Nexans signs two memorandums of understanding with the Moroccan government for a new cable plant in Morocco
15 December 2023 - 12:15AM
Nexans signs two memorandums of understanding with the Moroccan
government for a new cable plant in Morocco
Nexans signs two memorandums of understanding with the
Moroccan government for a new cable plant in Morocco
PRESS RELEASE
- Two agreements have been
signed with Morocco’s Ministry of Industry and Trade, Ministry of
Energy Transition and Sustainable Development, Ministry of
Investment, Convergence and Evaluation of Public Policies, National
Office of Electricity and Drinking Water (ONEE), and Moroccan
Investment and Export Development Agency (AMDIE) to build a new
medium-voltage cable plant in the country involving a total
investment of €100 million, by 2026.
- With the goal of supporting
the energy transition in Morocco and Africa, the project is
expected to create more than 200 direct jobs.
Rabat, December
14th, 2023: Nexans and
the Moroccan Ministry of Industry and Trade, Ministry of Energy
Transition and Sustainable Development, Ministry of Investment,
Convergence and Evaluation of Public Policies, the National Office
of Electricity and Drinking Water (ONEE) and the Moroccan
Investment and Export Development Agency (AMDIE), signed two
agreements involving a €100 million
as a total investment plan to build the company’s
third plant for medium-voltage cable in Morocco by 2026, in
addition to its facilities in Casablanca and Mohammedia.
Strengthening Nexans’ commitment to the energy
transition in Morocco and across Africa, the project is expected to
create more than 200 direct jobs and will benefit
from the backing of the Moroccan Ministries, the ONEE and the
AMDIE. Moreover, it will meet the Group’s standards of excellence,
in line with its Industry 4.0 digitalization and sustainability
goals, and will deliver cables to Africa.
This project is aligned with the High
Instructions of His Majesty, King Mohammed VI. Currently a
leader in the region and across Africa in the deployment of
renewable energy infrastructure, Morocco aims to consolidate the
entire industrial ecosystem in the years to come. Through this
transformative project, Morocco and Nexans are working together to
strengthen the development of the renewable energy industry value
chain in the Kingdom and to promote technical advancement in the
local industrial fabric.
Christopher Guérin, CEO of
Nexans: “Once again, I commend Morocco’s outstanding
leadership in bringing the benefits of sustainable electrification
to all. I am delighted with this new phase in our relations, which
boosts our presence in the country, where we have been operating
for more than 75 years, alongside our plants in Mohammedia and
Casablanca. This project, bringing together public and private
players, sets out to achieve, from the very start, ecological and
human commitments, thereby unlocking significant economic potential
for all of Africa.”
Selma Alami, Nexans Managing Director
for North and West Africa: “This project is central to the
key directives of the roadmap issued on High Instructions of His
Majesty King Mohammed VI, may God assist Him, which were
reiterated last March. I would like to express my praise for the
support of the Ministries, which made this agreement possible. We
are proud to strengthen our presence in Morocco.”
About Nexans
For over a century, Nexans has played a crucial
role in the electrification of the planet and is committed to
electrifying the future. With approximately 28,000 people in 42
countries, the Group is paving the way to a new world of safe,
sustainable and decarbonized electricity that is accessible
to everyone. In 2022, Nexans generated 6.7 billion euros in
standard sales. The Group is a leader in the design and
manufacturing of cable systems and services across four main
business areas: Power Generation & Transmission, Distribution,
Usage and Industry & Solutions. Nexans was the first company in
its industry to create a Foundation supporting sustainable
initiatives, bringing access to energy to disadvantaged communities
worldwide. The Group is recognized on the CDP Climate Change A List
as a global leader on climate action and has committed to Net-Zero
emissions by 2050 aligned with the Science Based Targets initiative
(SBTi).
Nexans. Electrify the future.
Nexans is listed on Euronext Paris, compartment
A. For more information, please visit
www.nexans.com
About Nexans Morocco
A subsidiary of the Nexans Group since 1947,
Nexans Morocco is recognised on the Moroccan market as a leader in
the electrical equipment sector. Nexans Morocco is also very active
in the Maghreb and African market.Operating in the infrastructure,
industry and building markets, Nexans Morocco combines know-how and
expertise in various fields, allowing it to offer a wide range of
diversified products and turnkey solutions.Nexans Morocco has two
production plants:
- the Casablanca plant, which
includes unit of medium voltage cells, prefabricated substations
and transformers.
- the Mohammedia plant, which is
totally dedicated to electrical cables (power cables, building
cables, telecommunication cables and aeronautic cables).
https://www.nexans.ma/fr/
Contacts:
Communication Emmanuel
Guinotemmanuel.guinot@nexans.com |
Investor relations Elodie
Robbe-Mouillotelodie.robbe-mouillot@nexans.com |
|
Ilham DahouTel.: +212 (0)6 11 29 72
91ilham.dahou@nexans.com |
|
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- Nexans signs two memorandums of understanding with the Moroccan
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