7/8/2009

French Nexans transfers production lines to Turkey

Hurriyet – French cable producer Nexans, with an annual turnover of EUR 7 billion, has recently transferred its production lines from Ireland and the UK to Turkey following the additional USD 30 million investment it has made in its Denizli and Tuzla facilities over the past three years. Frederic Vincent, Chairman and CEO of Nexans, said, “We have transferred all existing production lines in Ireland and the UK to our active facilities in Denizli and Tuzla in order to expand energy and data cable production. Thus, we now aim to increase our sales volume by USD 50 million.” Vincent stated that the company grew with acquisitions and mergers after it went public, and added, “We are also interested in Turkish companies.”