# NKT plans EUR 150M investment to expand high-voltage factories

NKT plans to invest approximately EUR 150 million in 2020-2022 to expand its high-voltage factories, driven by a record order book. The company also plans to issue new shares by end of 2020 to fund the investment. Announced on 29 June 2020.

- Type: Expansion
- Announced: 2020-06-29
- Value: $168.0M (150.0M EUR)
- Status: announced
- Products: high-voltage power cables
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [NKT](https://endata.com/companies/15394.md)

## Sources

- [finans.dk](https://finans.dk/erhverv/ECE12254331/nkt-vil-investere-i-udbygning-af-fabrikker-og-udsteder-nye-aktier/), 2020-06-29: "NKT planlægger at investere cirka 150 mio. euro i 2020-2022 i at udbygge sine højspændingsfabrikker."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.