BIZCHINA / Overseas Investment
New plant opens in Southwest China's Nanning
(Shanghai Daily )
Updated: 2007-03-23 14:39
Nexans SA, the world's biggest maker of cables and wires, opened its
third wholly-owned production base in China Thursday to tap the country's
growing needs for telecom and electric wires amid its infrastructure
construction.
The plant, in Nanning of the Guangxi Zhuang Autonomous Region, will be
the second-largest production base for communication cables in southern
China that will also host a logistics center, company officials said.
Nexans acquired the Nanning Huasun Cable Company and turned it into its
wholly-owned subsidiary, Nexans (Nanning) Communications Co. The plant,
covering an area of 25,000 square meters, produces telecom copper cables
used in switching, transmission for fixed and mobile networks for both
indoor and outdoor applications.
"Nexans is going to strength its position in China, especially with
industrial specialty cables such as marine cables, nuclear power plant
cables and railway signaling cables," said Douglas Anderson, Nexans Great
China general manager.
Nexans just received an order worth about 35 million euros (46.52 million
U.S. dollars) from Shanghai Power Equipment & Materials Co, which manages
wire purchases for the municipal grid operator. The operator has budgeted
20 billion yuan (2.5 billion dollars) in grid construction and upgrades
this year to improve safety.
Nexans will manufacture and install a 17-kilometer high-voltage
underground power cable circuit to link Shibo and Sanlin substations,
which constitute part of the city's major power transmission artery.
(For more biz stories, please visit Industry Updates)
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