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Nexans - 9M 2025, Powering the future with growth and strategic leadership transition
Globenewswire· 2025-10-23 05:00
9M 2025 financial informationNomination of Julien Hueber as CEO of Nexans in OctoberPowering the future with growth and strategic leadership transition9M 2025: Robust Electrification businesses, up +9.4% organically driving Group organic growth to +5.8%Acquisition of Electro Cables, reinforcing Nexans in PWR-Connect in Canada2025 guidance reiterated High 9M 2025 Group organic growth at +5.8%, including +7.7% organic growth in Q3 2025 Standard sales of €5,331 million in the first nine months of 2025, up +5.8 ...
Nexans signs an agreement to acquire Electro Cables Inc. strenghtening Nexans’ positioning in PWR-Connect in Canada
Globenewswire· 2025-10-23 04:58
Nexans signs an agreement to acquire Electro Cables Inc. strenghtening Nexans’ positioning in PWR-Connect in Canada Electro Cables is a Canadian player in low-voltage cable systems, delivering high-performance and service-focused solutionsStrong strategic complement to Nexans’ Canadian portfolio, offering attractive growth perspectives and a robust profitability profile Paris, October 23, 2025 — Nexans, a leader in the global energy transition, announces the signature of an agreement to acquire 100% of the ...
Nexans - Appointment of Julien Hueber to succeed Christopher Guérin as Chief Executive Officer
Globenewswire· 2025-10-13 06:00
Nexans new leadership: appointment of Julien Hueber to succeed Christopher Guérin as Chief Executive Officer Paris La Défense, October 13th 2025 – Nexans announces that its Board of Directors has resolved to appoint Julien Hueber as the new Chief Executive Officer and to part ways with Christopher Guérin. These decisions will take effect immediately ; Christopher will be available to Julien until October 31st 2025. The Board of Directors wishes to create a new momentum to further optimize performance while ...
Nexans Innovation Summit 2025 Highlights Transmission as the Defining Enabler of Global Electrification
Prnewswire· 2025-10-10 16:21
, /PRNewswire/ --Â Nexans, a global leader in the design and manufacturing of cable systems and energy solutions, today announced the successful conclusion of its 2025 Innovation Summit in Toronto. The event brought together global leaders from energy, policy, finance, and technology to address one of the defining challenges of our time: how to expand and modernize transmission infrastructure to meet surging electricity demand in the era of AI, electrified transport, and digital growth. The Summit, themed " ...
Sumitomo Electric Selects Kinectrics to Complete Commissioning Testing for the A-Nord HVDC Underground Power Transmission Project
Globenewswire· 2025-09-23 06:30
Core Insights - Kinectrics has secured a multi-year contract from Sumitomo Electric Industries to provide commissioning testing services for the A-Nord German Corridor project, which is essential for integrating renewable energy into Germany's power grid [1][2][3] Group 1: Project Overview - The A-Nord project involves the construction of a 525kV DC underground cable system designed to transmit clean energy from the North Sea to North Rhine-Westphalia, with completion expected by 2030 [2] - The project aims to significantly reduce CO2 emissions in Germany by enhancing the integration of renewable energy sources into the national grid [2] Group 2: Company Roles and Responsibilities - Sumitomo Electric is the key technology partner responsible for the design, manufacturing, logistics, installation, and commissioning of approximately 300km of the cable route [3] - Kinectrics will conduct commissioning services, including ACHV commissioning testing on 40km sections of the cable route, utilizing up to 14 mobile Resonant Test Systems equipped with partial discharge measurement technology [3][4] Group 3: Kinectrics' Expertise - Kinectrics boasts the largest independently owned fleet of High Voltage Resonant Test Sets globally and has extensive experience in field partial discharge measurements, having completed testing on over 15,000 km of cables [4] - The company emphasizes the importance of early-stage testing to mitigate late-stage failures and ensure system integrity for commercial operation [5] Group 4: Company Background - Kinectrics is a division of BWX Technologies Inc. and is recognized as a leader in lifecycle management services for the electricity industry, employing over 1,300 experts [6] - Sumitomo Electric, established in 1897, has a long history of innovation across various sectors, including Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial materials [6]
EIB provides €250 million to support R&D and industrial investments by Nexans
Globenewswire· 2025-09-22 06:30
Core Viewpoint - The European Investment Bank (EIB) has provided €250 million in financing to Nexans to support its research, development, and industrial investments from 2024 to 2029, aligning with EU sustainability and innovation goals [2][4][6]. Group 1: Financing Details - The financing consists of two contracts: a €190 million loan guaranteed under the InvestEU programme and a €60 million loan [2][6]. - The funding will enhance Nexans' research and development programs, cable production, and copper recycling capacities, promoting the circular economy [6][7]. Group 2: Strategic Importance - Nexans plays a crucial role in the energy transition, with its power cables essential for electrification and achieving EU decarbonisation targets [3][4]. - The financing supports the REPowerEU programme, which aims to strengthen the EU's energy autonomy [6]. Group 3: Future Projects - Nexans plans to construct a new factory in Lens by 2026, increasing copper wire production by over 50% and recycling up to 80,000 tonnes of copper annually [7]. - Additional investments will strengthen sites in Charleroi, Erembodegem, and Calais to support offshore wind and submarine interconnections [7]. - Capacity expansion at the Bourg-en-Bresse site will address growing electrification demand in France and Western Europe [7]. Group 4: Company Overview - Nexans is a global leader in sustainable electrification, providing advanced cable solutions and services for a low-carbon future [5][9]. - The company operates in 41 countries, employs 28,500 people, and generated €7.1 billion in standard sales in 2024 [9].
NKT has received a “Request Before the Issuing of a Decision” from the Antimonopoly Office of the Slovak Republic
Globenewswire· 2025-08-28 20:09
Company Announcement 28 August 2025Announcement No. 22 NKT has received a “Request Before the Issuing of a Decision” from the Antimonopoly Office of the Slovak Republic NKT A/S (NKT) confirms that its Czech subsidiary, NKT s.r.o. has received a “Request Before the Issuing of a Decision” (Request) from the Antimonopoly Office of the Slovak Republic, relating to an ongoing investigation into alleged anti-competitive practices in the Slovak cable market.In the Request, the Antimonopoly Office alleges that cert ...
智能制造浪潮下,混合伺服电机电缆市场2031年规模预计达1.7亿美元
QYResearch· 2025-08-12 09:39
Core Viewpoint - The hybrid servo motor cable market is projected to grow from $100.95 million in 2024 to $170.15 million by 2031, with a CAGR of 7.70% from 2026 to 2031 [1][4]. Market Overview - The global hybrid servo motor cable market is dominated by major manufacturers such as Lynxeo (Former Nexans Part), LAPP Group, Igus, SAB Bröckskes, and Phoenix Contact, which collectively hold approximately 52% of the market share [4]. - The primary product type is PUR sheathed cables, accounting for about 46.1% of the market [6]. - The main demand source is industrial automation, which represents approximately 69.3% of the market [7]. Industry Trends - **Integration Trend**: The shift towards integrated wiring solutions combining power, feedback, and control signals is gaining traction due to the increasing complexity of traditional wiring methods. This integration simplifies installation and reduces cable usage, particularly in compact or frequently moving equipment like robotic arms and CNC machining centers [11]. - **Performance Indicators**: High flexibility and durability are becoming core performance indicators for hybrid servo cables. Manufacturers are adopting advanced materials to enhance cable longevity and adaptability to dynamic environments [12]. - **Customization Demand**: The diversification of application needs across various industries is driving the demand for customized cable solutions, leading manufacturers to offer tailored services and collaborate with OEMs [13]. - **Standardization and Global Integration**: The push for standardization in cable design is essential for meeting the requirements of international OEMs and system integrators, facilitating easier maintenance and reducing global delivery costs [14]. Current Status - Integrated wiring has become an industry standard, significantly improving space efficiency and installation time in industrial automation [15]. - Hybrid servo cables are widely used in dynamic industrial applications, particularly in sectors like automotive, packaging, semiconductor manufacturing, and material handling [16]. - The use of advanced materials such as tinned copper conductors and PUR sheathing is ensuring compliance with international safety and environmental standards [17]. Future Directions - The future of hybrid cables is leaning towards smart cable integration, potentially incorporating built-in sensors for predictive maintenance, which will be crucial in Industry 4.0 environments [18]. - The trend towards cross-brand standardization and modularity is evident, with manufacturers developing new products that integrate multiple functions into a single durable and flexible cable [19][20].
新股消息 | 沃尔核材拟港股上市 中国证监会要求说明募集资金具体用途以及涉及境外募投项目的
智通财经网· 2025-08-08 11:30
Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for 17 companies, including Wolong Nuclear Materials, regarding their overseas listing applications [1] - Wolong Nuclear Materials submitted its listing application to the Hong Kong Stock Exchange on June 16, 2025, with CITIC Construction Investment International and China Merchants Securities International as joint sponsors [1] - The CSRC has requested Wolong Nuclear Materials to clarify the specific use of raised funds and compliance with foreign investment policies [1] Group 2 - Wolong Nuclear Materials is a leading provider of high-speed data communication and alternative energy power transmission solutions, specializing in the manufacturing and sales of high-speed copper cables [1] - The company's high-speed copper cables have been certified for use in computation servers by several leading global AI companies, ensuring stable and high-quality signal transmission between different GPUs [2] - According to Frost & Sullivan, the company is the second largest high-speed copper cable manufacturer globally and the largest in China, with a global market share of 24.9% based on 2024 revenue [2]
Nexans Statement Regarding the Great Sea Interconnector Project
Globenewswire· 2025-08-01 08:26
Core Insights - Nexans clarifies that all cables manufactured for the Great Sea Interconnector project have been fully paid for, eliminating financial exposure in case of project adjustments [1] - The demand for Nexans' high-voltage direct current (HVDC) cable solutions is strong across various global projects, allowing for the potential redeployment of manufacturing capacity to other initiatives [2] Company Overview - Nexans is a global leader in sustainable electrification, focusing on systems that support the transition to a connected, resilient, and low-carbon future [3] - The company has over 140 years of history and operates through three core businesses: PWR Transmission, PWR Grid, and PWR Connect, emphasizing innovation and industry expertise [4] - Nexans operates in 41 countries with a workforce of 28,500 and reported €7.1 billion in standard sales for 2024, with a commitment to achieving Net-Zero emissions by 2050 [5]