Prysmian will invest in a new laying vessel for submarine cables

Fully operational by 2020, it will be the most advanced and capable cable layer in the market

ID: 1533720
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(businesspress24) - Milan, 14 March 2018 - Prysmian Group, world leader in the energy and telecom cable systems industry, announces an investment in excess of

Prysmian Groupcapability to perform complex installation operations supporting a variety of burial systems, including heavy duty ploughs; state-of-the-art positioning and seakeeping systems and a reduced environmental footprint. The cable laying vessel is expected to be delivered by Q2 2020.

With three of the world

The Group and France and an NGCP interconnection in the Philippines. In the offshore wind connections market, Prysmian has been awarded projects by RTE to link three offshore wind farms to the French electricity grid.

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prysmian-group, cable, submarine, investment,

Company information / Profile:

Prysmian Group
Prysmian Group is world leader in the energy and telecom cable systems industry. With almost 140 years of experience, sales of about €7.9 billion in 2017, over 21,000 employees across 50 countries and 82 plants, the Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how. It operates in the businesses of underground and submarine cables and systems for power transmission and distribution, of special cables for applications in many different industries and of medium and low voltage cables for the construction and infrastructure sectors. For the telecommunications industry, the Group manufactures cables and accessories for voice, video and data transmission, offering a comprehensive range of optical fibres, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Italian Stock Exchange in the FTSE MIB index.

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PressContact / Agency:

Media Relations
Lorenzo Caruso
Corporate and Business Communications Director
Ph. 0039 02 6449.1

Investor Relations
Cristina Bifulco
Investor Relations Director
Ph. 0039 02 6449.1

published by: RealWire
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Date: 03/14/2018 - 12:35
Language: English
News-ID 1533720
Character count: 2388
Firma: RealWire
Ansprechpartner: Samantha Wiles Feedback to about Pressrelease-id:
Stadt: Lincoln
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