Nexans to close a cable factory in the US

Nexans has announced that its US' subsidiary based in Elm City, North Carolina has decided to close its cable factory focused on the production of defense wires and cables.

The decision has been taken in response to both a lack of profitability for the factory combined with the generally unfavourable mid to long-term prospects for the defense cable market in the region. Employees at the Elm City factory have been notified of the closure and production will cease on June 30 2016. The Nexans Group will continue to service the aerospace and defense cable markets from its existing factories in other locations

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