This growth was realized in the product segments high voltage and submarine, low voltage and automotive whereas sales were stabilizing in medium voltage and the railway segment.
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NKT Cables Announces Growth in Q3 2010 - 0 views
ABB to divest cable business to NKT Cables - 2 views
nkt cables to acquire Ericsson's power cable operations - 0 views
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Ericsson’s Energy Business realised a revenue in market prices of approx. 1.3 bnDKK in 2012, and the company is a leading supplier of medium voltage products to the Nordic utility groups. In addition, Ericsson's Energy Business is an important supplier of low voltage products to the wholesalers and installers in Sweden, and a significant portion of revenue also comes from innovative specialty power cables.
Europe - Nexans, NKT and Goldman Sachs to defend themselves against price fixing allega... - 0 views
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Nexans SA, NKT Holdings and Goldman Sachs Group Inc., a previous owner of Prysmian SpA, are due to attend a hearing on 11-18th June 2012 as part of the European Commission's (EC) probe into an alleged underground and submarine high voltage power cable cartel. The EC received official complaints about 12 companies in July 2011. The maximum fine for colluding to fix prices is 10% of yearly sales revenue.
The world's largest submarine cable - 0 views
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nkt cables has engineered, developed, manufactured, installed and commissioned a 245 kV 3 core high voltage submarine cable. With a diameter of 270 mm it is the largest submarine cable in the world. The cable route is approx. 24.5 km, connecting the GIS station at Grenaa with the offshore transformer platform at the Anholt offshore wind farm.
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nkt cables has engineered, developed, manufactured, installed and commissioned a 245 kV 3 core high voltage submarine cable. With a diameter of 270 mm it is the largest submarine cable in the world. The cable route is approx. 24.5 km, connecting the GIS station at Grenaa with the offshore transformer platform at the Anholt offshore wind farm.
E.U. - The European Commission charges 12 cable-making companies with collusion - 0 views
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It was reported that the European Commission charged twelve companies with collusion for specific practices that they underwent in the submarine, underground power cable and related products sector. Nexans, Prysmian, ABB and NKT all confirmed that they had received a charge sheet from the European competition authorities and will respond following a thorough analysis of the E.U.'s Statement of Objections. The maximum fine applicable is 10% of global revenues. The charges relate to raids which took place over two years ago, however, the legal process was delayed due to the recent disaster in Japan.
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