Record time
integration

Record time integration

Editorial Team Insight

One year following its announcement, the integration of General Cable continues at full speed. The new organisation – combining both Prysmian and General Cable – has been established in record time. With an extended leadership team ready to lead the Group at the corporate, regional, business and functional levels, Prysmian has been provided with the structure needed to strengthen its position as the global champion of the cable industry. Operations are the core of the process and Prysmian is even better equipped to deal with, and overcome, all challenges than could have been expected.

In the meantime, results for the first nine months of 2018 approved by the Board of Directors have shown growth gaining steam in the third quarter with the telecom business on the rise, profitability improved in high voltage underground, and an uptrend for industrial and trade & installers.

As a global leader in its industry, Prysmian is eager to fully exploit the opportunities made available by the digital revolution to get the best out of its communication platform and tools to the benefit of all its stakeholders, both internally and externally.

In ‘GETTING THINGS DONE’, we report that the progress made in this crucial field was recognised with the most prestigious awards, as Prysmian Group is forging ahead with initiatives aimed at capturing the full potential of the new technologies for an even more interconnected organisation, starting with its people.

In ‘GLOBAL SCENARIO’ we explore the global off-shore wind farm market that is expected to almost double between now and 2025, determining that Prysmian Group is strategically positioned in this booming market and aims to further strengthen its leadership in the rapidly expanding wind power industry. In fact, Prysmian recently secured the Hornsea Project Two in the UK, linking the world’s biggest offshore wind farm, that will provide power to over 1.3 million homes with green electricity, confirming the competitiveness of Prysmian’s offer in this high value market.

Growing responsibly has always been a top priority and a strong commitment at Prysmian Group. In the SUSTAINABILITY session we report that Prysmian’s headquarters in Milan received the prestigious LEED Platinum international certification, the international standard of reference in assessing environmentally friendly buildings that was developed by the U.S.Green Building Council.