Nexans, a worldwide leader in the cable industry, will invest a total of $13.7 million to expand its Chester, N.Y., manufacturing facility. The project is expected to retain 155 existing jobs and create 53 new jobs.
Nexans Energy USA Inc., a division of Nexans S.A., Paris, France, has been manufacturing wire and cable products in Chester since 1981. The plant expansion is a part of its strategy to expand its product range, with the addition of THHN, non-metallic and other traditional building wire products.
The expansion is accompanied by the lease of a 185,000 sq. foot warehouse in nearby Newburgh, which Nexans is utilizing as a logistics facility to provide same day service for its selected distributor partners in North America.
"We decided to invest in Chester because it has a productive workforce and an excellent working relationship with the local IBEW union. In addition over half of the population of the United States lives within 1000 miles of Chester, “ said Steve Hall, vice president and general manager for the Energy Division, Nexans North America. “This gives us a natural market for the products that are going to be added as a result of the expansion. With escalating fuel costs and future projections of oil prices, it gives us an advantage over all competitors who are located further away from this market."
In consideration of its commitment to New York State, Nexans Energy USA, Inc is eligible to apply to Empire State Development for a Capital Grant of up to $874,081 to be used as reimbursement for a portion of machinery and equipment costs.
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