Prysmian Group, world leader in the energy and telecom cable systems industry, is moving ahead with its project for a new submarine power cable plant in the United States. Prysmian Group and CDC Commercial Development Company announces the signing of the contract for the purchase by Prysmian of the site identified in Brayton Point (Massachusetts). The final acquisition of the site is subject to securing state permits for the construction of the new plant. Prysmian Group’s total investment to build the new plant will amount to around $200 million.
Prysmian Group: new submarine cable plant in the USA