Former Pirelli Cables & Systems renamed Prysmian Cables & Systems
Oct. 18, 2005 - Move follows acquisition by Goldman Sachs Capital Partners last July.
The former Pirelli Cables & Systems has now been renamed as Prysmian Cables & Systems.
The move was made following Pirelli Cables & Systems' acquisition by Goldman Sachs Capital Partners on July 28.
Prysmian will continue to operate and develop its business in the two core cable sectors of telecoms and energy, continuing a history of more than 130 years of activity in these markets.
The company will maintain its existing product portfolio which covers the full range of energy cable products - from very high voltage cable for submarine and terrestrial installation through to industrial applications including amongst others OGP, mining, shipping and railways. The telecoms portfolio features a full range of optical cables and fibers together with conventional copper and xDSL cable products.
Prysmian recently announced the opening of a new facility in Brazil which will produce umbilical cables for the offshore power industry.
"Our strategy is to continue working as an innovative partner of all of our customers, continuing to develop new and better products for them," says Valerio Battista, CEO of Prysmian. "We operate in a complex and changing market environment and we will continue to strive for excellence in both the products and services which we provide to our clients."
Prysmian Cables & Systems operates in five continents with 52 production units and employs 12,500 people in more than 20 countries. For more information visit www.prysmian.com.