Nexans wins a contract worth 52 million euros for the supply of high-voltage power cables to Kuwait
Paris, April 24, 2002 - Nexans, the worldwide leader in the cable industry, has just won a new 52 million euros contract in Kuwait for the supply and turnkey installation of several 300kV high voltage power cable connections in Kuwait City, between the Salmieh X substation and six other peripheral substations.
Nexans' teams of High Voltage specialists based in Kuwait, Norway, France and Switzerland will carry out the installation work, which must be completed in 22 months.
"We are pleased to have been awarded, our second large contract with the Kuwait Ministry of Electricity and Water this year, thus confirming our forefront position in Kuwait's electrical power installations", stated Yvon Raak, President of Nexans� Energy Division.
Nexans is the worldwide leader in the cable industry. The Group brings an extensive range of advanced copper and optical fiber cable solutions to the infrastructure, industry and building markets. Nexans cables and systems can be found in every area of people's lives, from telecommunications and energy networks, to aeronautics, aerospace, automobile, railways, building, petrochemical, medical applications, etc. With an industrial presence in 28 countries and commercial activities in 65 countries, Nexans employs 17,500 people and had sales in 2001 of euros 4.8 billion. Nexans is listed on the Paris stock exchange. More information on www.nexans.com