Prysmian Group, based in Highland Heights, is a global leader in the power and telecom cable systems industry. He announced a formal entity merger between General Cable Industries, Inc and Prysmian Cables and Systems USA, LLC in the United States.
As of January 1, 2022, all companies in the region will change the name of the legal entities of Prysmian Group US.
Following the acquisition of General Cable Corporation and its subsidiaries by Milan-based Prysmian in 2018, this represents the final steps in creating a well-integrated organization under a single brand in the region with 27 manufacturing plants, eight distribution centers, six R&D centers. centers, more than 5,800 employees and the broadest portfolio of products, services and technologies that set the highest standards in the industry.
“Three years after Prysmian Group and General Cable joined forces, we are stronger than ever. Leveraging the technological excellence achieved by both companies in countless markets and business areas, we are proud to offer the most comprehensive portfolio of core wire and cable solutions to support the energy transition and digital transformation in the United States, ”said Andrea Pirondini, Managing Director. Officer of Prysmian Group North America. “The merger of entities and brand integration with General Cable will enhance our ability to deliver a better experience and better support our customers and the market as a single, well-integrated organization as we work together to create value for our communities. “
Following recent announcements of investment of $ 100 million over the next two and a half years to increase the capacity of its electricity distribution plants in the United States as well as an investment of $ 85 million in upgrades. Major update of equipment and technology for its telecommunications factories, Prysmian Group consolidates its position to support major infrastructure upgrades for a new clean and resilient energy network and to support the development of broadband infrastructure and the deployment of 5G in the region. These investments will modernize and expand manufacturing capacity, equipment and technology and strengthen the Group’s presence in the United States.
The Prysmian group plays a central role in the energy transition with the award of major transformation projects, including the $ 730 million Coastal Virginia Offshore Wind project, the largest submarine cable contract ever awarded in the United States, the $ 200 million Vineyard Wind project, the SOO Green HVDC Linkage project and the most recent $ 900 million offshore wind farm projects on the Massachusetts coast reinforce Prysmian’s commitment as a catalyst for the transformation that will shape the country’s energy and telecommunications infrastructure for generations to come.