Nexans opens a new aircraft cable manufacturing plant in Morocco as part of its partnership with Airbus
With an investment of nearly 10 million euros, Nexans strengthens its position in the aeronautical industry
Paris, June 17, 2010 – Nexans, the worldwide leader in the cable industry, has opened a new manufacturing plant entirely dedicated to aircraft cables in Mohammedia (Morocco). The plant, which is now in operation, is the result of an agreement signed in 2008 between Nexans and Airbus for the supply of advanced cables for the aircrafts manufactured by Airbus (A320, A350, and A380).
This investment of nearly 10 million euros strengthens Nexans’ aeronautical business as well as the core business of its Moroccan subsidiary, which already has strong expertise in the manufacturing of cables for the automotive, building and infrastructure industries. This is Nexans’ third plant dedicated to aircraft cables, along with similar facilities based in France and the United States.
Nexans has redeveloped the Mohammedia plant to accommodate a production area of 3,000 m² designed to manufacture 21,000 km of cables per year, with 70 percent to be exported. 47 new job positions have been created and 2,300 hours of training have been delivered to newly hired engineers, technicians and operators.
With energy as the basis of its development, Nexans, worldwide leading 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 23,700 people and had sales in 2010 of more than 6 billion euros. Nexans is listed on NYSE Euronext Paris, compartment A. For more information, please consult www.nexans.com.