The tenth anniversary of the founding of the Prysmian Group was celebrated in 2015, representing an ideal occasion to remember the great success achieved over the years. These celebrations, with various initiatives involving Prysmian's people and stakeholders, also offered a chance to think about and analyse the results delivered during the past decade. Multiple marketing and communications activities were organised throughout 2015 to mark this 10-year milestone: all communications carried a golden logo created especially in honour of the tenth anniversary, while the history of Prysmian over the decade was gathered and recounted in a book, produced for the occasion, that was dedicated and distributed to every employee.
The Group has signed an agreement to increase its stake in Oman Cables Industry to approximately 51%, thus gaining majority stake. According to the terms of the agreement, Prysmian Group, which already own a 34.78% stake in the company, will purchase an additional approximately 16%, for a total consideration of around €100 million. “We consider our investment in Oman Cables Industry of strategic importance to our presence in the Middle East region” declared Prysmian’s Group CEO, Valerio Battista. “We believe that the company has already demonstrated to be able to succeed in the market and it is now well positioned to seize new growth opportunities. As the main shareholders, we will be delighted to keep supporting the company, also by leveraging on our capabilities as worldwide leader in the cable industry”. With a turnover of RO 303.1 million ($793 million) in 2014, more than 800 employees in two plants, Oman Cables Industry is a top cable manufacturer in the Gulf Cooperation Council region and is listed in the Muscat Securities Market.
Milan EXPO 2015 was a great success. The event was attended by 21 million visitors in 184 days and involved the participation of 144 countries, representing 94% of the world’s population.Prysmian Group contributed to this great event, supplying the cables used to wire the Exhibition Piastra — i.e., the site’s exhibition ground and its most important infrastructure— on which the facilities, pavilions, clusters and amenities of the Milan Universal Exposition were built. In particular, for this project the company supplied low environmental impact MV P-Laser cables for power distribution and LV Afumex cables with special performance in the event of a fire. Within the site, Prysmian supplied LV Afumex cables to be installed in the pavilions of China, Azerbaijan, the Principality of Monaco and Japan, the latter of which was judged to be among the best of the 2015 edition by BIE - Bureau International des Expositions, the international intergovernmental organisation that has the important task of setting the goals for expositions and regulating their selection, schedule and organisation.
Cable Enterprise, the second cable vessel of the Group, has been upgraded from a moored cable laying barge into a DP2 cable laying barge able to manoeuvre with her own propulsion system at the site of work. Following major conversion works, the vessel can now operate autonomously without the need of tugs during cable installation activities. With almost 8 MW of power, Cable Enterprise is capable of maintaining her position in DP mode, even in harsher weather conditions. Her powerful propulsion system enables the vessel to undertake lay and burial operations with any type of plough, including HD3 ploughs. She is now amongst the most powerful submarine cable laying barges in the market and has unmatched green credentials. "Our objective is to further boost the Group’s submarine project execution capabilities with a powerful and flexible asset that can install the entire range of submarine cables, from interconnectors and export cables to inter-array cables between turbines or offshore oil platform grid connections", explains Raul Gil, COO of Prysmian Powerlink.