# Prysmian to invest R$50 million upgrading Vila Velha umbilical plant

Prysmian plans to complete by early 2024 the adaptation of its Vila Velha umbilical plant to meet Petrobras demand, at a budgeted investment of R$50 million.

- Type: Expansion
- Announced: 2023-12-15
- Where: Vila Velha, Espírito Santo, Brazil
- Value: $10.2M (50.0M BRL)
- Status: under construction
- Products: electro-hydraulic umbilicals
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Prysmian](https://endata.com/companies/968.md)

## Sources

- [folhavitoria.com.br](https://www.folhavitoria.com.br/folha-business/prysmian-firma-contrato-de-r-530-milhoes-com-petrobras-e-vai-acelerar-producao-em-vila-velha/), 2023-12-15: "O grupo italiano pretende concluir até o início de 2024 a adequação de sua planta de umbilicais para atender a essa demanda– um investimento orçado em R$ 50 milhões."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.