Leading cablemaking company Nexans has announced its intention to build a plant for the manufacture of underground extra high voltage (200 kV+) cables, with a possible extension to submarine HV activities, in the United States. Nexans is investing in the new plant to capitalise on the significant investments expected in EHV cables in North America in the coming years.
The total investment is expected to be approximately US$80 million. The plant is scheduled to begin operation in the summer of 2013.
The new plant will reinforce Nexans’ current product range in North America, adding to the existing medium voltage, low voltage, overhead transmission, industrial and LAN portfolios. In 2010, North America represented more than 10% of the Group’s total sales.
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