Nexans: new contract in the Middle-East

Noskab calls in Nexans to supply power cable for the development of the Saudi Kayan industrial complex

Paris, October 6, 2009 – Nexans, the worldwide leader in the cable industry, will provide power cables, for a global amount of 2 million Euros, to the Saudi Kayan Petrochemical Company. The cables supplied by the distributor, Noskab, will be manufactured by Nexans plant in Turkey and should be delivered in the fourth quarter of 2009.

Saudi Kayan contract illuNexans will supply a range of low voltage (LV), medium voltage (MV) and instrumentation cables to The Saudi Kayan Petrochemical Company for the construction of the Saudi Kayan industrial complex, located at Jubail Industrial City.

Noskab is a key distributor for Nexans in the oil and gas sector and we’re pleased to support them as they supply cable to The Saudi Kayan Petrochemical Company”, says Dr. Bedorf, Executive Vice President Middle East Russia Africa Area (MERA), Nexans. “We’re proud of our relationship and believe it’s a result of Nexans’ supplying Noskab with superior quality products, excellent customer service and on-time deliveries”.

After construction of the The Saudi Kayan industrial complex is completed it is expected the annual production capacity will exceed 4 million metric tons of petrochemical and chemical products, and that it will also allow the Saudi marketplace to produce specialized chemicals never before produced in Saudi Arabia.

A key regional market

Nexans has always been active across the Middle East region in oil and gas and infrastructure markets. Once again, today’s contract illustrates the ever-growing presence of Nexans in the region. Actually, the Group has been supplying medium and high voltage cable for big utilities in Qatar, Dubai and Abu Dhabi, and have been involved in major O&G projects with local and international operators, for years.

It is estimated that these markets will have a 7% to 8 % increase from 2011 as the governments have pledged to continue providing funds to infrastructure projects despite the current economic crisis.
 

Related Document

Your Contact

Angéline Afanoukoe Press relations
Phone +33 1 78 15 04 67
Angeline.afanoukoe@nexans.com
Michel Gédéon Investor Relations
Phone +33 1 78 15 05 41
Michel.Gedeon@nexans.com

Despre Nexans

Nexans este lider mondial in industria cablurilor. Grupul prezinta o gama extinsa de solutii avansate pe cupru si fibra optica, pentru pietele de infrastuctura, industrie si constructii. Sistemele de cablare si cablurile Nexans se regasesc in orice domeniu, de la retele de telecomunicatii si energie, la aeronautica, aerospatiale, automobile, cai ferate, constructii, petrochimie, medicina, diverse aplicatii etc. Nexans opereaza in 39 tari, are circa 22,800 angajati si a avut in 2007 o cifra de afaceri de 7.4 miliarde de Euro. Nexans este listata la bursa dein Paris. Mai multe informatii puteti gasi pe site-ul www.nexans.com