NKT to enter joint venture on Taiwanese cable plant

The Danish cable maker intends to leverage its technical knowhow in the Taiwanese market, which is set to boom in coming years.

BY MARKETWIRE, TRANSLATED BY CHRISTOFFER ØSTERGAARD

NKT plans to sign a joint venture agreement with Taiwanese cable company Walsin Lihwa regarding technical knowhow on the construction of the first offshore cable factory in Taiwan, the Danish cable maker writes in a stock exchange release Friday morning.

”The factory will produce high- and medium-voltage AC offshore power cables mainly for the Taiwanese offshore wind market. This is expected to grow rapidly in the next decade to drive the green transition of the country,” writes NKT.

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NKT reports best annual result in five years
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NKT developing new low-voltage cable

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