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5.
EFFICIENCY CONTINUOUSLY INCREASING
PRYSMIAN GROUP
2015
YEARLY OVERVIEW
GLOBAL REACH, LOCAL EXCELLENCE
Prysmian Group’s manufacturing activities
are highly decentralised in 88 plants in 31
different countries. This is a strategic factor
enabling it to react quickly to different
market needs worldwide.
Once again in 2015 Prysmian pursued its
strategy of concentrating on higher value-
added, high-tech products in a limited
number of manufacturing facilities, which
thereby become centres of excellence
enabling economies of scale and reductions
in capital employed, and of making the
commodities area ever more efficient, with
a wide geographical presence to minimise
distribution costs.
Capital expenditure increased by 29% in
2015 to Euro 210 million, mainly reflecting
the significant resources invested in
manufacturing footprint projects, as well as
theusuallevelofinvestmentinthesubmarine
cables and optical fibre businesses.
About 44% of total expenditure was to
increase production capacity and change
the mix.
+29% increase in capex
"Factory reliability helped us improve quality,
customer service and efficiency yet again in
2015. Investments are focused on developing
centres of excellence throughout the supply
chain, with particular attention to improving
the environmental and social objectives".
Chief Operating Officer
Andrea Pirondini
Work continued in 2015 to boost efficiency to enhance the extensive production network around the world
but also to concentrate manufacturing activities for high value-added, high-tech products.