# Prysmian Group invests $85M in North American telecom cable plants

Prysmian Group announced an $85 million investment in equipment and technology upgrades at its North American plants, primarily at the Claremont, North Carolina facility to expand optical fiber production. The Claremont facility will add up to 70 new jobs, growing to 620 employees.

- Type: Investment
- Announced: 2021-08-23
- Where: Claremont, North Carolina, United States
- Value: $85.0M
- Jobs: 70
- Status: announced
- Products: optical fiber, optical fiber cable, FlexTube, ezMicroduct
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [accessnewswire.com](https://www.accessnewswire.com/newsroom/en/utilities/prysmian-group-investing-to-support-broadband-development-and-5g-in-north-america-660910), 2021-08-23: "Prysmian Group is committed to support the growth necessary to expand access to high-speed broadband in North America."
- [apnews.com](https://apnews.com/press-release/accesswire/technology-canada-business-north-america-d01ec9c8cfe7faec60dec17744e055ab), 2021-08-23: "Prysmian Group announced today it is investing $85 million in major equipment and technology upgrades at plants in North America, enabling the company to meet growing production needs for telecom customers."
- [prysmian.com](https://www.prysmian.com/en/media/press-releases/prysmian-group-announces-100m-dollars-investment-in-the-us-for-the-upgrade-of-power-cables-production-capacity-to-match-the-increasing-demand-from-utilities-and-tso), 2021-10-07: "The Group is fully committed to support the development of next generation power transmission and distribution grids for the energy transition in North America"

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