# NKT invests EUR 100M to expand medium-voltage cable capacity in Europe

NKT is investing approximately EUR 100 million to add medium-voltage power cable production capacity and capabilities at its factories in Asnaes, Denmark; Falun, Sweden; and Velke Meziříčí, Czech Republic, to meet growing demand from grid upgrades and renewable energy projects.

- Type: Expansion
- Announced: 2024-04-04
- Where: Asnaes, Denmark; Falun, Sweden; Velke Meziříčí, Czech Republic, Denmark
- Value: $108.0M (100.0M EUR)
- Jobs: 150
- Starts operating: 2025
- Status: under construction
- Capacity: 20–110 kV production capacity
- Products: medium-voltage power cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [investors.nkt.com](https://investors.nkt.com/company-announcements/2024/nkt-invests-in-medium-voltage-power-cable-business-to-boost-capacity-for-growing-demand/), 2024-04-04: "NKT is investing in additional production capacity and capabilities at its medium-voltage factories in Denmark, Sweden and Czech Republic."
- [wirenet.org](https://wirenet.org/industry-news/nkt-to-invest-up-to-e100-million-in-medium-voltage-power-cable-business/), 2024-05-03: "NKT plans to invest up to €100 million to expand medium-voltage power cable production at its factories in Denmark, Sweden, and the Czech Republic."

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