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| News |
Milan
07.02.2007
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Prysmian: a new plant for Umbilicals
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One of the world's leaders in the sector of energy and telecommunication cables, Prysmian has
inaugurated today a new plant for the production of umbilicals - special cables used in offshore
oil platforms - in Vila Velha, Brazil.
The new plant stretches over 6,500 sq metres of built area, on a total area of more than
20,000 sq metres, and employs 110 people.
The umbilicals are multi-functional energy and optical fibre cable systems which - combined
with a dedicated line of accessories and terminals - allow the "heads" of the wells on the ocean
bed to be connected with the platforms or ships on the surface, managing both energy and data
transmission and fluid flow.
The expansion of production capacity, the strategic location of the installation (close to
Brazil 's major extraction areas and the plants of Petrobas, one of Prysmian's most important
customers in Brazil ) together with the nearby ship loading structures will enable Prysmian to
reinforce its position in a high added value market such as the Oil&Gas market.
Most of the production will be earmarked for the Brazilian domestic market and our customer
Petrobas, with whom the Group will reinforce its partnership and the remaining part will go to
other markets with particular reference to North America.
"We have been producing subsea umbilicals for over 20 years. This new high-tech plant will
enable us to strengthen our position in the
high added value market segment of cables for the Oil&Gas industry. It will also enable us
to deliver our capability and experience to a wider costumer base, and supply a full portfolio of
technologically advanced solutions to the global market, especially North America," stated
Prysmian's CEO Valerio Battista.
In Brazil, Prysmian has four production plants employing a total of 900 people. Among other
applications, these plants produce high, medium and low voltage power cables, special cables for
the Oil&Gas, maritime and car industries, as well as communications copper and fibre cables.
Prysmian
Prysmian S.p.A. is the parent company of the group that acquired the shareholdings and business
of the Cables & Systems Division of the group Pirelli & C. S.p.A., in 2005. The group is
one of the world's leaders in the energy and telecommunication cables industry, with a strong
market position in higher added value market segments. Organised in two business units, Energy
Cables & Systems (submarine and terrestrial cables for electricity transmission and
distribution) and Telecom Cables & Systems (optical fibres and cables for video, data and voice
transmission, and copper telecom cables), the Prysmian Group has a global presence, with 54 plants
and more than 12,000 employees located in 20 countries. Specialising in the development of products
and systems designed on the basis of clients' specific requirements, Prysmian's main competitive
strengths include its focus on research and development, ability to innovate its products and
production processes, and the use of its own advanced proprietary technologies.
This announcement is not an offer for sale of securities in the United States . The
securities referred to herein may not be sold in the United States absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as amended. Prysmian S.p.A does
not intend to register any portion of the offering of the securities in the United States or to
conduct a public offering of the securities in the United States . Any public offering of
securities to be made in the United States will be made by means of a prospectus that may be
obtained from Prysmian S.p.A or the selling shareholder and that will contain detailed information
about the company and management, as well as financial statements. Copies of this announcement are
not being made and may not be distributed or sent into the United States, Canada, Australia or
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