The global reach of the Italian telecommunication giant Prysmian
The Italian company will build a new 127-mile subsea power link between Great Britain and France
The Italian telecommunication giant Prysmian has been awarded the £300 million contract for a new 127-mile subsea power link between Great Britain and France and it will produce and position hundreds of miles of high-voltage direct current (HVDC). UK's National Grid and French RTE chose the Milan-based Prysmian for the design, manufacture and installation of cabling for the IFA2 submarine interconnector, which will run across the seabed from Hampshire to Normandy.
With a revenue of almost 8 million Euro, about 21,000 employees and 91 production plants across 50 countries, Prysmian is the largest cable maker in the world, a position it is likely to maintain for many years thanks to its huge investments in R&D: currently, the Italian company runs 17 centres for studying advanced technology.