Free press releases distribution network?

Agency / Source: ALSTOM

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Alstom Takes Control of Cabliance by Acquiring Nexans Stake - Alstom and Nexans signed an agreement defining the terms of a new governance for Cabliance, the joint venture set up in Fès, Morocco, with a 50/50 holding - Nexans.com / Alstom.com
Alstom Takes Control of Cabliance by Acquiring Nexans Stake

 

PRZOOM - /newswire/ - Fès, Morocco (Maghreb), 2016/04/13 - Alstom and Nexans signed an agreement defining the terms of a new governance for Cabliance, the joint venture set up in Fès, Morocco, with a 50/50 holding - Nexans.com / Alstom.com. FR0010220475; ALO

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

After a five-year partnership, Alstom has acquired Nexans shares to become the exclusive owner of the company, Cabliance.

Within this joint venture created in 2011 and dedicated to the production of cable bundles for rail applications and electrical switchboxes, Alstom designed sub-assemblies and Nexans managed industrialization and production. The current change will take effect after Nexans, in cooperation with Alstom, has transferred the necessary skills for its Moroccan partners to manage the state-of-the-art technology in the sector. Cabliance currently employs 250 people and generated a turnover of €13.7 million in 2015.

Alstom considers Morocco as a market with strong potential and a gateway between Europe and its new developing markets in sub-Saharan Africa and is delighted with this agreement, which will contribute to the economic and industrial development of the country.

"Acquiring a 100% holding in Cabliance confirms Alstom's intention to continue its business in Morocco on a long-term basis and to remain a fully fledged industrial partner, investing in the strategic business segments of the Moroccan economy" declared Gian-Luca Erbacci, Senior Vice-President of Alstom for the Middle East and Africa.

"Nexans is proud to have contributed to the development of high-level local expertise for its Moroccan partners and the success of Cabliance. Nexans will continue along these lines and diversify its activities, as well as invest in new markets in Morocco and in sub-Saharan Africa," commented Karim Bennis, Managing Director of Nexans Morocco.

Cabliance's performance has been remarkable over its years of activity. After delivering the first Citadis tramway in Casablanca in July 2012 and equipping Morocco’s high-speed train line, Cabliance has acquired an international dimension. Cabliance is now at the heart of a full scale ecosystem, featuring over 22 local suppliers and contributing to Morocco’s reputation around the world.

The turnover of the joint venture has doubled every year since its creation, illustrating its economic success. Its long-term growth is based on a strong corporate culture, dynamic teams and its ability to adapt its industrial resources to demand.

Nexans (nexans.com) will continue with business operations on the energy transmission and distribution markets, and open up more extensively to the development of renewable energies and the industrial market, where the Group can already boast many competitive advantages. Furthermore, Nexans’ Moroccan subsidiary launched a large-scale investment programme in 2015 for the development of instrumentation cables, a new sector, and the deployment of a new industrial subsidiary in Côte d’Ivoire, confirming its position in the Sub-Saharan region.

The partnership between the two companies has enabled the joint venture to supply advanced equipment featuring state-of-the-art technology for many rail markets. The development of high-level local expertise was one of the strategic targets set by Cabliance, and which it is proud to have achieved.

Alstom (alstom.com) will continue on its current route by continuing to focus on avenues of development by co-locating its expertise and promoting the development of its local know-how. Cabliance therefore still aims to continue its development on a strongly buoyant transport market, at both national and international levels.

Contacts: Justine Rohée / Riccardo Pierobon
T: +33(0)1 57 06 18 81 / +213 560146931
E: justine.rohee[.]alstom.com / riccardo.pierobon[.]alstom.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: ALSTOM

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Alstom Takes Control of Cabliance by Acquiring Nexans Stake

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Alstom | Nexans
Contact: Linda Huguet - Alstom Transport 
+33(0)1 57 06 10 42 linda.huguet[.]transport.alstom.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ALSTOM securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From ALSTOM / Company Profile


Read Manufacturing/Robotics Most Recent Related Press Releases:

Beretta Continues Global Celebration of its 490th Anniversary with Unveiling of One-of-a-Kind Shotgun in New York City
LANXESS Virkon S Proven to Kill Highly Pathogenic Avian Influenza Strains
BASF to Offer Tailor-made Product Innovation At European Coatings Show
Nexans to Drive Sustainable Transportation At its Annual Technical Conference
Tripp Lite Introduces A New Series of Pre-assembled 40 Gb to 10 Gb Breakout Fiber Patch Panels
Borealis and Asmidal Sign Memorandum of Understanding to Jointly Evaluate Opportunities for Melamine Production in Algeria
SCHOTT’s New Ultra-Thin Glass is the Thinnest, Toughest, Most Eco-Friendly Glass for Consumer Electronics
Hexagon Manufacturing Intelligence Supplies PTB with Leitz PMM-G
Atlas Copco Completes Acquisition of Chinese Self-pierce Riveting Solutions Business
SCHOTT Introduces Superior X-ray Imaging with SCHOTT’s Fiber Optic Faceplates and BOROFLOAT® Glass

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  NAKIVO, Inc.

Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today