Nexans now holds 100% of Nippon High Voltage Cable Corporation (NVC)
Tokyo Bay factory supports the Group in addressing the growing demand for submarine high voltage power cables worldwide.
Paris La Défense, July 7, 2017 - Further to an agreement between Nexans and Viscas, shareholders of NVC, the Joint Venture is now a 100% Nexans company.
“Created in 2006, the objective of this JV was to support the development of the Group’s sales, by adding capacity in Oil Filled and Mass Impregnated Paper Cables”, explains Vincent Dessale, Executive Vice President, Submarine High Voltage Cables. “Over the period, it has already delivered major projects: Hainan I, Cometa, Strait of Belle Isle (SOBI) and Maritim Link.”
“The full control of this manufacturing asset will further support Nexans development in addressing the promising perspectives and growing energy submarine market” adds Dirk Steinbrink, Senior Executive Vice President, High Voltage and Underwater Cable Business Group.
As a global leader in advanced cabling and connectivity solutions, Nexans brings energy to life through an extensive range of best-in-class products and innovative services. For over 120 years, innovation has been the company’s hallmark, enabling Nexans to drive a safer, smarter and more efficient future together with its customers. Today, the Nexans Group is committed to facilitating energy transition and supporting the exponential growth of data by empowering its customers in four main business areas: Building & Territories (including utilities, smart grids, emobility), High Voltage & Projects (covering offshore wind farms, submarine interconnections, land high voltage), Telecom & Data (covering data transmission, telecom networks, hyperscale data centers, LAN), and Industry & Solutions (including renewables, transportation, Oil & Gas, automation, and others). Corporate Social Responsibility is a guiding principle of Nexans’ business activities and internal practices. In 2013 Nexans became the first cable provider to create a Foundation supporting sustainable initiatives bringing access to energy to disadvantaged communities worldwide. The Group’s commitment to developing ethical, sustainable and high-quality cables drives its active involvement within several leading industry associations, including Europacable, The National Electrical Manufacturers Association (NEMA), International Cablemakers Federation (ICF) or CIGRE to mention a few. Nexans employs more than 26,000 people with industrial footprint in 34 countries and commercial activities worldwide. In 2017, the Group generated 6.4 billion euros in sales. Nexans is listed on Euronext Paris, compartment A. For more information, please consult: www.nexans.com