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August 12, 2022
BUSINESS

Prysmian Group opened new optical cable plant in Romania

The investment is estimated at EUR 10-15 million and 70 pc of the production will be exported.

Prysmian Group, world leader in the energy and telecom cables and systems industry, opened yesterday a new plant for the production of optical fibre cable in Slatina, Romania, which has become one of the centres of excellence in Europe for the optical communications cables industry. “I am very pleased with the investment made by the Italian group, 500 employees have their jobs secured now in this factory. We will continue to provide full support in order to make the investment profitable.

I am convinced that this is an extraordinary opportunity for the youths who need a job. I asked the people of Prysmian if they agree to becoming involved in an important project of energy transport between Romania and Turkey, and the answer was affirmative,” said PM Victor Ponta, who attended the event.

The factory boasts a significant number of Quality Certifications such as ISO 9001, ISO 14001, IMQ, and the new plant will triple its production, from 500,000 kilometres up to 1.5 million kilometres of cables per year, with the potential of reaching 3 million. The investment value is estimated at EUR 10-15 million, Mediafax informs and 70 pc of the production will be exported.

According to company officials, this new plant for the production of optical fibre cable is part of an investment plan of over EUR 50 million which will be allocated in the future.“The investment in the new facility in Slatina is part of a major plan to further reinforce the Group’s competitiveness in this fast-changing market” said Valerio Battista, CEO Prysmian Group at the opening event. “Many developments are taking place in the current telecoms market. New players and services are appearing and evolution in broadband, double-play and triple-play services is dynamic. For this reason, as one of the major players in the telecom cable industry, Prysmian Group is continuously investing in this strategic sector in order to offer innovative technological solutions for the development of telecoms networks.”The Slatina plant stretches across almost 100.000 sq m, with a covered area of around 42,000 sq m.

This will create a total yearly production capacity of 30,000 tons of energy cable (from High Voltage cables up to 110kV and building wires, to Power and Instrumentation & Control cables), almost 1,500,000 km of optical cable and 500,000 km of copper telecom cable (covering almost all possible demand for both optical fibre and copper telecom cables types), employing over 400 people.

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