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Nexans

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Nexans S.A.
Company typeSociété Anonyme
Euronext:NEX
CAC Mid 60 Component
SBF 120
ISINFR0000044448Edit this on Wikidata
IndustryManufacturing,technology
Founded2000
HeadquartersParis,France,
France
Key people
Christopher Guérin (CEO) Jean Christophe Juillard (DG)
ProductsPower and data cables for building & territories, high voltage, data and telecoms, renewable energy, oil & gas, automation, transport
Revenue€6.4 billion(2017)
€281 million(2017)
€127 million(2017)
Number of employees
>26,000(average, 2017)
Websitenexans
Nexans office inMarkham,Ontario,Canada

Nexans S.A.is a global company in thecableandoptical fibreindustry headquartered inParis,France.[1][2]

The group is active in four main business areas: buildings and territories (construction,localinfrastructure,smart cities/ grids, e-mobility), high voltage and projects (offshore wind farms,subseainterconnections,land high voltage),dataandtelecoms(telecom networks), data transmission,FTTx,LAN cabling,renewable energies,petroleum,railwaysand rolling stock,aeronauticaland automation.[3][4][5]

It is the world's second largest manufacturer of cables afterPrysmian S.p.A.[6]In 2017, the Group had industrial presence within 34 countries with over 26,000 employees and sales of around €6.4 billion.[7]Nexans was founded in the year 2000 as a business unit of the telecommunications firmAlcatelafter its acquisition of a number of companies in the cable sector. It wasspun outand listed on theParis stock exchangethe following year.[8]It is currently listed onEuronext Paris,Compartment A. Nexans will supply and installHVDCcables forEuroAsia Interconnector,the longest and the deepest HVDC subsea cable project ever, with bi-pole cables of 2x900km.[9]

History

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  • 1897 - Foundation of la Société Française des Câbles Électriques, Système Berthoud, Borel et Cie.
  • 1912 - Acquisition of the company byAlcatel.
  • 1917 - The company is renamedCompagnie générale des câbles de Lyon.
  • 1986 - Câbles de Lyon becomes Alcatel Câbles.
  • 1996 - Alcatel Câbles merges withAlcatel.
  • 2000 - Alcatel Câbles and Components become Nexans.
  • 2001 - Nexans is listed onParis Stock Exchange.
  • 2008 - Nexans acquiresMadeco,in the cable industry inSouth America.
  • 2012 - Nexans acquiresAmerCable,an American company specialized in power cables based inEl Dorado, Arkansasfor 275 million dollars. The group also acquires a Chinese company Shandong Yanggu Cable Group.
  • 2019 - Nexans shuts down the Hanover factory - it continues operation into 2020
  • 2020 - Nexans shuts down the Chester NY factory and exits the US building wire market[10]
  • 2021 - a new facility was launched inChina.[11]

References

[edit]
  1. ^"Analysts Are Updating Their Nexans S.A. (EPA:NEX) Estimates After Its Interim Results".simplywall.st.30 July 2021.Retrieved2021-07-31.
  2. ^Ltd, Renews (2021-07-28)."Nexans HV earnings hit by lack of repair contracts".reNEWS - Renewable Energy News.Retrieved2021-07-31.
  3. ^Largue, Pamela (2021-07-30)."Equinor's first offshore floating solar plant to use Nexans cable".Power Engineering International.Retrieved2021-07-31.
  4. ^"Nexans' Cable for World's First Harsh-environment Floating Solar Plant".Offshore Engineer Magazine.2021-07-28.Retrieved2021-07-31.
  5. ^Nexans (2021-07-28)."Nexans: Strong Performance Supports Structural Value Growth".GlobeNewswire News Room(Press release).Retrieved2021-07-31.
  6. ^"Prysmian Group Tops Nexans in the Global Specialty Cable Market in 2011".
  7. ^2017 Registration document,Nexans
  8. ^"Nexans rises on debut".CNN Money.13 June 2001.Retrieved2009-09-13.
  9. ^Nexans inks reservation agreement for EuroAsia Interconnector
  10. ^"75-year-old Chester cable maker to close, nearly 200 to be laid off".
  11. ^Ltd, Renews (2021-07-02)."Nexans opens new cable facility in China".reNEWS - Renewable Energy News.Retrieved2021-07-31.
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