CPSE:NKTElectrical
NKT (CPSE:NKT) Expands Asnaes Capacity, Is The Upside Already Priced In?
What NKT’s Asnaes expansion could mean for the stock
NKT (CPSE:NKT) has completed a large expansion of its medium voltage cable facility in Asnaes, Denmark, adding new production and test capacity that is now operational and ramping up output.
This move comes as European grid operators, renewable projects and data center developers require more medium voltage cables. As a result, the Asnaes site, its more than 100 new employees and NKT’s broader power cable offering are coming under closer...