Prysmian Group is investing $85 million in major equipment and technology upgrades at plants in North America.
The company said most of these investments and upgrades will take place at the Prysmian Group Claremont, N.C. facility to expand production of optical products. Additionally, the Claremont facility is expected to grow to 620 employees in the next 18 months, adding up to 70 new jobs.
“Prysmian Group is committed to support the growth necessary to expand access to high-speed broadband in North America,” said Andrea Pirondini, Chief Executive Officer of Prysmian Group North America “The U.S. Rural Digital Opportunity Fund and the Canadian Universal Broadband Fund will also help build local economies and provide access to healthcare services and education opportunities. Prysmian Group continues to experience strong demand in North America for optical fiber in the telecom sector, and is proud to play a lead role as an enabler of the digital transformation across the Country. With these investments, we can continue to meet customer needs in support of 5G development in the U.S. and Canada.” ended Pirondini.
With a strong legacy in manufacturing optical fiber and cable for a broad range of applications, the Group has four telecom production sites in the United States. In particular, the Claremont R&D center is the only one of its kind, co-located in a joint optical fiber and optical fiber cable manufacturing facility.
