PRYSMIAN GROUP ANNOUNCES INVESTMENT OF 27 MILLION FOR EXPANSION OPTIC FIBER PLANT IN DURANGO
It will double its current production volume from 2.5 to 5 million kilometers of fiber optics per year
Durango, August 12, 2021.- Prysmian Group, a world leader in the manufacture of electrical and telecommunications cables with headquarters in Milan, Italy, and more than 40 years present in Mexico with 6 plants and more than 1650 employees announced the investment of 27 million dollars to begin the expansion of its cable and fiber optic manufacturing plant in the state of Durango, Mexico.
The Prysmian telecommunications plant in Durango, inaugurated in 2017, manufactures fiber and optical cables used in the telecommunications sector to enable internet access and connectivity services for communities, residential areas, businesses and industries. With the expansion, the current volume is expected to double from 2.5 million to 5 million kilometers of fiber optics per year, strengthening Prysmian's leadership position as a key and strategic player in this segment.
Marcelo De Paola, President and CEO of Grupo Prysmian in Mexico commented: “We are very proud of this important investment since even in the midst of this pandemic, we are very committed to our clients in the telecommunications industry and to Mexico. Our plant in Durango is ready thanks to the talent of highly trained Mexican hands in the manufacture of fiber optic cable and the focus on our mission: to connect the future ”.
The expansion project will conclude in 2022 and would make Prysmian's Durango plant one of the group's 3 largest in telecommunications. Currently the production of fiber optic cable is carried out by more than 130 specialized collaborators and with the expansion approximately 100 jobs will be added and the necessary training will be given by international and local experts.
The Durango plant represents a key piece for Prysmian towards a future led by sustainability, renewable energy and connectivity.
“The growing demands in the Latin American region reinforce our commitment to promote digital inclusion, connecting communities, companies and people, to be prepared, we maintain our continuous improvement and investment in our experience and local capacities. Durango, like our local site, will now improve and guarantee the quality of our deliveries. "Marcelo Andrade - VP Telecom Latam
