Prysmian Invests in New Brazil Center of Excellence
Italian subsea cable specialist, Prysmian has created its new global Center of Excellence for Latin America.
Once fully operational, it will be a competitive hub serving the local wire and cable market, and will consolidate the company presence in the whole region.
“The investments in these new facilities show Prysmian’s commitment to the Brazilian and South American markets and the willingness to pursue growth in these regions,” said Marcello Del Brenna, Prysmian’s South American CEO.
Prysmian’s €45-million Worldwide Center of Excellence in Brazil will be built within the company’s plant in Sorocaba (São Paulo) and is expected to start operating by the end of 2018.
The new center will house the entire structure of the unit located in Santo André (São Paulo) and will be one of Prysmian Group’s most modern factories and offices facilities in the world.
“The investment in Brazil is part of the company’s strategic investment plan to further strengthen our global presence with a solid vision of long term economic, social and environmental sustainability,” stated Andrea Pirondini, chief operating officer Prysmian Group.