breadcrumb trails: 4
- Company
- Our Brands
- Our Business
- Governance
- Corporate Bodies
- Committees
- Internal dealings
- Remuneration policy
- Tax Strategy
Whether it’s a major capital goods item like a new cable laying, or simply in achieving greater energy and cost efficiency, sustainability is a guiding factor in industrial investment.
Prysmian Group believes that sustainability is not just about complying with rules and regulations -- which is of course essential. On a deeper level, sustainability is a guiding principle to view industrial investments as an opportunity for innovation. These investments can help develop new products and services that benefit business, customers, all stakeholders, the environment, and the safety and welfare of people and communities across the world.
Prysmian Group’s €170 million industrial investment in new cable-laying vessel Leonardo Da Vinci is good example of how sustainability, innovation, and business sense can combine. The Leonardo Da Vinci has a reduced environmental impact, mainly due to a specific design of engine and propulsion set up, which will ensure a reduced environmental footprint. The new vessel will be also equipped with 2 carousels of 7,000 and 10,000 tons - the highest carousel capacity in the market –, which will allow the vessel to improv overall project efficiency.
Energy and cost efficiency are key to achieving sustainability. Nearly one-fifth of industrial investments in 2018, or 19%, were made to achieve efficiency in these two areas. These investments help improve sustainability profiles of individual plants because cost reduction often involves squeezing waste out of production processes.
Prysmian Group without General Cable invested about €13 million in health, safety and environmental activities, including energy efficiency. The former General Cable made a €3 million investment.
To improve energy efficiency, 11 new energy diagnoses were carried out in European and non-European operating units last year. The Mudanya plant in Turkey and the General Cable German plant of Nordenham have consolidated energy management and consumption monitoring.
Industrial investments in sustainability can also intersect with advanced technology. Prysmian’s “Fast Track” project in its Calais uses digital technology to streamline production to support a sustainable use of resources. This is an Industry 4.0 system that allows the factory to trace all manufacturing materials in real time, managing events that could affect production. It should be rolled out to other plants this year.
Total spending on industrial investments in 2018 was €285 million.
