26 Sep 2019
EUR 17 million
Industries and services
|Date of agreement:||25 Mar 2015|
|Customer:||NKT Holding A/S|
|Amount in DKK:||DKK 485 million|
|Amount in EUR:||EUR 65 million|
|NACE sector / loan type:||Manufacture of electrical machinery and apparatus|
|Business area:||Industries and services|
The loan has been provided to finance R&D investments for 2014–2018 and build up new capacity. NKT is an industrial conglomerate with businesses specialising in professional cleaning equipment (Nilfisk), power cables (NKT Cables), and high-tech photonic products (Photonics Group).
Nilfisk will focus its R&D towards developing more sustainable cleaning equipment that uses less energy, water and detergent, and is disposable. NKT Cables will develop modern power cable solutions, such as submarine cables, high-voltage cables or catenary wires for high-speed trains. Photonic Group’s R&D investments are fuelled by the need for more efficient use of global resources, prevention of pollution, earlier detection of certain diseases as well as heightened food and personal safety, among other things.
NKT is headquartered in Denmark, and is present in more than 100 countries worldwide. The company was established in 1891, and it currently employs almost 9,000 people.
The R&D investments of Nilfisk and NKT Cables in Denmark and Sweden are expected to add value to the companies' product offerings, both through cost efficiency gains in production and higher quality of the final goods. The investments might also have wider impacts in the region, because they will support the development of skills that are likely to migrate to other companies in NIB member countries.
The increase in Photogenic Group’s annual R&D expenditures and capacity build-up in Denmark are likely to strengthen the company’s productivity growth, which may have a spill-over effect on other companies in the same sector or region.
No substantial environmental benefits are expected from the R&D programme.
No significant negative environmental impacts are expected from the R&D programme.