industrial complex is completed it is expected the annual production capacity will exceed 4 million metric tons of petrochemical and chemical products, and that it will also allow the Saudi marketplace to produce specialized chemicals never before produced in Saudi Arabia.
A key regional market
Nexans has always been active across the Middle East region in oil and gas and infrastructure markets. Once again, today’s contract illustrates the ever-growing presence of Nexans in the region. Actually, the Group has been supplying medium and high voltage cable for big utilities in Qatar, Dubai and Abu Dhabi, and have been involved in major O&G projects with local and international operators, for years.
It is estimated that these markets will have a 7% to 8 % increase from 2011 as the governments have pledged to continue providing funds to infrastructure projects despite the current economic crisis.
With energy as the basis of its development, Nexans, the worldwide leader in the cable industry, offers an extensive range of cables and cabling systems. The Group is a global player in the infrastructure, industry, building and Local Area Network markets. Nexans addresses a series of market segments from energy, transport and telecom networks to shipbuilding, oil and gas, nuclear power, automotive, electronics, aeronautics, handling and automation. With an industrial presence in 39 countries and commercial activities worldwide, Nexans employs 22,400 people and had sales in 2008 of 6.8 billion euros. Nexans is listed on NYSE Euronext Paris, compartment A. More information on www.nexans.com