Offshore wind cable maker Nexans says it might turn US plant into export hub

Nexans SA

13/11/2024 12:45

Nov 13 (Reuters) - Nexans  NEXS.PA  said on Wednesday it
would turn its U.S. based plant into an export hub if the
offshore wind sector was challenged under Donald Trump's second
stint as president.
    The French power and data cable specialist's plant in
Charleston, South Carolina makes undersea cables used by the
U.S. offshore wind market.
    During its Capital Markets Day event, the company's
management said it could redirect U.S.-made cables to Europe
with little impact on its margins.

 (Reporting by Nathan Vifflin in Gdansk; editing by Milla Nissi)
 ((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))