Nexans continues to expand its low-carbon product range, now including low-voltage cables with 10% recycled aluminum content

• Low-voltage cables from Nexans will now have 10% recycled aluminum
• This is a new step in Nexans’ circularity strategy aimed at reducing its own and its customers’ carbon footprints and impacts
• It will manufacture the new cables at its plant in Jeumont and they will reach the entire French network in 2025

Electrification pioneer Nexans is expanding its low-carbon product range in 2025. The low-voltage cables from its plant in Jeumont (northern France) will have 10% recycled aluminum content and contribute to reducing Nexans’ and its customers’ carbon footprints. These new cables will be made exclusively with low-carbon aluminum produced using a decarbonized energy mix, and 10% of the aluminum in them will be recycled.

This is a new step in Nexans’ circularity strategy aimed at reducing its own and its customers’ environmental impacts. Raw material recycling is becoming a central concern as demand for electrification continues to increase, and this breakthrough will contribute to alleviating the risk of pressure on aluminum supplies for the electrical industry.

All the cables from Jeumont for all low-voltage markets—distribution network cables and industrial cables, notably for photovoltaic systems—will include this new feature.

Today’s recycled aluminum is exclusively derived from “1000 series” aluminum, i.e. the purest alloy and the only one that enables electrical cable recycling. Most of this aluminum comes from used cables or off-cuts from Nexans plants.

Nexans has embarked on a journey with its partners to shrink its environmental impact at various stages in the cable production process, which includes sourcing low-carbon aluminum and recycled aluminum to manufacture cables for France’s electricity distribution network.

In 2024, the Group also announced a new €15 million investment plan to modernize its plant in Bourg-en-Bresse (France) in order to produce eco-friendlier medium-voltage cables.

Nexans, moreover, is the only cable manufacturer to run its own second-life operation, CableLoop, a one-of-a-kind facility that recovers and recycles off-cuts. Nexans buys used cables—electrical wire left over from construction projects and obsolete industrial cables—and turns them into valuable resources that can be reused indefinitely, for its partners, customers, suppliers and the rest of the cable industry.

Alongside its partners, Nexans aims to increase the proportion of recycled aluminum in its products. As an active member of the Aluminium Forward 2030 coalition, the Group is working with other industrial players to fast-track the aluminum sector’s transition and build a more sustainable future for it. Our goal is clear: maximize resource efficiency and advance the circular economy. To do that, we use secondary materials—notably recycled aluminum, copper and plastic—where possible and invest constantly in research and development to increase recycled content in our products.

By pledging to achieve net-zero emissions by 2050, Nexans is playing a prominent role in the energy transition. This positive-impact approach also enables its customers to reach their CSR goals.

• Nexans has secured a major framework agreement with RTE for the design, manufacturing, and supply of HVDC cables, which will be used to connect the Centre Manche 1 & 2 and Oléron offshore wind farms to the French transmission network.
• The framework agreement covers the supply of 450 km of high-voltage subsea cables and 280 km of high-voltage onshore cables.
• This is another step in Nexans’ contribution to bringing France closer to its target of 45GW offshore wind capacity by 2050.
• The framework agreement is valued above €1 billion, depending on the final quantities to be agreed upon and the subcontractors to be appointed during the next phase leading to the signature of each EPCI contract.

Nexans, a global leader in the design and manufacturing of cable systems and services, has secured a major framework agreement with RTE (Réseau de Transport d’Electricité), France’s Transmission System Operator. The frame agreement includes the supply, installation, and commissioning of 450 km of high-voltage direct current (HVDC) subsea cables and 280 km of high-voltage direct current (HVDC) onshore cables to support the connection of three offshore wind farms, the Center Manche 1 & 2 and Oléron, to the French transmission network.

The value of the agreement is above €1 billion, depending on the final quantities to be agreed upon and the subcontractors to be appointed during the next phase leading to the signature of each EPCI contract. With this new framework agreement, Nexans continues to play a central role in Europe’s energy transition efforts, supplying high-voltage cables to meet growing demands. The agreement aligns with France’s updated offshore wind targets of achieving 45 GW of capacity by 2050.

As a key player in the global transition to a more connected and sustainable future, the frame agreement also underscores Nexans’ leadership in delivering advanced technology infrastructure for large-scale energy projects. This selection also highlights Nexans continued investment in grid infrastructure, further demonstrating its capacity to execute innovative projects in the field of renewable energy.

Nexans announces a new organizational structure, effective from 17^th January 2025 under the leadership of Christopher Guérin, Chief Executive Officer. This change is designed to accelerate profitable growth, and aligns with the Group’s ambitions outlined during the recent Capital Markets Day.

The new organization positions the Group for the next strategic cycle, and drives innovation in PWR-Grid and PWR-Connect markets. This region-based structure places strong focus on enhanced customer experience and addresses the evolving needs of clients.

The new Executive Committee encompasses 15 executive members. This leadership team aims to better adapt and reflect Nexans’ business, commercial, and industrial priorities.

Detailed composition of the Executive Committee:

CEO Office:
Christopher Guérin, Chief Executive Officer;
Jean-Christophe Juillard, Deputy Chief Executive Officer;
Vincent Dessale, Senior Executive Vice President, Strategic projects and Key accounts.

Business Segment:
PWR-Transmission, led by Pascal Radue, Senior Executive Vice President PWR-Transmission.

PWR-Grid and PWR-Connect Market Divisions (new):
PWR-Grid, led by Elyette Roux, Executive Vice President PWR-Grid & Accessories;
PWR-Connect, led by Christopher Guérin (interim).

PWR-Grid & Connect Regions (new):
Europe, led by Julien Hueber, Executive Managing Director PWR-Grid & Connect Europe;
South America, led by Luis Ernesto Silva, Managing Director PWR-Grid & Connect South America; (new appointment).
Middle East & Africa, led by Atilla Kurtis, Managing Director PWR-Grid & Connect Middle East and Africa; (new appointment).
North America, led by Tim King, Managing Director PWR-Grid & Connect North America; (new appointment).
Asia Pacific, led by Donny Yu, Managing Director PWR-Grid & Connect Asia Pacific. (new appointment).

Group Functions:
Chief Financial Officer, Jean-Christophe Juillard;
Chief Legal Officer and Secretary General, Nino Cusimano;
Chief Human Resources and ESG Officer, Séverine Grosjean;
Chief Operations Officer, Vijay Mahadevan (new appointment);
Chief Strategy, Innovation and Digital Officer, Guillaume Eymery (new appointment).

• Nexans secures new project under TenneT framework agreement
• The project involves the EPCI of 250 km of HVDC XLPE technology cables for the LanWin 2 offshore grid connection system, transmitting 2GW of offshore wind energy from the German North Sea to the mainland
• This 1 billion euros project strengthens Nexans’ position as a key player in the European offshore wind market.

Nexans, a global leader in the design and manufacturing of cable systems and services, has secured the project agreement for LanWin 2, valued at 1 billion euros, under the TenneT frame agreement awarded in May 2023.

This project involves the Engineering, Procurement, Construction, and Installation (EPCI) of 250 km of 525 kV High-Voltage Direct Current, Cross-Linked Polyethylene (HVDC, XLPE) onshore and offshore export cable systems. The project is part of the development of TenneT’s 2 GW offshore grid connection program in the German North Sea. Commissioning of the project is expected in 2030.

This project highlights Nexans’s ongoing partnership with TenneT, following the BalWin3 and LanWin4 projects announced in March 2024, to develop the infrastructure essential to support Germany and Europe’s renewable energy future.

Nexans announces today the completion of the sale of AmerCable, a leading manufacturer of electrical power, control and instrumentation cables for harsh environments, to Mattr, for an enterprise value of US$280 million.

The divestiture aligns with Nexans’ long-term strategy and allows the Group to sharpen its focus on its core Electrification business.