[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 2 sources · 15 days · First seen · Last updated

Prysmian Group infrastructure and manufacturing expansion

Overview

Prysmian Group is expanding its global infrastructure and workforce through strategic acquisitions and large-scale manufacturing investments.

In the United Kingdom, the company acquired a high-voltage cable-jointer training facility in North Ayrshire, Scotland. This acquisition incorporates more than 20 apprentice jointers and specialized training staff into Prysmian’s operations to support underground and subsea transmission projects across the UK and Europe.

In the United States, Prysmian announced significant manufacturing expansions. The company is investing over $1 billion to expand its Claremont, North Carolina facility, adding 900,000 square feet for fiber production, cable capacity, and research and development. Additionally, a $100 million investment is being directed toward expanding operations in Jackson, Tennessee, to double the size of an existing facility.

Entities

Prysmian · Jackson · Andrea Pirondini · Prysmian North America · Claremont

Timeline

  1. about 9 hours ago

    [BUSINESS] 2 sources
    Prysmian announces major manufacturing expansions in North Carolina and Tennessee

    Prysmian is investing over $1.1 billion across North Carolina and Tennessee to expand its fiber optic and cable manufacturing capabilities, creating nearly 500 new jobs.

  2. 15 days ago

    [BUSINESS] 2 sources
    Prysmian acquires Scottish cable‑jointer training centre, boosting UK workforce

    Prysmian bought a Scottish high‑voltage cable‑jointer training centre, adding 20+ apprentices and staff to its UK network and bolstering workforce for power‑grid projects across the UK and Europe.

Sources

focusnewspaper.com · ucbjournal.com