Eland Cables
British company
From Wikipedia, the free encyclopedia
Eland Cables is a British company headquartered in London, with its principal operations, and testing laboratory in the UK, and distribution sites across Europe.[1] The company supplies electrical cables to the energy infrastructure industry worldwide.[2] It specialises in cables used in large civil engineering works and in renewable energy, electrification and digitalisation projects. Its cables are typically used in power and control systems.[3]
| Founded | 1975 |
|---|---|
| Website | www.elandcables.com |
History
Established in 1975, ownership transferred to companies including Unidare Plc before a management buy-out in 2005.[4] Subsequently, the company has achieved over £300 million in annual revenue.[1][5]
Its executive director, Jean-Sebastien Pelland, moved to London from Montreal in 2001, advising the company in its MBO before joining the board in 2008.[6] It has supplied the cables for various major infrastructure projects across the UK and Europe, including the electrification of the Great Western Main Line[7] and Tesla battery power projects.[7]
The company changed its employee remuneration around 2017 due to workforce migration towards Amazon's jobs in its South Yorkshire warehouse. In response, the company adjusted its pay structure to link to a higher living wage, aligning with standards set by the independent Living Wage Foundation, alongside additional benefits such as health insurance coverage for all employees.[3] It has linked its ESG strategy to the UN Global Compact Sustainable Development Goals, of which it is a signatory,[3][8] and credits this work with aiding high retention rates and employee wellbeing.[3][9]
From 2020, the company experienced a significant surge in demand and benefitting from private and public sector investment in decarbonisation and digitisation initiatives. In 2022, the company reported a turnover of £235.9 million, a 24% increase from the previous year and a substantial rise from the £126.9 million recorded in 2020.[7] The company attributes this growth to ambitious efforts across EMEA to overhaul energy supply and distribution networks. Additionally, it benefitted from high-growth sectors such as renewable energy, battery storage, mobility and automation.[7] Eland Cables opened a large cable recycling plant that processes end-of-life cables and their materials. This facility recycles copper, aluminium, and other materials. Supporting sustainable operations, the company even recycles its floor sweepings and other site waste and turns non-recyclable materials into biofuel pellets for industrial kilns.[10] This sustainability focus has helped them achieve Ecovadis Gold rating, which in turn is linked to unlocking green financing as the first company to benefit from HSBC UK's Sustainable Improvement Facility to the tune of over €80 million.[11][12]
