Nexans Takes Full Control of NVC Japan
- Business & Finance
Nexans has said it now owns 100% of NVC, a joint venture company set up together with Japanese cable company Viscas in 2006.
The NVC started production in November 2006 at its submarine high voltage power cable plant of Tokyo Bay in Japan.
According to Vincent Dessale, executive vice president, Submarine High Voltage Cables, the objective of this JV was to boost sales, by adding capacity in Oil Filled and Mass Impregnated Paper Cables.
The JV has delivered projects such as: Hainan I, Cometa, Strait of Belle Isle (SOBI) and Maritim Link.
“The full control of this manufacturing asset will further support Nexans development in addressing the promising perspectives and growing energy submarine market,” said Dirk Steinbrink, senior executive VP, High Voltage and Underwater Cable Business Group.