Nexans invests for the future
Investing SEK 20 million in a new facility for halogen-free cables
Grimsås. June 21, 2010 – Nexans IKO Sweden AB has decided to enlarge its power cable factory in an investment worth SEK 20 million. The main purpose is to make room for the continuing growth in halogen-free cables.
The SEK 20 million investment will enlarge the surface area by 1,200 sq.m. and install a new production line. The new facility will allow halogen-free cables to be produced more efficiently, and means that the segment can be further developed with new products.
– To protect jobs in Grimsås over the long term, it is essential to be at the forefront of product development and new solutions for the market, says Stefan Olsson, Managing Director at Nexans IKO Sweden in Grimsås. In the installation cable segment, we can see great potential in halogen-free cables.
The big selling point for halogen-free cables is that they are fire retardant. They reduce the risk of injury in fires because the cables do not produce black smoke or dangerous gases, making it easier to evacuate buildings. They also offer significant financial benefits – the fire retardant properties of the cables speed up the process of rebuilding after a fire and shorten downtime for manufacturers for example.
– We think of the planned enlargement as an investment for the future, says Stefan Olsson. It is gratifying that our owners want to invest long term and that they believe in our ability to manage the opportunities presented by the investment.
The new facility will also create opportunities for boosting production capacity, as well as helping to improve the working environment and the workflows in the factory.
Managing Director Stefan Olsson and Production Manager Bengt Tönsgård at the place where the new factory is going to be built.
With energy as the basis of its development, Nexans, worldwide leading expert in the cable industry, offers an extensive range of cables and cabling systems. The Group is a global player in the infrastructure, industry, building and Local Area Network markets. Nexans addresses a series of market segments: from energy, transport and telecom networks to shipbuilding, oil and gas, nuclear power, automotives, electronics, aeronautics, material handling and automation.
Nexans is a responsible industrial company that regards sustainable development as integral to its global and operational strategy. Continuous innovation in products, solutions and services, employee development and engagement, and the introduction of safe industrial processes with limited environmental impact are among the key initiatives that place Nexans at the core of a sustainable future.
With an industrial presence in 40 countries and commercial activities worldwide, Nexans employs 23,700 people and had sales in 2010 of more than 6 billion euros. Nexans is listed on NYSE Euronext Paris, compartment A. For more information, please consult www.nexans.com.
Nexans Sweden, with around 500 employees, is Nexans' Swedish company and an important production facility for Nexans with manufacturing of both power and telecom cables. The company is located in Grimsås in Västergötland in the south of Sweden. It is responsible for Nexans operations in Sweden, Finland and the Baltic states. Additional sales offices are located in Gothenburg, Halmstad, Sandviken, Stockholm, Sundsvall and in Finland.