Prysmian Group invests US$ 15 million to manufacture optic cable in Durango
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Prysmian Group, an Italy-based cable manufacturer, invested US$ 15 million to produce optic fiber cable in a facility located in the northern state of Durango, company officials revealed in a press conference.
The production site is scheduled to begin operations next June, after 19 months of construction and tooling. Meanwhile, its workforce receives training in the U.S.
This will be Prysmian third production unit in Durango. Dutch group Daka, a subsidiary acquired by Prysmian in 2011 for EUR 900 million, owned a manufacturing site dedicated to cable for automotive harnesses by the time the bid was made.
Once the acquisition was completed the new company opened a second facility to manufacture light cable for aerospace applications.
The automotive cable plant processes 20 tons a day aimed for Lear and Yasaki auto suppliers, while the other facility makes 20,000 kilometers (12,400 miles) of light cable for entertainment systems and controls featured in the Airbus A380 and A350 aircrafts.
Now Prysmian plans to open a new facility to increase its share in the Americas’ telecom market from the current 6% to 12% in 2018.
According to Jaouad Ben-Hamman, General Director for Prysmian Mexico, the plant will supply 1 million kilometers (621,371 miles) of optic fiber cable to its customers over the first year. But production is expected to reach up to 8 million kilometers over the next years as additional investments are made, totaling US$ 20 million by 2019.