According to foreign media sources, Prysmian Group, world leader in the energy and telecom cable systems industry, announced it will spend $85 million to upgrade the equipment and technology of its North American plant. According to the news, the group is most concerned about the factory of the optical fiber and cable manufacturer in Claremont, North Carolina, and will increase the production capacity of the factory. It is expected that in the next 18 months, the factory will add 70 new jobs and the total number of employees will reach 620.
Prysmian’s Claremont plant produces optical fiber and cable products, including the company’s FlexTube and ezMicroduct optical cables, as well as high-density products with bend-insensitive fibers. The plant is also the location of Prysmian's R&D center.
"The Prysmian Group is committed to supporting the growth in demand for high-speed broadband access in North America," commented Andrea Pirondini, Chief Executive Officer of Prysmian Group North America. "The US Rural Digital Opportunity Fund and the Canadian Universal Broadband Fund will help boost the local economy and provide healthcare services and educational opportunities. The Prysmian Group continues to feel the North American telecommunications industry There is a strong demand for optical fiber, and we are proud to play a leading role as a promoter of digital transformation across the country. Through these investments, we can continue to meet customer needs and support the 5G development in the United States and Canada."
"North America is our group's strategic market. These investments are included in a global plan to improve our ability to support digital transformation through innovative products and the development of new ultra-broadband optical fiber telecommunication networks," the Prysmian Group Telecom Division executed Philippe Vanhille, vice president, added. "These critical infrastructures must be based on high quality and designed to improve performance over time in order to prepare for future services such as 5G, smart cities, smart transportation, smart homes, etc."