Nexans is launching a unique cable recycling and recovery service in France and Europe: CABLELOOP

Nexans, focusing on the circular economy, is launching a unique cable recycling and recovery service in France and Europe: CABLELOOP

_PRESS RELEASE_

• Nexans is stepping up its recycling strategy to support the energy transition and address the growing copper shortage.
• This necessary transformation is creating an opportunity for Nexans to set itself apart in the sector by leveraging its unique capabilities and agility.
• The company is launching its turnkey CableLoop service: collecting installation cable off-cuts and transporting them to the recycling centre, and then transforming the waste into recycled raw materials.
• A pioneer in electrification, the Group aims to use a minimum of 30% recycled copper in the manufacturing of its cables by 2030.

Paris, October 9, 2024 — At a time when demand for electricity is set to increase by 35% by 2050, and the world is heading for a risk of shortages of raw materials — including copper, Nexans is strengthening its key role as a player in the circular economy to speed up the energy and climate transition.

By actively investing in the recycling of non-ferrous metals, Nexans is promoting the creation of a sustainable cycle geared towards decarbonized energy: extended life cycles, reuse and recycling will contribute to a circular economy, reducing the use of virgin resources and lowering the carbon footprint created by the electrification of our activities.

Nexans already recycles over 40,000 metric tons of its own production waste every year. In Europe, this cable sorting and recovery process is partly carried out through the RecyCâbles joint venture created with Suez in Noyelles-Godault (northwestern France). As well as guaranteeing product traceability, local processing avoids the need to export large quantities of waste from France.

End-to-end recovery of cable for clients and partners

With 60 years' experience in recycling cable waste, Nexans is stepping up its circular economy strategy and is launching CableLoop, a unique recycling and recovery service for cable offcuts.

Nexans buys used cables — end of construction site electrical wires or obsolete industrial cables, and transforms them into valuable,