EVP P. Vanhille: “We are committed to support the transition to optical fiber infrastructure leveraging on local production to optimize service and carbon footprint”
Prysmian Group, world leader in the energy and telecom cable systems industry, strengthens its commitment to meet increasing demand of optical fiber broadband connectivity driven by the stimulus packages launched by the Federal and State Governments. The Company announced today it is investing an additional $30 million to the $85 million already announced last year to increase optical fiber cable capacity and capability in plants in North America.
With these investments, Prysmian further expands its North American optical cable production footprint of its telecom US sites. The Group will enhance availability of its worldwide leading product innovation to benefit the US market, optimizing the local telecom plants’ footprint and enabling the business lines segment of optical cables to improve their industrial efficiency.
“Prysmian Group is committed to support the growing needs of its North American customers,” said Andrea Pirondini, Chief Executive Officer of Prysmian Group North America. “The market is transitioning from a legacy copper infrastructure to optical fiber, and we are happy to do our part and transition as well, adapting our manufacturing portfolio to mirror this shift in technology. The execution speed guaranteed by this investment, aimed at repurposing the assets and the existing workforce, will allow us to be a key supporter of our customers’ growth as well as enable digital inclusion in local communities,” ended Pirondini.
With a strong legacy in manufacturing optical fiber and cable for a broad range of applications, the investment will increase the Group’s capacity in loose tube and drop cables production, optimizing its telecom industrial footprint in the US. This also continues the Group’s tradition as global leader in technology development for new, reliable and efficient broadband networks, providing valuable new capacity and options for telecom network operators.
“North America is a strategic market for our Group, and these investments are inserted into a global plan to increase our capacity to support the digital transformation with innovative products, going through the development of new ultra-broadband fibre optic telecommunication networks,” added Philippe Vanhille, EVP Telecom Division of Prysmian Group. “At the same time, Prysmian believes that local production is the best way to optimize both the quality of service and the carbon footprint to build a high performance infrastructure ready for the services of the future like 5G, smart cities, smart homes.”