EnergyWatch

NKT aims to gain ground on industry's top dog

The Danish cable manufacturer plans to conquer the US and go head-to-head with industry giant Prysmian following the ABB acquisition and the introduction of a new cable system.

Photo: NKT, pressefoto

NKT has built up serious muscle in the fight for the cable market. After finalizing the takeover of the high-voltage division from Swedish/Swiss ABB, the cable maker inaugurated the brand new cable-laying vessel Victoria this past month introducing a Direct Current (DC) cable of 640 kV. The ship has tonnage of 11,500, and NKT now seems to have grown into the role of industry major.

"That was the whole point" says CEO Michael Hedegaard Lyng.

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