Nexans announces new US High Voltage cable manufacturing plant to be located in Berkeley County, South Carolina
New plant at the Bushy Park Industrial Complex in Berkeley County, will reinforce Nexans’ current position in the fast growing High Voltage market as well as extending its presence in North America
Nexans, a worldwide leading expert in the cable industry, announced today that its new High Voltage Power cable manufacturing plant will be located in Berkeley County, South Carolina.
With an initial investment of $85 million USD, the facility will manufacture high voltage power cables. The plant will begin operation in 2014 and is expected to create up to 200 new jobs.
The Nexans manufacturing facility will be built on a new site in Berkeley County. In its initial phase, it will focus on the manufacture of underground land cables up to Extra High Voltage cables of 500 kV.
“Establishing our Berkeley plant is a key strategic development that will enable Nexans to capitalize on the ever growing demand for high quality HV cables designed and manufactured to meet the specific needs of the major power transmission infrastructure projects in North America and worldwide in the coming years,”’ said Dirk Steinbrink, Executive Vice President, High Voltage & Underwater Cables Business Group, Nexans.
“It’s exciting to see another international company choose to locate new operations in South Carolina. We celebrate the company’s $85 million investment and the creation of 200 new jobs. More and more companies around the globe are learning that South Carolina is the place to do business,” said Gov. Nikki Haley.
Steve Hall, Executive Vice President, North America and South America Areas, Nexans, said, “We identified Berkeley County as the ideal location on the East Coast because it provides easy access to a population of 110 million and offers ready access to navigable waters. We were attracted to South Carolina by its pro-business reputation and competitive Enterprise package. Additionally, the Bushy Park Industrial Complex in Berkeley County provides the perfect, large greenfield site with possible access to a shipping channel. Finally, we have the added advantage of excellent technical schools, South Carolina’s training program, and a skilled local labor pool.”
The Berkeley County plant will reinforce Nexans’ current product range in North America, adding to the existing medium voltage, low voltage, overhead transmission, industrial, building wire, electrical wire and LAN portfolios. In 2011, North America represented more than 11% of the Group’s total sales with over 1300 people employed in seven production facilities: four in the U.S. and three in Canada.
With energy as the basis of its development, Nexans, worldwide 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 24,500 people and had sales in 2011 of 7 billion euros. Nexans is listed on NYSE Euronext Paris, compartment A. For more information, please consult: www.nexans.com or www.nexans.mobi