CORPORATE NEWS:
Nexans to open first plant in Russia
Nexans is building its first plant in Russia in Uglich, in the Yaroslavl region, 200km east of Moscow. Coming just a few months after opening its third plant in China (in Shanghai), Nexans is obviously vigorously pursuing its growth strategy in fast-developing markets. This facility will specialise in the manufacturing of power and telecommunications cables. It will allow Nexans to get closer to its customers, thereby strengthening the company’s self-declared position as “the leading foreign supplier of cables in the local Russian market”. Expected to be in operation from the end of the year, the plant will employ about
200 people and cover approximately 12,000m2.
“With an annual growth rate in excess of 7%, the Russian cable market is rapidly expanding, as demonstrated by major infrastructure projects for both power and telecommunications networks, industrial facility upgrade programmes and the building market growth. With this new plant, we have made the resolute choice to get closer to our customers and to offer them high value-added products and custom services,” said Bruno Thomas, a regional executive vice president for Nexans.
Nexans has been operating in the Russian market for more than a decade and has been involved in large-scale projects there. During the last few years Nexans’ cables have been installed at the Zhiguli hydropower plant, on the offshore oil platform of Prirazlomnoe,
at the Baikonur space launch pad and even on the Kremlin roof (heating cables).
In 2004, Nexans generated sales of €25m ($30.2m) in Russia.
Company: |
Nexans |
Country: |
France |
Fax: |
+33 1 56 69 84 84 |
Email: |
|
Website: |
www.nexans.com |