Prysmian Cable & Sytems

Italy-based company Prysmian Cables & Systems, a producer of electrical cables for land, submarine and overhead applications, has opened a new medium and high voltage cable plant in Rybinsk, Russia.

After the acquisition in 2009 of Rybinskelectrocabel, Prysmian's expansion in Russia continued following the merger between Prysmian and Draka, with the integration in 2011 of the St Petersburg's Neva Cable factory, which makes telecom copper and optical cables.

The $55 million investment in the new plant will add 10,000 tonnes of production capacity, bringing the total potential production of Rybinskelectrocabel to 25,000 tonnes per year. The plant will employ more than 300 people, adding 100 to the existing 220 currently working on the site. 

07 October 2013
55.0 mln
Jobs: 300
Yaroslavl region

Investor profile

Prysmian Cable & Sytems

Milan, Italy

T: +39 02264491

Contact: Mr Valerio Battista, Chief Executive Officer