Nexans groupe: The latest figures, news and market research on Nexans groupe

Turnover: 8.4 billion EUR (2022)

Country: France

Global cable manufacturer

Nexans completes the acquisition of La Triveneta Cavi, Italy's iconic cable company 11/02/2024

Nexans is a global giant in the manufacture of electrical cables.
Triveneta Cavi, an Italian company specializing in low-voltage cables, is about to be acquired by Nexans.
This acquisition should bring Nexans more than 800 million euros in additional sales.
The deal will add four new sites to Nexans, which already owns three. Triveneta Cavi is present in 30 countries and has 700 employees.
Worldwide demand for fire safety cables is expected to grow by +13% between 2021 and 2030.
French plants account for 27% of the drop in electricity consumption in France.

Nexans strengthens its position in Morocco with a third plant 14/12/2023

Present in Morocco with two plants - one in Casablanca, the other in Mohammedia - the Nexans Group announces the construction of a third production unit by 2026.
An investment of 100 million euros
The future plant will develop the production of medium-voltage power cables. Over 200 direct jobs will be created.

Nexans invests in a third cable ship 28/08/2023

Nexans has announced a new cable-laying vessel for 2026 with a capacity of 13,500 tons.
The vessel will be capable of laying four cables simultaneously.
Nexans has signed a contract worth 1.7 billion euros, the largest in its history, with TenneT
The offshore wind market is expected to represent a cable demand of 4 billion euros per year from 2023-2024.
Nexans has been awarded a 1.43 billion euros contract for the EuroAsia Interconnector project.

Europe goes on the offensive against Chinese fiber optics 13/06/2023

Anti-dumping duties on Chinese fiber optics manufacturers are set to rise from 14.6%-33.7% to over 60% this autumn.
In 2019, massive imports of Chinese optical fiber had led to the temporary halt of production in several European factories.
Despite taxes, the price of Chinese optical fiber continued to fall.
Energy consumption is seven times more expensive for European fiber optic players than for the rest of the world.
Europe is currently 55% covered by fiber optics, while Portugal (91%), Spain (87%) and France (77%) are virtually covered.
Chinese fiber optics giants have bought up cable factories in Spain and Poland to produce locally and avoid customs duties.

Nexans signs a record-breaking offshore wind power contract 05/05/2023

Nexans wins 1.7 billion euros order from Dutch power grid operator Tennet.
Target of connecting 40 gigawatts of new wind power capacity to land in the North Sea by 2030.
Nexans' Italian rival Prysmian signed a 1.8 billion euros contract with Tennet in March.
Nexans wins three lots for the installation of more than 2,160 km of submarine and land cables.
Projects to be carried out sequentially until 2030.
Nexans profit in 2022 up 52% and sales up 11.8% to 8.4 billion euros.

Nexans prepares the future of cable in its new R&D center. 11/07/2022

The group is developing the superconducting cable and the submarine cable for the electricity highways, which carry the power of several nuclear power plants.
Today, the 7-billion-euro group is preparing "the third era of electrification".
Nexans is stepping up the pace of innovation with its new global R&D center inaugurated in Lyon: a 30 million euro investment in the transport and distribution of the electricity of the future.
After equipping Chicago, Nexans is about to install it at the Montparnasse train station: a French first and a world first in the railway world.

Nexans prepares to quintuple the percentage of recycled copper in its cables 13/05/2022

Objective: 30% recycled copper production within four years
By 2030, global demand for the red metal will reach 30 to 35 million tonnes per year, far from current capacity, estimated at 22 million tonnes
The only cable manufacturer with its own metallurgical activity, Nexans has four foundries worldwide: one in France, one in Canada and two in Latin America