Prysmian and Petrobras Sign Technical Cooperation Agreement for Flexible Pipe Development
Claudio Paschoa
January 26, 2010
Prysmian announces investmens of around $115 million to start flexible pipe production in its Vila Velha, Espírito Santo industrial plant.Prysmian Cabos e Sistemas do Brasil S. A., announced in november a $115 million investment for 2010, for the expansion of its industrial plant in Espirito Santo in order to produce flexible pipes along with umbilicals already produced at the plant. The event, had the presence of Prysmians’ Worldwide President, Valerio Battista, Prysmians’ South American President, Armando Comparato Jr., Petrobras management representatives and The Italian Minister of Economic Development, Claudio Scajola. “Petrobras and Prysmian have signed a technological cooperation agreenment in order to develop flexible pipes for Petrobras.