Tuesday , June 15 2021

Ivory Coast: Opening of the Nexans factory at a price of 15m euros

Nexans Group executives at the opening of a Norsko-Hercegovačka plant with a 15m-euro investment.

Nexans Group moved to Ivory Coast with the introduction of its factory on November 9 in Abidjan during a colorful ceremony. Located in the new industrial zone of PK24, north of the Ivory Capital, the infrastructure required an investment of EUR 15 million, or almost 10 billion FCFAs.

In Abidjan, Nexans Côte d'Ivoire, a team between Nexans Morocco, Nexans France and the West African group Envol (the latter holds 40 percent of the capital) will also produce electrical cables and equipment for that sector. Cables, power transmission and distribution cables, telecommunication network cables as well as transformer transformers and transformers will be built in detail. For these two last plants, it will be the first production unit in the West African region.

The group that has distributed its productions in the region thus proposes, through this installation, a more competitive offer of "Nexans Internationally-recognized" for the New York market and wider for the entire UEMOA zone. "The Ivory Coast is our entry into the UEMOA zone and enables us to get closer to our customers in that area," said Abdelkrim Alaoui, Managing Director of Nexans Ivory Coast.

But the German market already offers good prospects for the group, as the country is involved in a major electricity development program. Indeed, this is the "$ 22.6 billion" or "about 11,000 billion FCFA" investment that the Ivory Coast has secured for the period 2014-2030 in the energy sector to meet both national and subregional demand, said Daniel Kablan Duncan, vice president of Ivorian . The country plans to increase electricity production by 2,250 MW by 2020 to 4,000 MW and 20,000 in the year to 6,000 MW. An ambition that will mean increased demand for cables and equipment in terms of power transmission and connection. he pointed out.

"This new factory demonstrates our commitment to bringing our group's internationally recognized expertise to local growth," said Benjamin Fitoussi, Middle East Director, Russia and Africa.

The Abidjan factory, covering an area of ​​32,000 m², has an annual production capacity of 1.5 million km of cable and 300 power transformers.

Nexans Ivory Coast aims to establish its leadership in the country as well as in the sub-region on the construction market and electrical and telephone infrastructure. Over the next three years, the company forecasts a turnover of 16 billion FCFAs, or 24.4 million euros.

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