on NEXANS (EPA:NEX)
Nexans Secures €600 Million Contract with Enedis to Enhance French Medium-Voltage Network
Nexans has announced a significant €600 million framework agreement with Enedis for the supply of medium-voltage cables in France. This contract aims to modernize and expand the network, assisting with electric vehicle charging infrastructure and renewable energy connections. The agreement spans seven years, from 2026 to 2032, with potential extensions.
The cables will mainly be produced in France, with supplementary capacity from Italy. This initiative aligns with Enedis' priorities involving economic performance, security, and CSR commitments. Nexans is incorporating recycled materials to meet environmental goals, emphasizing low-carbon and circular strategies.
The initiative represents a strategic step in strengthening Nexans' partnership with Enedis, following a previous low-voltage cables contract. The collaboration highlights Nexans' ability to integrate economic, supply, and environmental performance.
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