To support the electrification of Europe, the green transition and the increasing demand for power cable solutions for the critical infrastructure, NKT is investing in medium-voltage cable business, including a significant expansion of its factory in Asnaes of Denmark.
Oct 25, 2024
Since 1891, NKT has been producing cables in Denmark. The company is now expanding its involvement at the factory in Asnaes. NKT has cut the first sod for the expansion of its cable factory in Asnaes. The groundbreaking ceremony for the factory expansion was attended by employees, management and a number of invited guests, who arrived to mark the important milestone.
The expansion of the factory involves the expansion of the production facilities, including a new factory hall and new test facilities. NKT expects to hire approximately 100 new employees in connection with the expansion. The expansion of the factory is expected to be completed in 2026.
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Driven by the green transition and the continued electrification of Denmark and the rest of Europe, the market for power cable solutions for the critical infrastructure has grown steadily in recent years and is expected to continue the positive development.
“A robust and expanded electricity grid is essential for the utilization of the increased integration of renewable energy and the continued electrification of society. With our expertise, experience and technology, we are in a good position to continue to be a leading partner when it comes to the safe expansion and renewal of the electricity grid. Our expansion of the factory in Asnaes underlines our ambitions and strengthens our ability to serve our customers in the best possible way,” says Claes Westerlind, CEO of NKT.
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“Even though NKT has grown to be a global company today, our Danish roots are significant. In terms of production, we have a strong foothold in Northern Europe, and our Danish production capacity is an important factor in developing and strengthening our business in medium-voltage cables. We look forward to expanding Danish production and our presence in Asnaes,” says Carlos Fernandez, EVP and head of the Applications business unit covering low and medium voltage cables in NKT.
