Italy’s Prysmian Group, world leader in the energy and telecom cables and systems industry, will open next week the second fiber optic cable factory in Slatina, southern Romania.
This is its biggest investment in Europe for its category once it reaches full capacity, estimated at EUR 22 million, the company announced, which took over in 2005 the production unit, set up in 1973, from Pirelli.
The new unit to be inaugurated on June 13 is basically an extension of the old one, which also started the production of fiber optic cables for the central transport and access networks in 2009.
With Prysmian’s new investment the factory’s production capacity is predicted to reach 8,000,000 fkm., compared to 4.5 fkm currently. There are already 1,400 Romanian employees in the first plant.
According to a note sent to investors, the Italian group announced for 2016 total investments of EUR 222 million, compared to EUR 210 million in 2015.
Prysmian Group has almost 140 years of experience, sales of about EUR 7.5 billion in 2015, over 19,000 employees across 50 countries and 88 plants. The group is positioned in high-tech markets and offers the widest possible range of products, services, technologies.