Cable plant to be built in Russia
A
Nexans product story
Edited by the Engineeringtalk editorial team
Oct 3, 2005
Nexans has revealed plans to build its first plant in Russia, which will specialise in manufacturing power and telecommunications cables.
Nexans has revealed plans to build its first plant in Russia.
The plant, which will specialise in manufacturing power and telecommunications cables, will allow Nexans to get closer to its customers, thereby strengthening its position as the leading foreign supplier of cables in the local Russian market place.
Six months after opening its third plant in China (in Shanghai), Nexans pursues its growth strategy on fast-developing markets.
Located in Uglich, a distance of about 200km from Moscow, Nexans' first Russian plant will employ around 200 people.
With a covered surface of approximately 12 000sqm, the facility will be dedicated to the manufacture of power and telecommunications cables.
This plant, which is expected to begin operating at the end of 2006, represents an upfront investment of about euro20 million for Nexans.
"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", said Bruno Thomas, Executive Vice President, Rest of the World Area for Nexans.
"Today, 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".
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