Prysmian Group To Expand Abbeville County Cable Manufacturing Facility
$8.2 Million Investment Expected To Create 20 Jobs
COLUMBIA, S.C. – September 22, 2014 - Prysmian Group, a global cable producer serving the energy and telecom industries, is expanding its manufacturing facility in Abbeville County. The company’s $8.2 million investment is expected to create approximately 20 new jobs once in full operation.
Prysmian, whose Abbeville facility is celebrating its 50th year of operation, is investing in a new, state-of-the-art compounding facility for medium voltage cable insulation and is adding a second vertical continuous vulcanization (VCV) line. Company officials plan to start construction this year, with production expected to begin in the second half of 2015. Prysmian’s first VCV process, housed in a 373-foot tower and constructed in 2009, was the first one of its kind to produce extra-high voltage power cables in North America.
This latest investment comes as medium and high voltage cable projects across North America – including major utility company clients – continue to increase, and Prysmian will be better equipped to serve these growing markets. Prysmian Group, which is based in Milan, Italy, is active in North America with expertise in low, medium and high voltage cable design and manufacturing. Its continued investments on this continent reinforce the group’s commitment to high-tech, high-value added sectors.
Prysmian Group has a presence in more than 50 countries around the world and employs 19,000 people and 91 plants. Those interested in careers with the company may search for available positions online.