12
A Memorandum of Understanding (MoU)
to analyse the potential for a submarine
connection between Romania and Turkey,
and
two new major industrial investments
worth a total of around €30 million, were
announced
by
Prysmian
CEO,
Valerio
Battista, together with the Group’s Central
East Europe CEO, Francesco Fanciulli. The
moves are part of a development plan that
started in 2013 with an initial investment
of €20 million.
The MoU was signed with Transelectrica,
the Romanian transmission and system
operator, and Unicredit Bank.
By capitalising on their areas of expertise,
the partners agreed to carry out studies
and analysis on the potential development
of a submarine cable connection between
Romania and Turkey. The memorandum
is aimed at supporting the further
development of the energy sector in the
region, offering Romanian power suppliers
the opportunity to export Romania’s surplus
to third-party countries such as Turkey.
New optical cable facilities in Slatina to
double production capacity during 2017.
The new plant will produce a full range of
new-generation optical fibre cables. They
will support the most advanced applications
and usages from public, private, national
and international operators, with all the
required quality certifications such as ISO
9001, ISO 14001 and IMQ. The first phase of
the project is planned to reach completion
during 2017. Part of the production volume
will be available for export at regime.
Prysmian is planning to double the current
production capacity by 2017 and reach three
times current production capacity by 2020.
New high voltage production facility.
The Group has also planned to start the
production of high voltage cables for
underground power transmission lines up
to 150 kV in Slatina. The new facility pioneers
FOCUS ON
Operations in Romania strengthened
Prysmian to study a potential submarine connection with Turkey,
plans a new optical cable and HV facilities and starts a new
Engineering Academy with Romanian universities.
the development of high voltage cable and
systems technology in Romania and will
leverage locally developed resources. The
new facility will serve both the domestic and
export markets, further qualifying Romania
as an ‘excellence hub’ to serve the most
advanced international markets.
Creation of the Prysmian Slatina
Engineering Academy.
With the goal of further developing local
highly skilled human resources, Prysmian
has also announced the launch of an
international education programme to
support industrial development, with the
recruitment of new and qualified local
personnel. The programme is a first step
towards the launch of a ‘Prysmian Slatina
Engineering Academy’ in collaboration with
the leading Romanian universities and is
closely connected to the Group’s Prysmian
Academy and New Graduate programmes.
