Prysmian will manufacture the cables for the first high speed trains in China

The largest order ever received in China and confirms prysmian’s strong growth in this market.

Milan, Italy   -   18/07/2006 - 12:00 AM

Prysmian Cables & Systems will manufacture the cables for the first high speed trains in China.

It is the largest order ever received in China and confirms Prysmian's strong growth in this market.

 

Prysmian Cables & Systems (formerly Pirelli Cables) has signed its largest ever contract in China, confirming its strong growth in this strategic market.

PTCC (Prysmian Tianjin Cables Company) will be the majority cable supplier for the first high speed trains to be manufactured in China by ChangChun Railway Vehicles (CRC), the biggest Rolling Stock manufacturer in China. The contract also represents the largest ever single order for Rolling Stock cables market, worth nearly 11.5 million Euros (RMB 117 million).

CRC has teamed up for this strategic project with Alstom Transport and will produce 51 trains of 8 cars each of the “Pendolino” type (called “EMU”) in ChangChun, while Alstom will at the same time produce 9 trains in Italy – Savigliano. Prysmian took the largest share of the business beating other major Chinese and international players.

The contract will be executed over a period of 9 months with the first cables delivery occurring at the end of September 2006. Most of the cables will be manufactured by PTCC, whilst the balance will be produced by Prysmian Italy.
This contract award is the acknowledgment by both Alstom and ChangChun of the higher quality and performances of the cables manufactured by the Prysmian Group, the only one able to meet the technology challenge required for a project of this level and to cope with both the localization requirements and the tight delivery schedule requested by the Chinese authorities.

With the addition of this contract, Prysmian Tianjin confirms its leadership role in the Chinese Rolling Stock cable market and the company’s position as the preferred partner for the high-end applications like Mass Transit cars and High Speed trains. This contract award is a great example of the excellent teamwork between the sales and technical teams in Italy and China who worked together to service two important global customers - Alstom Transport and CRC. An example of Prysmian reliability all around the world.

Prysmian Cables & Systems, the name assumed by Pirelli Cables after it passed under the control of Goldman Sachs Capital Partners in 2005, is the world leader in the energy and telecommunications cables and systems industry, being present in 41 countries in the 5 continents, with 53 production plants distributed in 21 countries, more than 12,000 employees and a 2005 turnover of 3.75 billion Euros.

Prysmian’s presence in China dates back to 1997 with the opening of its first Joint Venture manufacturing company. Prysmian in China currently employs more than 600 people in its 4 manufacturing plants, located in  Tianjin (specialized in heavy special cables for Industrial applications), Baoying in Jiangsu Province (market leader in High Voltage cables and systems), and Wuxi, also in Jiangsu, (specialized in Optical Fibre and Copper cables for the Telecommunications markets). Moreover, Prysmian Shanghai Trading imports and distributes Prysmian’s leading range of cable accessories for MV and HV cables.