Nexans: acquires all of NVC's capital.
(CercleFinance.com) - Nexans announced this Friday morning that it will now be the owner of all of NVC's capital, which is a Japanese company that is specialised in high voltage cables.
This follows an agreement between the French cable manufacturer and Viscas, shareholders of the structure.
"Created in 2006, the objective of this JV was to support the development of the Group's sales, by adding capacity in Oil Filled and Mass Impregnated Paper Cables", explains Vincent Dessale, Executive Vice President, Submarine High Voltage Cables. "Over the period, it has already delivered major projects: Hainan I, Cometa, Strait of Belle Isle (SOBI) and Maritim Link."
"The full control of this manufacturing asset will further support Nexans development in addressing the promising perspectives and growing energy submarine market" adds Dirk Steinbrink, Senior Executive Vice President, High Voltage and Underwater Cable Business Group.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
This follows an agreement between the French cable manufacturer and Viscas, shareholders of the structure.
"Created in 2006, the objective of this JV was to support the development of the Group's sales, by adding capacity in Oil Filled and Mass Impregnated Paper Cables", explains Vincent Dessale, Executive Vice President, Submarine High Voltage Cables. "Over the period, it has already delivered major projects: Hainan I, Cometa, Strait of Belle Isle (SOBI) and Maritim Link."
"The full control of this manufacturing asset will further support Nexans development in addressing the promising perspectives and growing energy submarine market" adds Dirk Steinbrink, Senior Executive Vice President, High Voltage and Underwater Cable Business Group.
Copyright (c) 2017 CercleFinance.com. All rights reserved.