Valeo chooses Nexans as strategic supplier
Paris, January 16, 2001 - Valeo has chosen Nexans as its main provider of wire, especially enamel insulated wire. These products are destined for European, Asian and American markets.
� Being part of a panel of 300 main providers at Valeo now confirms that the quality of Nexans products has been recognized by our most demanding clients� said Michel Lemaire,President of the Wire Division at Nexans. He added: �This new contract will encourage us in pursuing our commitments in the development of new products, innovation and improvement in our logistical services as well as in programs for cost reduction.�
Because it has been selected as one of the 300 preferred providers at Valeo, Nexans will automatically be consulted about new projects, with a priority in the selection process when up against competitors with like performance.
Formed from Alcatel Cables and Components, Nexans is a worldwide leader in the cable industry. Nexans product portfolio includes an extensive range of cables and systems. Nexans solutions can be found in every area of people's lives, from telecommunications and energy networks, to aeronautics aerospace, automobile, building, petrochemical and medical applications. Operating in 20 countries, Nexans employs 19,000 people and had sales in 2000 of euros 4.8 billion. More information on www.nexans.com