With a manufacturing capability of 1mn kilometers of fiber per year, expected to grow to 2mn km in the second stage, the new upgraded facility will indeed be a crucial asset to help address the growing need for broadband and telecommunications solutions in Mexico and Central America, which is currently growing at a 20 percent rate each year.
Beside the capacity, the importance of the plant is also based on the advantages it provides to the customers, as explained by Juan Alberto Olivares, Prysmian Group's Technical Market Director for Mexico, Central America, and the Caribbean: “We have all the raw materials needed for this facility here in Mexico. It means that we can produce cables locally, supplying optic cable faster than ever before; and we will be able to quickly react to the needs of the market and those of prospect and existing customers.”
Being able to timely deliver products and solutions to customers is a crucial asset, especially in this market, where large companies are investing in expanding their broadband infrastructures. “Within two years from now, which is the time it will take for the plant to reach full capacity, we expect to nearly double our regional market share in Mexico and Central America — which are a single market for the Group — and reach a share of 11%.”