General – NKT Investments
NKT has announced plans to build a new factory including a third extrusion tower in Karlskrona, Sweden, and a new market-leading power cable vessel.
The investments are driven by increasing demand for high-voltage power cables, strong order intake and a record order backlog of more than EUR 7bn at the end of Q1 2023.
Since March 2023, NKT has confirmed high-voltage contract awards and booking commitments of more than EUR 5bn. To deliver on this significant order intake, prepare for the continued strong market outlook and execute the record high order backlog, NKT will invest around EUR 1bn in its high-voltage power cable business.
The investments include a new, market-leading vessel with record-high power cable-laying capacity compared to vessels in the existing world fleet and a significant extension of the Swedish production site in Karlskrona. Here, NKT will build a new factory including a third 200m extrusion tower adding end-to-end production capacity next to the existing facility. This will turn the site into the world’s largest high-voltage offshore cable production site.