# Prysmian Group invests €120M to expand submarine cable capacity in Pikkala, Finland

Prysmian Group announced a €120 million investment in its Pikkala, Finland plant to increase production capacity of 525 kV HVDC submarine cable systems, adding to the €100 million invested in 2022. The new VCV lines will more than double existing capacity by 2026.

- Type: Expansion
- Announced: 2023-06-01
- Where: Pikkala, Finland, Finland
- Value: $131.0M (120.0M EUR)
- Starts operating: 2026
- Status: announced
- Capacity: more than double existing production capacity of 525 kV extruded submarine cables and 400 kV AC cables
- Products: 525 kV HVDC submarine cable systems, 400 kV AC cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [prysmian.com](https://www.prysmian.com/en/media/press-releases/pikkala-investments), 2023-06-01: "The investment is part of the around €500 million capex per year that the Group is implementing to support the energy transition, electrification and digitalisation processes, which require the upgrade of power grids and telecom networks."
- [wireworld.com](https://wireworld.com/wirenews/prysmian-to-raise-120m-for-finnish-factory-expansion.html), 2023-06-05: "Prysmian is launching a new investment of around €120m in its factory in Pikkala, Finland."

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