Market Overview

nVent Investing in Russian Production of its Electrical Heating Components

Share:

Partnership with St. Petersburg-based cable manufacturer will boost
customer offerings

nVent, a global leader in electrical connection and protection
solutions, will increase its presence in Russia, launching its first
local production line in St. Petersburg in August. nVent is partnering
with Sevkabel – a major St. Petersburg-based cable manufacturer – to
locally assemble nVent's RAYCHEM BTV and XTV families of self-regulating
electric heat trace cables.

"Russia is a key market for us," said Brad Faulconer, nVent's president
of Thermal Management and one of the executives from both companies who
will gather to launch the partnership July 24 - 25 at the Sevkabel
plant. "We have been active in Russia for over 25 years, and began
localizing production here about five years ago. Locally assembling
self-regulating cables is a natural step in our journey. Using our
patented, U.S.-made materials, we'll have more flexibility and the right
stock available to respond to the growing demand in Russia."

The heating cables are part of nVent's RAYCHEM portfolio of thermal
electrical solutions, which include heat tracing for pipes in industrial
facilities. Specifically, the BTV and XTV cables help customers keep
operations running by preventing pipes from freezing and maintaining
process temperatures. More than 500,000 kilometers of RAYCHEM heating
cable have been sold globally over the last 40 years for use in
industries ranging from oil and gas to mining to commercial and
residential buildings.

The nVent RAYCHEM brand was previously owned by Pentair. In May 2018,
Pentair spilt its portfolio, creating a new company – nVent –
exclusively focused on providing electrical systems and components that
connect and protect vital assets. While the nVent name is new, the
company has an established portfolio of leading electrical solutions
that connect and protect critical systems across the globe where the
cost of failure is high.

"We partnered with Sevkabel because of its expertise and high-quality
standards," Faulconer said. As the first cable manufacturer in Russia,
established in 1879, Sevkabel manufactures optical fiber and power
cables, self-supporting cables, low-voltage power cables and
cross-linked polyethylene cables.

nVent's main Russia office and central warehouse are in Moscow, and the
company has a design center in St. Petersburg. nVent also has a network
of authorized distributors and partners around the country, and works
with design institutes and contractors to service its customers in
Russia.

nVent's various electrical brands – some a century old – are well-known
to commercial builders, energy companies, data-center operators and
industrial producers in Russia and worldwide. nVent boasts $2.1 billion
in annual revenue from three electric business segments: Enclosures,
Thermal Management, and Electrical and Fastening Solutions. Combined,
nVent employs more than 9,000 people worldwide and holds more than 400
patents.

Among nVent's other well-known brands are nVent HOFFMAN electrical
enclosures. Its fastening solutions segment includes nVent ERICO brand
components for electrical protection, rail and transit connectivity,
telecom installation, and utility and industrial facility electrical
systems.

About nVent
nVent
Electric plc
, ("nVent") with a principal office in London, England,
and U.S. management office in Minneapolis, Minn., is a global leader of
inventive electrical solutions that connect and protect customers by
creating safer systems to ensure a more secure world. The nearly 9,000
employees worldwide design, manufacture and distribute electrical
enclosures, electric heat tracing solutions, complete heat management
systems, and electrical and fastening solutions. In 2018, nVent became
an independent, publicly traded company (NYSE:NVT) after separating
from Pentair plc ("Pentair"). Its robust portfolio of leading electrical
product brands dates back more than 100 years and includes nVent CADDY,
ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER are
trademarks of nVent Electric plc.

View Comments and Join the Discussion!