Prysmian’s Investment in Lexington
Overview:
- Company: Prysmian, a global fiberoptic cable manufacturer.
- Investment: $80 million into its Lexington facility.
- Job Creation: Over 130 new jobs by 2030.
Details of Expansion:
- The expansion is aimed at enhancing production of the FlexRibbon fiber optic cable.
- It underscores Prysmian’s involvement in the growing data center construction market.
Governor’s Remarks:
- Governor Henry McMaster commended Prysmian for its continued investment in South Carolina, emphasizing the new job opportunities.
Larger Initiative:
- The Lexington investment is part of a wider $1 billion investment plan across three states:
- Claremont, N.C.: $1.07 billion
- Jackson, T.N.: $100 million
- Anticipated creation of 485 jobs at these facilities.
Company Background:
- Prysmian was formed in 2005 after acquiring Pirelli’s cable operations.
- The Lexington facility has seen multiple expansions since its acquisition.
Statement from Leadership:
- Andrea Pirondini, CEO of Prysmian North America, highlighted the significance of this investment in supporting the U.S. demand for advanced digital solutions, noting Prysmian’s role as one of the few U.S. fiber and optical cable manufacturers.
This investment by Prysmian not only boosts local employment but also strengthens the company’s production capabilities in response to market demands.
