NKT

Type
Business expansion
Country
Denmark
Region
Danmark; Sjælland; Vest- og Sydsjælland
Location of affected unit(s)
Asnæs
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.3 - Manufacture of wiring and wiring devices
27.32 - Manufacture of other electronic and electric wires and cables
100 jobs
Number of planned job creations
Job creation
Announcement Date
8 April 2024
Employment effect (start)
8 April 2024
Foreseen end date

Description

NKT is investing a significant amount in expanding its production capacity at the Asnæs factory, driven by the increasing demand for medium-voltage cables due to the transition to renewable energy and electrification. This expansion will create approximately 100 new jobs in Asnæs which is supported by an investment of about 100 million Euro.

The investment aims to support market demand and strengthen NKT’s role in the green transition and modernity.

According to the source, the local government support for infrastructure improvements is crucial for this expansion.

Sources

Citation

Eurofound (2024), NKT, Business expansion in Denmark, factsheet number 201650, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201650.