With investments of €45 million, it will be a competitive hub to serve the local wire and cable market, and will increase product exports in the region
Prysmian Group, world leader in the energy and telecom cable systems industry, announces the creation of its new global Center of Excellence for Latin America. The project, launched worldwide this month and involving a total investment of €45 million, is the confirmation of the longstanding trust of the company in the region. After almost 100 years of successful presence, Prysmian is preparing at its best for the upcoming growth of the Brazilian and South American energy and telecommunications markets.
Once fully operational, it will be a competitive hub serving the local wire and cable market, and will consolidate the company presence in the whole region. "The investments in these new facilities show Prysmian's commitment to the Brazilian and South American markets and the willingness to pursue growth in these regions" said Marcello Del Brenna, Prysmian's South American CEO.
Prysmian's Worldwide Center of Excellence in Brazil will be built within the company's plant in Sorocaba (São Paulo) and is expected to start operating by the end of 2018.
The new center will house the entire structure of the unit located in Santo André (São Paulo) and will be one of Prysmian Group’s most modern factories and offices facilities in the world.
“The investment in Brazil is part of the company's strategic investment plan to further strengthen our global presence with a solid vision of long term economic, social and environmental sustainability”stated Andrea Pirondini, Chief Operating Officer Prysmian Group.