Prysmian invests in North America

Share this on social media:

Image credit: Rabanser/Shutterstock.com

Prysmian Group has committed to investing $85m in equipment and technology upgrades at plants in North America.

Most of these upgrades will take place at the Prysmian Group Claremont, North Carolina facility to expand production of optical products in order to meet the growing needs of telecoms customers.Its Claremont facility - a co-located in a joint optical fibre and optical fibre cable manufacturing facility - is also expected to grow to 620 employees in the next 18 months, adding up to 70 new jobs. 

Philippe Vanhille, EVP telecom BU at Prysmian Group commented: ‘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 Andrea Pirondini, CEO at Prysmian Group North America added: ‘Prysmian Group continues to experience strong demand in North America for optical fibre in the telecom sector, and is proud to play a lead role as an enabler of the digital transformation across the country. With these investments, we can continue to meet customer needs in support of 5G development in the U.S. and Canada.’

Company: 

Related news

Recent News

09 September 2021

Nokia and Vodafone Turkey have successfully completed a regional demonstration of a 1Tb/s per channel coherent transmission over the latter’s live optical network.

08 September 2021

Passive equipment vendor, Folan is to acquire British counterpart, Mainframe Communications in a move designed to gain a greater foothold in the UK fibre market.

01 September 2021

Adtran and Adva have entered into a business combination agreement to merge the two companies.

20 August 2021

Large-scale asset management firm UBS Asset Management (UBS-AM) has acquired a 100 per cent equity stake in North German infrastructure operator, Lünecom.