Nexans is committed to a long-term strategy of electrification made possible only through the support of renewable sources of energy. This investment will enable Nexans to fulfill this vision and drive the next electrical revolution forward.
The investment will also include upgrades to the cable manufacturing process, such as a new stranding line, a degassing system specifically designed for HVDC cables, and a new aluminum drawing line to increase our volume of aluminum wire production. While the majority of the investment will be directed at upgrading its manufacturing plant in Charleroi, Nexans’ other facilities will also get a boost, including a new HVDC lab with a hall specifically built for 525 kV HVDC testing at its Calais facility in France, and a new injection press at its power accessories facility in collaboration with teams in Erembodegem, Belgium. The investment will begin in 2025 and run through 2026 when the work is completed.
The Charleroi plant will also connect to the La Sambre channel, which will allow Nexans to reduce transportation CO2 emissions by 85%. The city of Charleroi has already begun a project to establish a multimodal transportation platform in this area.
“We are pleased to announce this new investment reinforcing our position as a leader in the energy transition. The ability to produce land cables up to 525 kV is a game-changing capability that will enable us to drive the transition forward for years to come,” says Pascal Radue, EVP of Nexans’ Generation and Transmission Business Group. “We are looking forward to completing this critical upgrade in our infrastructure to keep pace with the ever-increasing electricity demand globally.”
