Prysmian Cable Manufacturing Expands North Carolina Facility
Prysmian, a provider of cable manufacturing, is investing over $1 billion and adding 385 jobs in an expansion of its facility in Catawba County, Governor Josh Stein announced today. Prysmian, headquartered in Milan, Italy, operates in over 50 countries and specializes in cabling solutions. Its North American headquarters are located near Cincinnati in Highlands Heights, Kentucky. The company currently employs about 680 people at its Claremont facility in Catawba County, a 1.2 million-square-foot manufacturing operation where it produces both the glass used inside fiber optic cables and the
Prysmian Acquires Scottish High-Voltage Cable Jointer Training Centre
Prysmian has acquired a high-voltage cable jointer training facility in North Ayrshire, Scotland, bringing more than 20 apprentice jointers and the centre's training staff into the company as it strengthens workforce capabilities for underground and subsea transmission projects.The Scotland-based academy will become part of Prysmian's training and installation network, supporting the development of specialist cable jointing skills for installation and inspection, maintenance and repair (IMR) operations in the UK and across Europe.According to Prysmian, the facility will help ensure the availabil
SMD, Prysmian Advance Power Cable Installation with New Plough
SMD has delivered the first of two heavy-duty power cable ploughs to Prysmian for deployment on the company's new-generation cable laying vessels (CLVs).The second system is scheduled for delivery later this year. The ploughs will be mobilized on Prysmian Alessandro Volta and Prysmian Mona Lisa CLVs.The systems are designed to bury conventional multi-core power cables, bundled two-pole power cables and quad bundles at depths of up to five metres below the mean seabed level.SMD said the ploughs combine Prysmian's experience in submarine power cable design and offshore installation with SMD's
Siemens Energy Delivers All 14 Transformers for UK-Germany Energy Link
from Siemens Energy’s factories in Nuremberg via barge and ship before being moved by road to the project sites.NeuConnect said construction of converter station buildings in both countries has reached full height, while more than 300 km of subsea cabling has now been laid.Main contractor Prysmian has laid more than 300 km of subsea cabling in total, with all cabling now in place in UK waters and works continuing in Dutch waters.“The delivery of all 14 transformers was a huge task and completes another important milestone in this vital new energy link. With the construction of our onshore
Iberdrola Awards $4B Contracts for UK Subsea Power Link
Iberdrola has awarded contracts to Siemens Energy and Prysmian, worth more than $4 billion (€3.5 billion), for the development of the Eastern Green Link 4 subsea electricity interconnector between Scotland and England.Under the agreements, Siemens Energy will supply two high-voltage direct current converter stations, while Prysmian will provide more than 640 kilometers of cable, most of it subsea.The project, being developed through Iberdrola’s UK subsidiary SP Energy Networks, will link Fife in Scotland with Norfolk in England using HVDC technology, enabling efficient long-distance electrici
Prysmian to Buy ACSM Subsea Cable Company
Italy's cable maker Prysmian plans to buy Spain-based ACSM, a submarine cable installation company, in a 169-million-euros ($198 million) deal, it said on Friday.The world's largest cable maker said the transaction will be funded using cash from its balance sheet and is expected to close by February.The acquisition will bring subsea surveying, seabed preparation and installation capabilities in-house, it said.Prysmian completed two major acquisitions in the last years, both in the U.S., finalising a $1.15 billion deal for Channel in 2025 and acquiring Encore Wire for about $4.2
Prysmian, Fincantieri to buy Xtera in Subsea Telecom Cables Push
A Prysmian-led joint venture with Fincantieri has signed an agreement to acquire Xtera Topco Limited, a UK- and US-based provider of turnkey subsea telecom systems, in a move that expands Prysmian’s presence beyond energy cables into subsea telecommunications.The acquisition will be carried out by a joint venture between Prysmian, which will hold an 80% stake, and Fincantieri, which will own the remaining 20%. The deal implies an enterprise value of $65 million and is expected to close in the first quarter of 2026, subject to regulatory approvals.Xtera is being acquired from an affiliate of H.I.G.
Prysmian Completes Cable Laying for Canary Islands Interconnector
Prysmian’s cable laying vessel (CLV) Cable Enterprise has completed the installation of subsea cables for a new electrical interconnection between Tenerife and La Gomera, Spanish grid operator Red Eléctrica said.The double-circuit cable laying began on August 29 with two crossings from San Sebastián de La Gomera to Punta Blanca in Tenerife, ahead of schedule thanks to favorable sea conditions, the company said. The full infrastructure is expected to be completed by the end of 2025.The 36-km subsea section reaches a maximum depth of 1,145 meters, making it the world’s deepest
Deugro Delivers 58 Kilometers of HVAC Subsea Cables for Interconnector Project
As part of the Cyclades IV Interconnector Project, deugro Milan delivered 58 kilometers and 3,550 metric tons of Prysmian HVAC subsea cable from Prysmian’s factory in Finland to the transshipment port Heraklion on the Island of Crete in Greece.The Cyclades Project is an HVAC interconnector project, connecting the Southern and Western Cyclades with the mainland grid. deugro’s scope of work encompassed the provision of a 23-meter-diameter carousel spread, along with engineering services, cable spooling, relevant personnel and all associated activities to guarantee safe and efficient
August 2026
