Nexans

Nexans SA
legal form	SA
ISIN	FR0000044448
founding	1897
Seat	Paris , France
management	Christopher Guérin ; ( CEO and Chairman of the Board)
Number of employees	25,843
sales	6.4 billion euros (2017)
Branch	electric wire
Website	www.nexans.com

Paris- based Nexans is a listed cable manufacturer . Nexans has manufacturing facilities in 34 countries and business operations around the world. The company employs around 26,000 people and achieved sales of around 6.4 billion euros in 2017. Nexans is one of the three largest cable manufacturers in the world.

history

The company was founded in Lyon in 1897 as Société Française des Câbles Électriques, système Berthoud, Borel et Compagnie . In 1912 the Compagnie Générale d'Électricité took over the cable works and renamed it Compagnie Générale des Câbles de Lyon in 1917 . The latter was incorporated into the group as a separate division subsidiary in 1925.

In 1935 and 1936, the shareholders acquired the majority in Deutsche Kabelwerke AG, Berlin , based in Berlin-Friedrichshain . The company thus dominated almost the entire market for cables, bare and insulated wire material and accessories for all electrical engineering.

In 1938, the Compagnie Générale d'Électricité also incorporated the Société Industrielle des Téléphones into its portfolio.

After the war , from the end of the 1960s, the company pursued an expansion strategy and subsequently made a number of acquisitions at home and abroad. The resulting group, which was privatized in 1987, was sold to the French company Alcatel in 1992 and at the same time Alcatel Kabel Beteiligungs-AG was founded as a holding company for kabelmetal electro and Kabel Rheydt and their affiliated companies. The company structure was renamed Nexans AG in 2000 and went public in 2001.

On April 2, 2014, the European Commission fined 11 manufacturers in a cartel for high-voltage energy cables (underground cables and underwater cables) with fines totaling almost 302 million euros. Nexans received a fine of 70.67 million euros.

Nexans Germany

Share over 100 RM in Kabelwerk Rheydt AG from May 1925

At the traditional location in Rheydt and Mönchengladbach , cables have been manufactured since 1884, from February 28, 1898 under the name Kabelwerk Rheydt Aktiengesellschaft .

The long-standing independent companies Kabel Rheydt and Kabelmetal Electro Hannover merged in 1992 and have been operating under the name Nexans since 2000 . In addition to the plants in Mönchengladbach and Hanover , which should be closed at the end of 2019, there are production sites in Nuremberg , Hof , Bramsche , Hürth and Neunburg vorm Wald as well as various subsidiaries. Nexans Power Accessories GmbH, based in Hof, is a merger of GPH GmbH and Euromold GmbH. In 2019 it was reported that further positions in the German branches are to be deleted, combined with a relocation of the company headquarters.

Nexans Switzerland

Founded in 1879, Câbles Cortaillod was bought by Alcatel in 1997 and is the most important company in Cortaillod in the 21st century as Nexans Suisse SA .