Hellenic Cables unveils €80 million investment plans

4C Offshore | Tom Russell
By: Tom Russell 20/01/2023 Hellenic Cables

Hellenic Cables, the cables segment of Cenergy Holdings, has initiated an investment program of around €80 million over a two-year period to strengthen its position in the subsea cable market.

The program includes a major expansion of a subsea cable plant in Corinth, Greece that aims to double production capacity of submarine cables, provide additional storage as well as upgrade the plant’s port facilities.  In this context, the company acquired a neighbouring property with a total area of 43,000 m2.

Hellenic Cables claims with this investment it will enhance the existing centre for a wide range of subsea cables, from Medium Voltage up to Extra-High Voltage needed in the offshore wind, subsea Interconnections and Power-from-Shore.

Alexis Alexiou, CEO of Hellenic Cables and Cenergy Holdings commented: “This is a turning point in Hellenic Cables’ vision to become a key enabler of the Energy Transition with a comprehensive portfolio of products and services that meet the highest standards of quality, safety and sustainability. With this investment program we respond to our customers’ and stakeholders’ needs and ambitions with concrete actions.  It is solid proof of our commitment to support the global effort towards a more sustainable future.”