Prysmian Group makes $14M investment in optical cable organization
Lexington, S.C. – Prysmian Group, world leader in the energy and telecom cables and systems industry, will invest approximately $14M between 2016 and 2018 in its optical cable division.
Vice President of the Telecom Business for Prysmian Group Steve Szymanski noted, “Between 2016 and 2018, approximately $14M will be invested into the optical cable component
of our cable and wire business. This represents Prysmian’s largest investment in optical cable in North America in at least a decade.”
As the world’s largest producer of telecom cables supporting the infrastructure of many of the world’s leading telecom operators, Prysmian Group delivers optical fiber cabling solutions that help link communications to communities.
Syzmanski further said, “Because of this investment, we are currently recruiting for employees in Lexington, and that will continue into the foreseeable future. There is a definitive interest in recruiting manufacturing, material, and process oriented students from the State’s technical schools.
This investment also means more opportunities for recent graduates interested in the company’s international graduate program, Build the Future, which offers participants interested in a career with Prysmian Group the opportunity to work side-by-side with mentors and highly specialized teams to learn the skills they will need to succeed and make a valuable contribution, right from the beginning.
Hakan Ozmen, President and CEO, North America, commented, “Looking to the growth of Prysmian North America, we’ve implemented a graduate program to give college graduates the opportunity to gain real-world experience and growth towards their career goals.”
Prysmian Group’s Lexington plant is one of the largest fiber optic cable plants in the world. It produces more than a quarter of the demand in North America, but with ongoing capital investments in human and machinery capabilities, Lexington hopes to increase supply in North America. The Lexington plant, which houses research and development, product development, product management, customer service, and staff functions, is a major leader and player in providing broadband and fiber to the home space. It helps to guide industry direction at both the local and national industry levels and in Washington, D.C.
Recently, the Lexington plant made a $1.5M capital investment in ribbon technology in the optical cable plant for the telecom carrier and hyper scale data center markets; this project is underway and will be completed by the end of the year.
About Prysmian Group
Prysmian Group, world leader in the energy and telecom cables and systems industry with global headquarters in Milan, Italy, and with North America headquarters in Lexington, S.C., is strongly positioned in high-tech markets and offers a wide range of products, services and technologies. They operate in the business of underground and submarine cables and systems for power transmission and distribution, special cables for applications in numerous industries, and in medium and low voltage cables for the construction and infrastructure sectors. For the telecommunications industry, Prysmian Group manufactures cables and accessories for voice, video, and data transmission, offering a comprehensive range of optical fiber, optical and copper cables, and connectivity systems. Prysmian Group is a public company, listed on the Italian Stock Exchange in the FTSE MIB index. For sales inquiries, contactenergy.cables.na@prysmian.com. For more information, visit http://na.prysmiangroup.com.
Quick Facts
- Prysmian Group seeks to invest approximately $14M in optical cable.
- The Lexington plant is one of the largest fiber optic cable plants in the world.
- The Lexington plant produces 25% of the demand in North America, but with ongoing capital investments in human and machinery capabilities, it hopes to produce 30% of demand in North America.
- The Lexington plant recently made a $1.5M capital investment in ribbon technology, with the net result of adding 400,000 fiber KM units and ribbon optical cable for the telecom carrier and hyper scale data center markets.
- Those looking to join the Prysmian Group team should visit the company’s career page online.
