Nexans opens its first cable plant in Japan

Viscas plant JapanFuttsu (Japan), November 2, 2006 - Nexans, the worldwide leader in the cable industry, held an inauguration ceremony on November 1st, in presence of Gérard Hauser, Chairman and CEO of the Group, and Teruyoshi Tanabe, President of Viscas, for the official start of production at its new submarine high voltage power cable plant of Tokyo Bay in Japan.

This opening ceremony follows the creation of the production joint venture NVC, owned 66 percent by Nexans and 34 percent by Viscas (JV between Furukawa Electric Co., Ltd. and Fujikura Ltd).

The event was attended by approximately a hundred people: the NVC Board of Directors, Nexans’ top management, Viscas’ top management and shareholders, local dignitaries and the Mayor of Futtsu, where the cable plant is located, and managers from other companies based around the NVC site. During this ceremony, Gérard Hauser, Teruyoshi Tanabe and Jean-Luc Canivet, the new Managing Director of NVC, underlined the strategic importance of this new manufacturing facility. “By creating this joint venture and obtaining a new production facility, Nexans confirms its leadership position in the fast-growing submarine high voltage power cables market. The Tokyo Bay plant will actually allow Nexans to increase significantly its cable and service activity in this field.” concluded Gérard Hauser.

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