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Paris, Ile-de-France, France, 2014/09/24 - SBB signs five-year framework agreement with Nexans for signalling and balise cables for upgrades to Swiss rail network. Euronext Paris: NEX
Swiss rail network operator SBB has signed a five-year framework agreement with Nexans for the supply of signalling and balise cables, as it prepares significant upgrades to cabling infrastructure across its rail network. The agreement is worth €35 million in total.
Swiss railway operator SBB chooses Nexans cables for infrastructure upgradeAs part of the agreement Nexans will provide over 7,000km of specialised rail cables used to power signalling and balise (electronic beacon and transponder) applications. The deal is a continuation of the long working relationship between the two companies, which started over 100 years ago when Nexans provided cable for the Simplon rail tunnel that connects Switzerland and Italy through the Alps.
Francis Krähenbühl, CEO Nexans Switzerland, commented,“After a successful 2013 in which Nexans fulfilled several large orders for SBB, we are pleased to announce this new framework agreement between the two companies. It is a reaffirmation of the long and fruitful working relationship between SBB and Nexans and we look forward to contributing to the network upgrade together with SBB.”
The cables will be delivered over a five-year period starting from October 2014, and will be manufactured in Nexans’ cable plants in Breitenbach and Cortaillod, Switzerland.
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Nexans (nexans.com) brings energy to life through an extensive range of cables and cabling solutions that deliver increased performance for our customers worldwide. Nexans’ teams are committed to a partnership approach that supports customers in four main business areas: Power transmission and distribution (submarine and land), Energy resources (Oil & Gas, Mining and Renewables), Transportation (Road, Rail, Air, Sea) and Building (Commercial, Residential and Data Centers). Nexans’ strategy is founded on continuous innovation in products, solutions and services, employee development, customer training and the introduction of safe, low -environmental- impact industrial processes. In 2013, Nexans became the first cable player to create a Foundation to introduce sustained initiatives for access to energy for disadvantaged communities worldwide. We have an industrial presence in 40 countries and commercial activities worldwide, employing close to 26,000 people and generating sales in 2013 of nearly 6.7 billion euros. Nexans is listed on NYSE Euronext Paris, compartment A.