News Archive for Prysmian News

Prysmian, new contract worth approx. 730 M Euros for offshore wind farm grid connections in Germany

Milan, 20 May 2014. Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded by 50Hertz Offshore GmbH a subsidiary of 50Hertz Transmission GmbH, operator of transmission grids in Germany a new contract worth approximately up to 730 million Euros (including options for grid connections in value of approximately 250 M Euros) to design, produce and install the power cable systems for the offshore wind park cluster West of Adlergrund in the German Baltic Sea.
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Prysmian secures the highest value cable project ever awarded, worth €800 million

Milan, February 16, 2012. Prysmian Group, world leader in the energy and telecom cables and systems industry, has been awarded a record contract worth approximately 800 million Euro, the highest value ever awarded in the cable business, for the development of Western HVDC Link, a new submarine High Voltage Direct Current (HVDC) interconnector between Scotland and England. The whole turnkey project will be executed by a consortium of Prysmian and Siemens who will be responsible for the HVDC converter stations.

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Prysmian Group to present a full range of cable systems for the power industry at MEE 2012

Prysmian Group, world leader in the energy and telecom cables and systems industry, will showcase its state-of-the-art technologies at MEE 2012, the biggest event in the Middle East for the electrical industry, that will take place in Dubai from February 7th to 9th (stand 3G30, Hall 3).
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VolkerWessels Telecom Awards Prysmian Group a multi-city deal to extend Reggefiber networks in 2012

Prysmian Group, world leader in the energy and telecom cables and systems industry, today announces the signing of a new FTTH deployment contract with VolkerWessels Telecom, the telecoms division of Dutch construction company VolkerWessels. The contract will be executed by Draka which earlier this year became part of the Prysmian Group. Read more…

Prysmian Group Tops Nexans in the Global Specialty Cable Market in 2011

LONDON, December 2, 2011 /PRNewswire via COMTEX/ — Prysmian Group has beaten Nexans to first place in the global specialty cable market in 2011, after its merger with Draka. According to Integer Research’s latest Study – The Market for Specialty Industrial Cable – Prysmian’s revenues in this market are expected to reach US$1.1 billion this year. Integer’s study, the first of its kind in this market, has revealed that the global market reached US$4.6 billion in 2010. Many of these cables require high quality polymers and additives to meet tighter fire performance and end-user requirements.
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Prysmian Group to showcase at “EWEA Offshore 2011″ in Amsterdam

Prysmian Group, world leader in the energy and telecom cables and systems industry, will present its latest full range of products and services for the wind power industry at “EWEA Offshore 2011”, the world’s largest offshore wind energy event that will take place in Amsterdam (The Netherlands) from November 29 to December 1 (booth 9238).

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Prysmian S.p.A. nine-month 2011 results

The nine-month 2011 results consolidate Draka only for the period March-September 2011

 SALES: €5,604 MILLION (ORGANIC CHANGE +12.0%)
 ADJ EBITDA1: €408 MILLION (€281 MILLION IN 9M 2010)
 ADJ OPERATING INCOME2: €305 MILLION (€224 MILLION IN 9M 2010)
 ADJ NET PROFIT3: €168 MILLION (€120 MILLION IN 9M 2010)
 NET RESULT: NEGATIVE €159 MILLION AFTER €199 MILLION PROVISION FOR ANTITRUST INVESTIGATIONS
 NET FINANCIAL POSITION €1,389 MILLION (€459 MILLION AT 31 DECEMBER 2010)
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Prysmian Group accelerates expansion into offshore Oil

NEW FLEXIBLE PIPES PLANT IN BRAZIL NOW OPERATIONAL ($150M INVESTED)
NEW PETROBRAS CONTRACTS OF SOME $50M FOR FLEXIBLES AND SPECIAL DHT CABLES
OBJECTIVE: EXPANSION IN NORTHERN EUROPE, USA, WEST AFRICA AND ASEAN
MORE THAN $150M SALES FORECAST ALREADY IN 2011

Milan, 09 November 2011. Prysmian Group, world leader in the energy and telecom cables and systems industry, is stepping up its expansion into the business of products and services for the offshore oil industry. The new flexible pipes plant in Brazil is now fully operational and the integration with Draka has broadened the product range to special DHT (Downhole Technology) cables, opening up new opportunities in the North American market. The Group also announces the acquisition of important orders from Petrobras worth a total of some $50M, for the supply of flexible pipes to connect platforms to wellheads thousands of metres below sea level, and special DHT cables, including fibre optics to control downhole instrumentation, power and hydraulic fluid cables. It is worth highlighting the significant Brazilian content of these projects, both in terms of local workforce and know-how development and with regard to the use of domestic raw materials.
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Prysmian Group at the Internationalwire and Cable Symposium

Milan, 7 November, 2011 – Prysmian Group, world leader in the energy and telecom cables and systems industry, will be playing a leading role this week in the International Wire and Cable Symposium (IWCS) to be held in Charlotte, North Carolina, USA from November 6-9. The IWCS brings together the world’s leading producers and users of cable in order to present and discuss the latest technological innovations in the industry.
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Prysmian Group Secures 1,200 KM of Optical Cables (OPGW) Contract from TIM Brazil

Prysmian Group, worldwide leader in the industry of high-tech cables and
systems for energy and telecommunications, has won a contract to supply TIM CELULAR S.A. Brasil (a subsidiary of TIM Brasil S.A.) with more than 1,200 km of Optical Ground Wire (OPGW) telecom cables. The cables will be installed on the important Tucuruí–Macapá–Manaus transmission line as part of the “LT Amazonas” infrastructural modernisation project.

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Prysmian secures €60 million in contracts for special OGP cables in the Middle East

Milan, 03 May 2011 – Prysmian Cables & Systems, world leader of the energy and telecom cables and systems industry, has signed two major contracts with SAIPEM, a world leading Oil & Gas industry contractor, worth in excess of € 60 million, to supply special cables for applications in the Oil, Gas and Petrochemicals industry.
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Prysmian S.p.A., announces FY 2010 results

Thursday, Mar 03, 2011

Profitability target achieved: adj ebitda €387 million
Upturn in second half: organic growth +9.7%, adj ebitda €206 million (€181 million in 1H)
Power transmission order book: exceeds €1.5 billion (€900 million at end 2009)
CEO Battista: “we are able to undertake Draka integration leveraging on a confirmed sound balance sheet”
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Prysmian launches P-Laser, the first eco-sustainable high-performance cable for electrical grids

Prysmian, a leading global player in the energy and telecommunications cables and systems industry, is ready for the international launch of P-Laser, the first high-performance eco-sustainable Medium Voltage cable for electrical grids. Made with raw materials that are recyclable, P-Laser helps to reduce the environmental impact of electrical grids while increasing their efficiency and transmission capacity.
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Prysmian maintains leading worldwide position in telecom optical fibre and cables market

Wednesday, Feb 09, 2011
Prysmian Cables & Systems – a leading worldwide player in the energy and telecommunications cable market – has confirmed its position among the top global players in the telecommunications optical fibre and cables sector, with overall production of around 10 million km of optical fibre in 2010, equal to 5% of the total worldwide industry production, and with a significant growth on 2009.
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Prysmian to exhibit full range of cable systems for power transmission infrastructures at mee 2011

Wednesday, Feb 02, 2011

Prysmian, one of the leading worldwide players in the energy and telecommunications cable industry, is to showcase its latest technological innovations, specifically designed to support the development of smarter and greener power grids, at MEE 2011, the electrical industry’s largest tradeshow in the Middle East, taking place in Dubai from February 8th to 10th, 2011 – stand 02D30, Hall 2.
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Prysmian secures SylWin1 project by TenneT for the cable connection of offshore wind farms in the North Sea to the German power grid

Prysmian, a leading worldwide player in the energy and telecommunications cable industry, has been awarded a project worth more than €250 million by the Dutch-German grid operator TenneT for the connection project SylWin1, linking offshore wind farms in the North Sea to mainland Germany.
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Prysmian awarded €223 million contract to supply fibre optic cables for the development of the Australian National Broadband Network (NBN)

Monday, Jan 17, 2011

Prysmian Cables & Systems, a world leader in the energy and telecommunications cables industry, has been awarded a major contract by the Australian government-owned NBN Co Limited, for the supply of fibre optic cables for the development of the new national broadband network. Total value of the contract, which has been secured by Prysmian Telecom Cables & Systems Australia Pty Limited, is up to €223 million (AUD 300 million) over five years, with an initial purchase order of €112 million (AUD150 million).

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Prysmian, Major New Contracts For Underground Cable Systems Worth A Total Of Some €60 Million

Monday, Jan 10, 2011

Prysmian Cables & Systems, a leading worldwide player in the energy and telecommunications cables industry, has been awarded major new contracts for underground cable systems worth a total of some € 60 million.
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Prysmian wins contract worth more than 90 m euros from INELFE (REE/RTE) for a new electrical interconnection between France and Spain

Thursday, Dec 16, 2010

The new High Voltage link is classified by the EU as “PRIORITY PROJECT” for improving power grids and using renewable energy.

The 2,000 MW rated transmission capacity of the system is an industry world record.

Milan, December 16, 2010 – Prysmian Cables & Systems, a leading worldwide player in the energy and telecommunications cables industry, has been awarded a contract worth in excess of € 90 million for a new electrical interconnection between France and Spain. The link will be realised for INELFE, a 50:50 joint venture between the Spanish grid operator, Red Electrica de España (REE), and the French grid operator Réseau de Transport d’Électricité (RTE).
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Prysmian to play a major role at “Grids 2010: the backbone of Europe’s energy future”

The group reconfirms its leadership in supporting the development of smarter and greener power grids as the recent activities and achievements in the renewable energy sector demonstrate.

Milan, November 18, 2010. Prysmian, one of the leading worldwide players in the energy and telecommunication cables industry, will play a major role at GRIDS 2010, two-day conference and exhibition organised by the European Wind Energy Association (EWEA) 23-24 November 2010 in Berlin, (bcc, Berliner Congress Centre, hall C – stand C2).
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