Prysmian Group, the player in the energy and telecom cable systems industry, inaugurated its largest optical cable plant in Europe located in Slatina, after making a EUR 25 million investment, part of its global 3-year investments of EUR 250 million in optical fibre and cable facilities worldwide.
The plant has an annual production capacity of over 8 million fibre kilometres.
The inauguration ceremony was attended by H.E. Marco Giungi, Ambassador of the Republic of Italy in Romania, Valerio Battista, CEO Prysmian Group, Philippe Vanhille, Senior Vice President Telecom Business Prysmian Group, and Francesco Fanciulli, CEO CEE Region, along with senior representatives of the Olt county authorities, local and international business community leaders, business partners and other company officials, for a total of more than 150 international guests.
“As a worldwide leading player in the industry, we are strongly committed to supporting the needs of Governments and Telecom operators in developing new broadband networks, by continuing to invest in optical fibre and cable capacity as well as in new technologies and know-how,” said Valerio Battista, CEO Prysmian Group.
Over the past 5 years, Prysmian has invested almost EUR 60 million in Romania to develop new capabilities and capacity at the Slatina site, laying the groundwork that will let the country become a European hub of excellence and innovation for optical cables, as well as a top technological centre for HV and MV Energy cables.
The new optical cable plant is located inside the new Slatina Milcov industrial park, almost 40 percent of whose available land was acquired by Prysmian back in 2015 for a total area of around 110,000 sqm. Construction started in October 2015 and lasted 11 months, and mass production is due to start in June 2017.