7 July, 2011

Nexans has announced its intention to build a plant for the manufacture of underground Extra High Voltage (EHV) cables (which operate at voltages greater than 200 kV) and possible extension to submarine HV activities, in the United States. Nexans is investing in the new plant to capitalize on the significant investments expected in EHV cables in North America in the coming years.

The total investment is expected to be approximately USD 80 million. The plant is expected to begin operation in the summer of 2013.

“The ever increasing demand for electricity from consumers and industry is driving ambitious plans for the development of major power infrastructure projects in North America. For effective and efficient transmission of electrical power, with minimum losses, these new schemes need to operate at EHV levels. So by establishing this new plant Nexans will be ideally positioned to support these projects with high quality EHV cables designed and manufactured to meet specific local market conditions,” says Frédéric Vincent, Nexans’ Chairman and CEO. “This new investment also represents a significant step forward in increasing our footprint in North America and demonstrates our long-term commitment to this key market.”