BUSINESS

Prysmian continues to invest in the most competitive areas in Europe

*The group opens two new factories for the production of cables for telecommunications in Romania and Slovakia

 

The Prysmian Group, world leader in the industry of cables and systems for energy and telecommunications, will open two new factories for the production of telecommunication and data cables in Europe.

The factories are constructed as extensions of the existing factories, located in Slatina, Romania, and Presov in Slovakia, and will be open in the coming months. Both factories will be the largest in Europe, for their category, once they will reach the full capacity in the early of 2017. The official opening ceremonies will take place in early 2017, to celebrate this unique and very important event for the European industry of cables.

The factory in Slatina began its production in 1973, with the production of cables for energy, before the introduction of the first production mode of the optical fiber cables for power transport networks and access in 2009. After some significant investments made in 2013-2014, the total annual production capacity for optical cables increased to nearly 4,500,000 fkm. With the new investment of 22 million euros of the Prysmian company, the production capacity of the factory is expected to reach 8,000,000 fkm.

The factory in Presov was until now devoted to the production of copper data cables for multimedia solutions, with a current capacity of 600,000 LKM year. After an investment of 21 million euros, the production capacity for copper cables will increase and will add the production of fiber optic cables for multimedia applications.

“With a production history of nearly 140 years, the Prysmian Group is one of the largest cables company in Eastern Europe, having six production units located in Romania, Hungary, Slovakia and the Czech Republic”, said Francesco Fanciulli (photo), the CEO of Prysmian Group for Central and Eastern Europe. “It is extremely important that the two centers of excellence in Europe for the production of cables for telecommunications are located in Eastern Europe. This confirms the commitment of the Prysmian’s company to invest in the most competitive areas in Europe, helping its customers to provide quality and innovation through faster implementations, flexible and cost-effective’’ .

“The investment in these new factories is part of an important plan to increase our production capacity and further enhance the competitiveness of the Group’s telecommunications market that is rapidly changing,” said Philippe Vanhille, Senior Vice President of Division Telecom Group Prysmian . “Many changes are occurring in the current market of telecommunications. They are appearing constantly new players and services, and the evolution of the broadband is dynamic, especially in Europe. For this reason, one of the leading players in the cable industry for telecommunications, Prysmian Group keeps investing in this strategic sector, with the goal of providing innovative technological solutions for the development of the telecommunications networks. ”

 

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