Prysmian has announced further investments of $ 100 million over the next two and a half years to increase production capacity at its North American facilities. “The objective of the investments is to support the expected growth in the energy distribution and transmission markets, helping to meet the demand for upgrading in the region and the growing demand for clean energy sources”, reads the note from the company in which explains that this investment follows the group’s recently announced $ 85 million allocation to North American facilities to further consolidate its key role as an enabler of energy transition and digital transformation in North America.
“The decision to increase the production capacity of its plants confirms the Group’s commitment to North American customers and the intention to build a resilient infrastructure for the distribution and transmission of energy”, says Andrea Pirondini, CEO of Prysmian Group North America . “Specifically, these investments will further increase the ability to participate in vital projects, strengthening Prysmian Group’s positioning as a partner of choice for developing the US clean energy network”, concludes Pirondini.