Prysmian Group to add new plant to Slatina factory

The Prysmian Group will open two new plants in Romania and Slovakia, where it will produce telecommunications and data cables. The plants will be built as extensions on ots existing factories in Slatina, Romania and Presov, Slovakia.

The plants, to be opened in the coming months, will be the biggest in Europe for their category and are expected to reach their full capacity at the beginning 2017.

The Group’s Slatina factory started its manufacturing activity back in 1973 with production of energy cables and introduced the first module for the production of optical fibre cables for backbone and access networks in 2009. The Prysmian Group invested in the factory in two stages, between 2013-2014, and will invest another EUR 22 million in the production capacity. The first investment increased the total yearly production capacity for optical cables to almost 4,500,000 fkm. The new investment is projected to increase the factory’s production to 8,000,000 fkm.

“With a manufacturing history of almost 140 years, Prysmian Group is one of the largest cable companies in Eastern Europe with six production units based in Romania, Hungary, Slovakia and Czech Republic” Francesco Fanciulli, CEO Prysmian Group Central Eastern Europe stated. “It is extremely significant that two centres of excellence in Europe for the production of telecom cables are located in Eastern Europe. This confirms Prysmian’s commitment to invest in the most competitive areas in Europe, helping its customers deliver quality and innovation through faster, flexible and cost-effective deployments”.

“The investment in these new facilities is part of a major plan to increase our production capacity and further reinforce the Group’s competitiveness in telecom’s fast-changing market” said Philippe Vanhille, Senior Vice President Telecom Business at Prysmian Group. “Many developments are taking place in the current telecoms market. New players and services are constantly appearing and evolution in broadband is dynamic, especially in Europe. For this reason, as one of the major players in the telecom cable industry, Prysmian Group is continuously investing in this strategic sector in order to offer innovative technological solutions for the development of telecoms networks.”

Business Review