Thursday , March 30 2023

Côte d'Ivoire: Opening the Nexans factory at a cost of 15 million euros


Nexans Group Executive Group at the opening of the Ivorian plant with an investment of € 15 million.

The Nexans group moved to Côte d'Ivoire with the inauguration of its factory on November 9 in Abidjan during a colorful ceremony. Located in the new industrial zone of PK24, north of the island's economic capital, the infrastructure required an investment of 15 million euros, or nearly 10 billion FCFA.

In Abidjan, Nexans Ivory Coast, a team between Nexans Morocco, Nexans France and the African group Envol Envol (which owns 40% of the capital) will produce both electric cables and equipment for this sector. In detail, cables, power transmission and distribution cables, telecommunication network cables as well as prefabricated stations and transformers will be built. For these two facilities, this will be the first production unit in the West African region.

The group that distributes its productions in the region counts through this facility to offer a more competitive "internationally recognized Nexans standard" for the Côte d 'Ivoire market and beyond for the entire UEMOA area. "Côte d 'Ivoire is our entry point in the UEMOA area and allows us to get closer to our customers in the area," said Abdelkrim Alaoui, general manager of Nexans' Ivory Coast.

But the Ivorian market already offers good prospects for the group because the country is engaged in a major electricity development program. Indeed, it is "$ 22.6 billion" or "about $ 11 billion FCFA investment" that Côte d 'Ivoire foresees for the 2014-2030 period in the energy sector to meet both national and sub-regional demand, said Daniel Kablan Duncan, Vice-President of the Republic of Ivory Coast. The country intends to increase its electricity production from 2,250 MW to 4,000 MW in 2020 and 6,000 MW in 2030. An ambition that will involve an increase in the demand for cables and equipment in terms of energy transmission and electricity connection. households, he stressed.

"This new factory is proof of our commitment to bring internationally recognized expertise to our local growth," said Benjamin Fitoussi, Middle East Director, Russia and Africa.

The Abidjan plant, with an area of ​​32,000 m², has an annual production capacity of 1.5 million km of cables and 300 electric transformers.

Nexans Côte d'Ivoire aims to establish its leadership both in the country and in the subregion of the construction market and the electrical and telephone infrastructure. Over the next three years, the company expects a turnover of 16 billion FCFA, or 24.4 million euros.

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