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Prysmian Group makes $14M investment in North America operations

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Article corrected at 11:15 a.m., Nov. 28, to reflect fact that the $14 million investment is for the company's plants in Lexington, S.C., and Durango, Mexico.

Prysmian Group has announced plans to invest approximately $14 million between 2016 and 2018 in its North America optical cable division  operations.

About $1.5 million of the money is being spent at the Lexington, S.C., optical cable plant in ribbon technology for the telecom carrier and hyper scale data center markets, according to a press release. The remainder is being invested in the company's Durango, Mexico plant.

Prysmian Group's North America operations also are headquartered in Lexington.

Prysmian Group has announced plans to invest approximately $14 million between 2016 and 2018 in its optical cable division headquartered in Lexington. (Photo/Provided)“This represents Prysmian’s largest investment in optical cable in North America in at least a decade,” said Steve Szymanski, vice president of the telecom business. “Because of this investment, we are currently recruiting for employees in Lexington, and that will continue into the foreseeable future.

“There is a definitive interest in recruiting manufacturing, material and process-oriented students from the state’s technical schools.”

The investment also means more opportunities for recent graduates interested in the company’s “Build the Future” international program.

“Looking to the growth of Prysmian North America, we’ve implemented a graduate program to give college graduates the opportunity to gain real-world experience and growth towards their career goals,” said Hakan Ozmen, president and CEO, North America.

The Lexington plant is one of the largest fiber optic cable plants in the world, producing more than a quarter of the demand for fiber optic cable in North America, according to a press release. The operation houses research and development, product development, product management, customer service and staff functions.

 

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