wiredInUSA November 2016

New plant for Ivory Coast

Saudi grid expansion

Nexans Morocco is to invest around $13 million to establish a wire production plant near Abidjan, Côte d’Ivoire. The 30,000m 2 plant will be in operation by 2018 to produce electricwire for residential constructions and office buildings, as well as low and medium voltage cables, electric stations and transformers. Nexans Morocco will work in partnership with the West African industrial Envol Group. Nexans will hold 60 percent of the joint venture. The operation permit was granted to Nexans following a presentation of the project to the Ivorian authorities. “In West Africa, the most promising market is Côte d’Ivoire, which accounts for 40 percent of GDP with the average growth rate put at 9 percent yearly,” a Nexans Morocco spokesperson said. Nexans Morocco has been a subsidiary of Nexans group since 1947, and is active not only in Morocco but in the Maghreb and African market in infrastructure, industry and building sectors. The company has two production plants, in Casablanca and Mohammedia. The Mohammedia facility is solely involved with electrical cables.

LS Cable & System has announced two orders, worth $67 million, to supply extra-high voltage cables to Saudi Arabia. Saudi Electricity Company will use the cable to expand the power grid in Riyadh and Jeddah. The Korean cable company signed the contracts with the EPC company conducting the project. LS Cable & System has previously supplied submarine cables and underground power cables to Saudi Arabia with a capacity of over 380kV “With increasing urban population and new town development, we have made utmost efforts for marketing in the Middle East as we expect that the region would expand investments in power grid in the future,” said Yoon Jae-in, LS Cable president.

ASIA / AFRICA NEWS

wiredInUSA - November 2016

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