Nexans inaugurates its plant in Ivory Coast
Abidjan, Ivory Coast, November 9th, 2018 - As part of its development strategy in Africa, and to contribute to the growth of the Economic Community of West African States, Nexans Group inaugurates its plant in Ivory Coast.
As a gateway to the West African sub-region, Ivory Coast is the driving force behind the ECOWAS economy, with continuing growth of cables and electrical transformers markets in recent years. The installation of the Nexans Ivory Coast plant will support the electrification and residential and tertiary construction program in the country.
Built in the new PK 24 industrial zone, the 32,000 m² factory will produce low voltage cables for the residential and tertiary building markets. The entity will also manufacture cables for the electricity distribution network and will be the first plant in the region to produce transformers and prefabricated substations. It will create some 100 direct jobs.
This important investment is the result of a partnership between the Nexans Group through its subsidiary Nexans Morocco and the African industrial group Envol Afrique, which brings its industrial and local logistics expertise.
"We are delighted to inaugurate the Nexans plant in Abidjan, which demonstrates our desire to be closer to our customers," said Abdelkrim Alaoui, CEO of Nexans Ivory Coast. "Through this investment, we will also contribute to the growth of West Africa by bringing our expertise and creating new jobs in the region".
Nexans Ivory Coast will benefit from the Group's technological excellence and know-how built up throughout its history for more than 120 years. With an industrial presence in more than 34 countries in the world, Nexans is also present on the African continent with factories in Morocco, Ghana and Tunisia as well as commercial offices in Algeria, Nigeria and Senegal.