Nexans signs a strategic investment agreement in France to increase its copper production and recycling capacity across Europe
22 Octobre 2024 - 9:00AM
UK Regulatory
Nexans signs a strategic investment agreement in France to increase
its copper production and recycling capacity across Europe
Nexans signs a strategic investment agreement in France
to increase its copper production and recycling capacity across
Europe
PRESS RELEASE_
- Nexans is to invest over
€90 million in the development of an innovative plant at its Lens
site by 2026.
- Nexans’ strategic supplier
for this investment is Continuus Properzi, a specialist in
continuous casting, rolling and smelting technologies for copper
and aluminum.
- With a production capacity
increased by over 50%, the future Lens plant will be able to
recycle up to 80,000 metric tons of copper per year.
- Nexans is reaffirming its
capacity to plan for any shortages of copper, a metal essential to
global sustainable electrification, while also consolidating its
industrial base in France.
Paris, October 22, 2024 –
Nexans, a global leader in electrification, has announced a major
industrial partnership agreement with Continuus Properzi, a
specialist in continuous casting technologies, to build an
innovative copper production and recycling plant at the Nexans site
in Lens, northern France, for 2026.
Global demand for copper is continuing to
increase and recycling is emerging as a key solution to possible
shortages of this metal, which is essential to electrification.
Nexans is taking steps to address this major challenge with a
project on a unique scale.
This strategic decision is based on the
operational expertise of the Nexans site, founded in 1971 in the
industrial center of Lens, and the technological expertise of
Continuus Properzi, a supplier of complete installations for the
production of ETP (Electrolytic Tough Pitch) and FRHC (Fire Refined
High Conductivity) wire rod. The objective is to continuously
produce wire rod from recycled copper, through a state-of-the-art
refining method using up to 100% of recycled metal, while
optimizing water and energy consumption.
The Lens plant is the only copper rod foundry in
France. With this investment of over €90 million, it will increase
its wire rod production capacity by over 50%, and boost its copper
scrap recycling capacity to manage up to 80,000 metric tons per
year. Nexans is already actively involved in cable recycling
through Recycâbles, a joint venture set up with Suez in 2008. With
this new initiative, the Group has become a key player in the
circular economy of the European copper industry. Implemented for
the first time in France, this process will help to create a
circular model by collecting waste from different sectors of
industry across France and reusing it virtuously for new finished
products.
As the leading global player in this sector with
its own copper foundries1, Nexans is vertically
integrated. The Group is entirely self-sufficient in terms of the
copper supplies required for its entire cable production value
chain. This key strategic advantage will be consolidated by the new
plant, which will allow the Group to recycle more cables from
construction sites or “urban mines”.
Nexans' ambition is to adapt the life cycle of
its products, reducing their carbon content, while also decreasing
the carbon footprint of the cable industry as a whole. This
investment is also part of the Group’s efforts to raise the
proportion of recycled copper in its cables to 30% by 2030.
The new site further consolidates Nexans’
presence in Lens, increasing the number of jobs while creating a
new working environment for staff. This project is part of France
2030, the investment plan for France. It is also in line with the
company’s E3 performance model, bringing together Economic
performance, the Environment and employee Engagement.
Christopher Guérin, CEO of Nexans said:
“Recycling preserves biodiversity. By choosing to increase its
recycling capacity, Nexans is proving that it is possible to
reconcile industrial performance with the preservation of
biodiversity. Through this investment in its historic Lens plant,
Nexans is ensuring its strategic independence and staying ahead of
the raw materials crisis, serving its customers and partners. By
supporting employment and investment at our metallurgical site, we
are also proving that an innovative industry can be a local
industry. I am particularly proud of this partnership, which
strengthens our supply chain and enables us to better anticipate a
fundamental trend for the Group and our customers, where today's
waste will become tomorrow's growth.”
Giulio Properzi, President of
Continuus-Properzi, adds: ‘I feel extremely proud to have
signed this strategic agreement with Nexans, a highly prestigious
name in cable manufacturing. Our collaboration is based on the
recycling of copper scrap, a subject we have been working on for
many years, dating back to the pioneering days when my father first
developed the technology for the continuous casting of copper rod.
In compliance with the exacting requirements of Nexans engineering
and the Lens site in particular, we have configured an installation
that will meet the highest standards in years to come in terms of
industrial performance, energy savings and environmental footprint.
It gives me immense satisfaction to witness the beginnings of such
a fundamental project. For me, it is the crowning achievement of a
personal journey that began over fifty years ago and whose purpose
has always been to improve the technology used in wire rod
production, this being the first step in the industrial value chain
of all power cables."
About Nexans
For over a century, Nexans has played a crucial
role in the electrification of the planet. Today, it is committed
to electrifying the future. With approximately 28,500 people in 41
countries, the Group is paving the way towards a new world of safe,
sustainable and decarbonized electricity, accessible to everyone.
In 2023, Nexans generated 6.5 billion euros in standard sales. The
Group is a leader in the design and manufacture of cable systems
and services across four main business areas: Power Generation
& Transmission, Distribution, Usage and Industry &
Solutions. Nexans was the first player in its industry to set up 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, see our website
www.nexans.com
Contacts:
Communications
Mael Evin (Havas Paris)
Tel: +33 (0)6 44 12 14 91
nexans_h@havas.com
Emmanuel Guinot
emmanuel.guinot@nexans.com
Emmanuelle Guy
emmanuelle.guy@nexans.com |
Investor
Relations
Elodie Robbe-Mouillot
Tel.: +33 (0)1 78 15 03 87
elodie.robbe-mouillot@nexans.com |
1 Cathodes and copper scrap are processed at four foundries, in
France (Lens site), Canada, Peru and Chile.
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