MILAN, 31 July 2008 – Prysmian Cables and Systems, a worldwide leading group in the sectors of cables and systems for energy and telecommunications and one of the largest Italian companies present in China, has facilitated a high value project for the Beijing 2008 Olympic Games, developing the High Voltage Power Grid to supply energy to the Olympic Village. Under the commitment of China State Grid, Prysmian commissioned 20km of high voltage cables at 220kV to supply energy to the village that covers over 66 hectares of land.
Prysmian’s stamp will also be on the International Broadcasting Centre, from which RAI Television, Italy’s premier television company, will be transmitting footage from the Olympics. The Group has in fact cabled RAI’s entire broadcasting centre, providing connections of a high technical level capable of ensuring the highest quality of transmissions. Prysmian has supplied all the passive media and LAN cables under RAI’s specifications, including: broadcasting cabling and connectors for media transmission; audio cabling and connectors; UTP CAT 5E & CAT 6 cabling for LAN connectivity; MMF fibre cabling for broadcast backbone and broadband transmission, and RF radio frequency cabling and connectors.
Prysmian is one of the Italian companies with the biggest presence in China, where it has 5 manufacturing plants and over 1000 employees. Prysmian has recently opened a new plant in Beijing and presented an ambitious development plan outlining its activities in China, which aim to achieve growth of about 50% of its business by 2010 and foresees further investments to increase production capabilities. The total value of the investments Prysmian has made in China over the last few years and those foreseen in the plan is predicted to be over 100 million euros.
Other important Chinese projects which Prysmian is involved in include, the development of a new high voltage power grid in Shanghai, the cabling of the Beijing underground and the development and installation, on behalf of the China Nuclear Power Engineering Company, of special high technology cables for two nuclear power stations being built in the provinces of Liaoning and Fujian.
Prysmian in China
The Prysmian Group ranks among the top Italian multinational groups in China, with a turnover of around 150 million euro. Formerly Pirelli Cavi, Prysmian’s presence in China dates back to 1997 with the opening of its first Joint Venture manufacturing company. Headquartered in newly opened offices in Beijing, in China Prysmian currently employs around 1000 people in its 5 manufacturing plants, located in Tianjin (special cables for Industrial applications); Baoying in Jiangsu Province (market leader in High Voltage cables and systems); Wuxi, also in Jiangsu, (Optic and Copper cables for Telecommunications). Moreover, Prysmian Shanghai Trading imports and distributes Prysmian’s leading range of cable accessories for MV and HV cables.
The Prysmian Group
A leading player in the industry of high-technology cables and systems for energy and telecommunication, the Prysmian Group is a truly global company with sales exceeding 5 billion euro in 2007 and a strong position in higher-added value market segments. With its two business, Energy Cables & Systems (submarine and underground cables for power transmission and distribution, for industrial applications and for the distribution of electricity to residential and commercial buildings) and Telecom Cables & Systems (optical cables and fibres and copper cables for video, data and voice transmission), Prysmian boasts a global presence with subsidiaries in 36 countries, 54 plants in 21 countries, 7 Research & Development Centres in Europe, USA and South America, and over 12,000 employees. Specialising in the development of products and systems designed to meet clients’ specific requirements, Prysmian’s key strengths include: a focus on Research & Development, the capacity to innovative on products and production processes, and the use of advanced proprietary technologies. Prysmian is listed on the Milan Stock Exchange Blue Chip index.
Ph. 0039 02 6449.1
Ph. 0039 02 6449.1