Nexans sells interest in European winding wire sector
Paris, France – Nexans, the worldwide leader in the cable industry, has announced the sale to Superior Essex of its 40% minority interest in Essex Nexans, a joint venture created in October 2005, which merged Superior Essex and Nexans European winding wires activities.
This operation completes Nexans’ withdrawal from the European winding wire sector.
With energy cables as its core, Nexans, the worldwide leader in the cable industry, offers an extensive range of cables (copper, aluminum and optical fiber) and cabling systems. The Group’s strategy is focused on infrastructure, industrial and building markets. Nexans develops solutions for industry sectors such as shipbuilding, oil and gas, nuclear, automotive, electronics, aeronautics, handling and automation and includes an offering dedicated to public and private (local area) telecommunications networks. With an industrial presence in more than 30 countries and commercial activities worldwide, Nexans employs 21,000 people and had sales in 2006 of 7.5 billion euros. Nexans is listed on the Paris stock exchange, compartment A of the Eurolist of Euronext. More information on www.nexans.com
Additional background information (provided by Infrasite’s Editorial Staff)
Nexans withdraws from the winding wire sector (2007-01-31)