The new production line represents a direct investment of the company worth €23 million on a three year period, and will increase the capacity of the factory by 12.000 tons per year, electrical cable. The cables to be produced in the new line are mainly intended for electricity distributions to the population. With this investment, Prysmian will increase the capacity of the plant with 6 new production lines. Since 2005, Prysmian has invested €75 million in its plants in Slatina.
The new production lines will increase the number of jobs and are designed to increase the factory volume by 20%. These production lines will both upgrade existing lines and add new production capacity.
"We are delighted to have been able to start this investment in the Slatina factory. Here we have secured the raw material for the production of our cables, right from the factories on the Slatina industrial platform. Here we have the largest telecom factory in Europe and here we want to demonstrate that we can have one of the most modern electrical cable factories. At the same time, Prysmian's factories in Slatina are oriented towards saving resources, but also protecting the environment, and in the energy factory one of these new cables will be made with an innovative technology that ensures a reduction of CO2 emissions by one ton per kilometer of cable produced", said Daniela Burca, COO Prysmian Romania.
"We are in the process of decarbonization. The world is moving towards the use of renewable energy sources. Speeding up the integration of new solar and wind farms depends on connecting them to the transmission and distribution grids. Prysmian is a global partner for on and off shore grid connection projects, as well as for the transmission of renewable energy through the group's patented ”state of the art” cables and systems. In this context, the investment in Slatina-Romania is a statement of Prysmian Group to be at the side of all actors in the Romanian energy market to facilitate the transition towards the use of green energy but also in transforming Romania into a regional energy hub," said Constantin Nistor CCO Prysmian Romania.
Prysmian's energy plant in Slatina produces more than 35,000 tons of different types of electrical conductors per year, which are found in the most common electrical appliances: from construction and industrial networks to medium and high voltage cables for underground or overhead transmission networks. The factory in Slatina exports electric cables and conductors to the main electricity suppliers in Europe and the United States every year.
The Prysmian Group is a world leader in the power cable and telecommunications industry. With almost 140 years of experience, the company has sales exceeding €10 billion, approximately 28,000 employees in over 50 countries and 104 factories.
