Turnover: 16 billion EUR (2022)
Country: Italy
Prysmian Group is an Italian multinational established in 2005, following the sale of Pirelli Cavi, a subsidiary of Pirelli, to Goldman Sachs.
With 56 industrial sites worldwide, the company is the undisputed market leader in electrical and telecommunications cables.
In France, this behemoth produces 25 million kilometers of glass reforms per year, an essential component of optical fiber (see section 4. Offer analysis).
News
Draka Comteq, a Prysmian subsidiary, closes its Calais site 25/11/2023
- The Draka Comteq plant in Calais employs 82 people.
- The closure of the plant was announced on November 20.
- The plant's activity has decreased by 20% per year since 2022.
- Another Prysmian entity in Douvrin (Pas-de-Calais) employs over 350 people.
- The Prysmian group has over 50 countries, 112 operating sites and 29,000 employees.
- Prysmian Group sales exceed 11 billion euros.
The cable industry weakened by rising energy and raw material costs 11/08/2023
- There are some fifteen cable manufacturers in France.
- These manufacturers operate some fifty plants across the country.
- The sector employs some 7,000 people in France.
- Sales by Sycabel members have risen by 10% to reach 3.8 billion euros in 2022.
- Excluding submarine cables, sales are up by 3%.
- Energy and raw materials account for up to 80% of cable production costs.
- Business in fiber optic cables is expected to decline by 20% in 2022, due to the slowdown in the roll-out of very high-speed broadband.
- France is capable of supplying all the country's cable needs, and exports a third of its production.
Prysmian doubles its production capacity for recyclable cables in the Yonne region of France 20/06/2023
- Sharp increase in transmission and interconnection requirements.
- Production capacity: Doubled for the new P-laser ecological cable.
- Investment: 61 million euros
- Prysmian World leader in the manufacture of cables and systems for energy and telecommunications
- Prysmian Group figures :
- 108 industrial sites (including 10 in France)
- 30,000 employees
- Sales of 16 billion euros by 2022 .
Prysmian Group recently acquired Silec Cable, via the takeover of General Cable, giving it two of the three fiber optic production plants in France.
Studies mentioning this company
The fibre optic market - France
Other companies mentioned:
- Prysmian Group
- Acome
- Silec Cable (groupe Prysmian)
- Orange Groupe
- SFR Business
- Bouygues Groupe
- Free (Iliad)
- Covage (Altitude groupe)
- Altitude Infra
- Axione
- Jenoptec
- Nordnet (Orange Groupe)
- Vialis
- Ozone
- Sewan
- Coriolis Telecom
- Adista - Inherent
- Netalis
- Celeste Telecom
- Keyyo
- K Net
- TDF Infrastructures
- Verre Fluoré
- Altitude Infra
- Deepomatic
- Ecouter Voir
The copper market - France
Other companies mentioned:
- BHP Billiton
- Aurubis (Richmond)
- Nexans groupe
- Silec Cable (groupe Prysmian)
- Reynolds Cuivre France
- Prysmian Group
- Lebronze alloys
- Nyrstar