Press releases 2015

Nexans renews a revolving credit facility worth 600 million euros

12/17/15

On December 14th 2015, Nexans signed a € 600 million Revolving Credit Facility with 11 of its core banks for a period of five years, thereby extending the tenor of the Group’s access to liquidity until 2020.

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Nexans to increase wind power potential in Romania

EnergoBit S.A.’s 30MW Babadag III Wind Farm in Romania will transmit energy to the grid using 140km of Nexans’ high temperature conductor cables and accessories.

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Antitrust investigation update

11/3/15

Paris, November 3, 2015 - Nexans announces that the investigation by the United States Department of Justice Antitrust Division into the submarine and underground power cable industry, previously disclosed by Nexans, has been closed without prosecution or sanction against any Nexans group company.

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Norwegian Escape by Meyer Werft sets sail with Nexans SHIPLINK® cables on board

Norwegian Escape, a luxury cruise liner built by Meyer Werft in Germany, has just been launched with 2,400 km of Nexans’ power, instrumentation and control cables.

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Nexans sells its Argentinean activities to a local player

11/2/15

Nexans announced today that it has reached a definitive agreement to sell its Argentinean operations and expects to close this transaction by the end of November 2015, subject to customary closing conditions.

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2015 Third-Quarter Financial Information

10/16/15

Today, Nexans announced its sales for the third quarter of 2015.

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Nexans unveils new certified iGigaswitch Series allowing streamlined communications between electrical devices

Nexans has released the world’s first KEMA IEC 61850 certified iGigaswitch Series, compatible across similarly certified components from any manufacturer allowing for smarter and faster interchangeability.

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Nexans to deliver umbilicals to the West Nile Delta Taurus Libra project in Egypt

Nexans has been awarded the contract to deliver 48km of static umbilicals to BP, and partner DEA, for the West Nile Delta Taurus Libra project in Egypt.

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Nexans delivers submarine fibre optic cables to West-Africa

Nigeria and Cameroon are to receive a boost to Internet connectivity after Nexans delivered Repeatered Optical Cables for the Nigeria-Cameroon Submarine Cable System (NCSCSC) in a contract with turnkey contractor, Huawei Marine Networks Co.Ltd.

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Nexans subsea cables will deliver power for the new offshore super complex serving Abu Dhabi’s Nasr oil field

The new super complex at the heart of the future development of the Nasr oil field, offshore from Abu Dhabi in the UAE, will be powered by Nexans’ subsea cables.

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2015 First-Half Results

7/29/15

Paris, July 29, 2015 – The Nexans Board of Directors meeting chaired by Frédéric Vincent on July 28, 2015 approved the Group's condensed consolidated financial statements for the first half of 2015.

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Meyer Werft cruise liners equipped with Nexans SHIPLINK® cables

The Anthem of the Seas, a luxury cruise liners built at the Meyer Werft shipyard in Germany, set sail with Nexans cables on board.

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Statnett’s Inner Oslofjord cable systems to reinforce Norwegian grid with Nexans subsea cables

7/15/15

Two new cable systems will reinforce the electricity grid in central Eastern Norway

Contract is valued at around Euros 50 million and will cover the design, manufacture and installation of XLPE cables

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NSN Link will interconnect Nordic and British energy markets with the world’s longest subsea power link incorporating Nexans’ HVDC cable technology

Power interconnection beneath the North Sea will enable Norway and UK to share up to 1400 MW of green energy from 2021 onwards.
Statnett SF and National Grid has awarded Nexans a contract valued at around Euros 340 million to deliver the subsea cable on the Norwegian side.

 

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Nexans’ XLPE cables to increase security of power supply in Denmark

Nexans will manufacture and supply XLPE submarine and underground cables to connect Danish substations

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Nexans EHV cable to connect Canada’s Grand Bend Wind Farm

New Nexans facility in Charleston, South Carolina, USA will manufacture Extra High Voltage (EHV) cable to enable Ontario Power Authority (OPA) to develop its Feed-In Tariff (FIT) Program for renewable energy sources

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Decision not to issue a bond due to the volatility and the pricing conditions prevailing in the market

5/29/15

Considering the volatility and the pricing conditions prevailing in the market, Nexans has today decided not to proceed with a debt capital markets transaction at this point.

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Not for distribution directly or indirectly in the United States, Canada, Australia or Japan / Bond issue project

5/26/15

Nexans has today launched the process of roadshow meetings with fixed income investors and, subject to market conditions, a bond issue may follow.

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Nexans delivers static subsea umbilical to Statoil’s Snøhvit CO2 injection project

Nexans has delivered one umbilical to the Snøhvit field in Norway as part of a €45 million contract with Statoil

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Mixed Shareholders’ Meeting held on May 5, 2015

5/5/15

Paris, May 5, 2015 – Nexans Mixed Shareholders’, held on May 5, 2015  approved all the twenty-nine resolutions proposed to the shareholders by the Board of Directors.

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Nexans launches its next generation SUTA-FLEX Subsea Umbilical Termination Assembly

Nexans is at OTC 2015 to launch its next generation SUTA-FLEX Subsea Umbilical Termination Assembly.

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2015 First-Quarter Financial Information

4/28/15

Today, Nexans announced first-quarter 2015 sales of 1,601 million euros at current metal prices (versus 1,560 million euros in the first three months of 2014). At constant metal prices, first quarter sales came in at 1,172 million euros, representing year-on-year organic growth of 1.8%.

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Nexans’ temporary site cables reduce disconnecting times

Temporary site cables are custom-made, quick-connectable cables for temporary use in the high-voltage network, for example, during repair work on overhead lines or in transformer stations when converting networks.

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Statoil’s Gullfaks subsea compression station powered by Nexans umbilicals

The Statoil operated Gullfaks gas field in the Norwegian Sea will rely on Nexans’ innovative power umbilicals combining power, fiber-optic and hydraulic lines in a single cross section.

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Nexans’ 2014 Registration Document - Mixed Shareholders’ Meeting of May 5, 2015

3/30/15

The 2014 Registration document has been filed with the AMF on March 27, 2015 - The Mixed Shareholders’ Meeting will be held on Tuesday May 5, 2015.

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Nexans launches online substances tracker to ensure REACh compliance

Nexans’ customers will now get access to up to date regulatory information on Substances of Very High Concern (SVHC) through a new online tool: Nexans Tracker.

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2014 Full-Year Results

2/13/15

Paris, February 13, 2015 – Today, Nexans published its financial statements for the year ended December 31, 2014, as approved on February 12, 2015 by the Board of Directors under the Chairmanship of Frédéric Vincent.

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NordLink HVDC interconnector between Norway and Germany will use Nexans’ subsea power cables

The Norwegian and German power grids will be able to share green energy directly for the first time thanks to Nexans submarine HVDC (high voltage direct current) cables to be installed as part of the NordLink project.

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ENERGINET.DK chooses Nexans aluminium XLPE cables

Denmark’s Kriegers Flak offshore windfarm is to be securely connected to the national grid with Nexans’ 400 kV aluminium XLPE cables.

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Nexans to provide umbilicals for Statoil’s Visund field

Statoil’s Visund oil and gas field is to benefit from standardised fast-track umbilicals developed by Nexans.

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Results of impairment tests of certain assets for the financial year 2014

1/22/15

Recognition of an impairment of € 197 million (with no cash impact)

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