NKT lays plans to conquer the US from Scandinavia

The Danish cable manufacturer's big investment in expanding its German and Swedish factories is also taking place with a view to setting up production beyond Europe, including the US, where the first offshore wind farm set to use HVDC lines is being planned.

NKT's large cable installation vessel, Victoria, will be able to lay interconnectors in the US without violating the Jones Act due to the ship not calling at any US port. | Photo: NKT

by MAZ PLECHINGER

NKT's performance is better now than it has been a for while. Even so, the Danish cable manufacturer still has idle production capacity at its factories and could execute further orders this year, but several things do indicate that the company is moving toward a brighter period.

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NKT makes first-quarter profit from cable business as Photonics still lags
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NKT plans to invest more than EUR 150m in high-voltage cable production
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NKT lays off staff in Denmark
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