The Prysmian Group is an Italian multinational corporation headquartered in Milan that manufactures electric power transmission and telecommunications cables and systems. It is the largest manufacturer of cables in the world measured by revenues.
Prysmian Group has sales of over €11 billions and about 30,000 employees across 50 countries, 112 production plants and 25 Research and Development centres.
|Società per azioni|
|Traded as||BIT: PRY|
FTSE MIB Component
|Founded||Milan, Italy (8 February 2011)|
|Valerio Battista (CEO), Massimo Tononi (Chairman)|
|Products||Telecommunications and Electric power cables|
|€711 million (2016)|
|€262 million (2016)|
|Total assets||€5.702 million (2016)|
|Total equity||€1.653 million (2016)|
Number of employees
Prysmian Srl was created by Goldman Sachs from the cables and systems division of Pirelli & C. S.p.A.. Goldman Sachs signed an agreement on 1 June 2005 to purchase the two companies who made up the division: Pirelli Cavi e Sistemi Energia S.p.A. and Pirelli Cavi e Sistemi Telecom S.p.A. The transaction was completed on 28 July 2005, after regulatory approval by the relevant antitrust authorities.
Draka was founded in 1910 by Jan Teewis Duyvis as Hollandsche Draad & Kabel Fabriek. In 1970, Draka was acquired by Philips and became part of the Philips' Wire and Cable division. Through a buyout financed by Parcom and Flint Beheer, Draka became independent in 1986 at which point the name Draka was born. It formerly had a joint venture with Alcatel-Lucent for manufacturing optical fibre, but bought out its partner's 49.9% stake for €209 million in December 2007.
Prysmian Group was created in 2011 through the merger of Prysmian and Draka. In 2009, Italian cable manufacturer Prysmian made a takeover offer for Draka, but doubts began to emerge in August. Prysmian called off the takeover talks in early September. In October 2010, French cable maker Nexans made a €15/share offer to buy the 43.9% of the company held by Flint Beheer, an investment fund owned by the wealthy Fentener van Vlissingen family. Nexans indicated that it would sell off Draka's telecommunications activities. However, Draka rejected Nexans' offer, and on 22 November 2010 instead accepted Prysmian's new offer of €17.20/share (9.1x EBITDA). Prysmian intended to integrate Draka's operations into their own, rather than breaking it up; integration costs are estimated at €170 million over three years. The merger of Prysmian and Draka, and the integration of the two market-leading companies, culminated in the creation of the world's largest cable maker by revenue, the Prysmian Group.
In December 2017, Prysmian acquired General Cable in $3 billion deal which was finalized on June 6, 2018.
Bridon Ropes, also known as Bridon International Ltd is a manufacturing company in Doncaster in South Yorkshire that makes wire rope. It is now part of the Belgium-based Bekaert company. The name Bridon originates from the concatenation or contraction of the words British and Doncaster; it is not a family name.Cometa (HVDC)
COMETA (abbreviation for COnexión MEditerránea Transporte Alta tensión; also known as the Majorca–Valencia interconnector and the Romulus project) is an undersea electric power transmission system between mainland Spain and the island of Majorca. It connects Morvedre near Valencia and Santa Ponsa near Palma de Mallorca. The project was developed by Red Electrica de España. The project aims were to connect the Baleric Islands with the Spanish peninsular grid, providing a better electrical supply to the two isolated Balearic grids.General Cable
General Cable is a company based in Highland Heights, Kentucky, with sales offices and manufacturing facilities in several countries. General Cable manufactures and distributes copper, aluminum, and optical fiber cables, for energy, construction, industrial, specialty and communications sectors. In December 2017, Prysmian acquired General Cable in $3 billion deal which was finalized on June 6, 2018.Global Marine Systems
Global Marine Group is a specialist provider of installation, maintenance and repairs of submarine communications cable for the telecommunications, oil & gas and deep sea research industries.
Global Marine provides engineering and underwater services in response to the subsea cable installation, maintenance and burial requirements of their customers around the world. With a fleet of vessels, ROVs and specialised subsea trenching and burial equipment, Global Marine works in the Oil & Gas, Telecom and Deep Sea Research sectors.
Global Marine, the legacy of Cable & Wireless Marine and British Telecom Marine, was purchased by Global Crossing in 1999, at which time it received the name it carries today. In 2004 Global Marine Systems was purchased by Bridgehouse Marine and was completely restructured. In September 2014 Global Marine was acquired by HC2. Historically, the company has a legacy of over 160 years of cable installation, stemming from the first telegraph cables laid in the 1850s.Global Marine has a worldwide presence, with offices in Chelmsford, UK and Singapore; Depots in Portland, UK; Bermuda; Vancouver, Canada; Batangas, Philippines and Batam, Indonesia; Ships stationed around the world to support both installation of new cables and maintenance/protection of existing cables; and joint ventures with China Telecom and Huawei.Since 2002 Global Marine has become increasingly active in the installation of submarine power cables and gained significant market share in the European Offshore Renewables market, in addition to undertaking a number of large power interconnect projects. The company was responsible for installing the cables connecting the turbines on a host of windfarm projects including Blythe (one of the first trial farms), Horns Rev 1 (the first major commercial windfarm in Denmark), Thornton Bank, Kentish Flats and others. To support this business Global Marine formed a subsidiary in 2011 called Global Marine Energy. The development of the energy business included the opening of a new office in Middlesbrough and the construction of a specialist vessel, Cable Enterprise. The subsidiary company was sold to Prysmian Group, the world’s largest cable manufacturer at the time of sale, in September 2012.
Global Marine today focuses primarily on supporting the telecoms, oil & gas and deep sea research markets.IFA-2
IFA-2 (also Interconnexion France-Angleterre 2) is a proposed electric interconnector cable between France and the United Kingdom.
The HVDC cable will be 204-kilometre (127 mi) long, operating at +/-320kV, and with a capacity to transmit 1,000 MW of power.The project is being developed by IFA2 SAS, a joint venture between UK National Grid and RTE of France.J. L. Eve Construction
J. L. Eve Construction was a civil engineering company from south London.List of HVDC projects
This is a list of notable high-voltage direct-current power transmission projects.
HVDC projects for long-distance transmission have two (or rarely, more) converter stations and a transmission line interconnecting them. Generally overhead lines are used for interconnection, but an important class of HVDC projects use submarine power cables. A back-to-back station has no transmission line and connects two AC grids at different frequencies or phase counts. Historical HVDC systems used the Thury system of motor-generators but these have all been made obsolete by later developments such as mercury-arc valves, thyristors, and IGBT power transistors.List of Italian brands
This is a list of Italian brands, which encompasses brand-name products and services produced by companies in Italy.List of companies of Italy
Italy is a unitary parliamentary republic in Europe with the third largest nominal GDP in the Eurozone and the eighth largest in the world. As an advanced economy the country also has the sixth worldwide national wealth and it is ranked third for its central bank gold reserve. Italy has a very high level of human development and it is sixth in the world for life expectancy. The country plays a prominent role in regional and global economic, military, cultural and diplomatic affairs, and it is both a regional power and a great power. Italy is a founding and leading member of the European Union and the member of numerous international institutions, including the UN, NATO, the OECD, the OSCE, the WTO, the G7, G20, the Union for the Mediterranean, the Council of Europe, Uniting for Consensus and many more. As a reflection of its cultural wealth, Italy is home to 54 World Heritage Sites, the most in the world, and is the fifth most visited country.List of electrical cable manufacturers
This table shows the biggest manufacturers of cable in terms of revenue as of 2010. The revenues noted here are total revenue of the group as reported in financial statements. These may not represent the revenues from their cable business.
According to Integer Research the 2016 Top 30 rankings, based on insulated wire and cable revenues in US$ is as follows:
Rea Magnet Wire
Shanghai ShenghuaList of largest European manufacturing companies by revenue
The following is a list of the largest European manufacturing companies, ordered by revenue in billions of US Dollars.Nexans
Nexans S.A. is a global player in the cable and optical fiber industry headquartered in Paris, France.
The group is active in four main business areas: buildings and territories (construction, local infrastructure, smart cities / grids, e-mobility), high voltage and projects (offshore wind farms, subsea interconnections, land high voltage), data and telecoms (telecom networks, data transmission, FTTx, LAN cabling, hyperscale data centre solutions), industry and solutions (renewable energies, petroleum, railways and rolling stock, aeronautical and automation).
It is the world's second largest manufacturer of cables after Prysmian S.p.A.. In 2017, the Group had industrial presence in 34 countries with over 26,000 employees and sales of around €6.4 billion. Nexans was founded in 2000 as a business unit of the telecommunications firm Alcatel after its acquisition of a number of companies in the cable sector. It was spun out and listed on the Paris stock exchange the following year. It is currently listed on Euronext Paris, Compartment A.Pylons of Messina
The Pylons of Messina are two free-standing steel towers, the Sicilian one in Torre Faro and the Calabrian one in Villa San Giovanni. They were used from 1955 to 1994 to carry a 220 kilovolt (150 kilovolt until 1971) power line across the Strait of Messina, between the Scilla substation in Calabria on the Italian mainland at 38°14′42″N 15°40′59″E and the Messina-Santo substation in Sicily at 38°15′57″N 15°39′04″E.Thanet Wind Farm
The Thanet Wind Farm (also sometimes called Thanet Offshore Wind Farm) is an offshore wind farm 7 miles (11 km) off the coast of Thanet district in Kent, England. On commissioning it was the world's largest offshore wind farm. It has a nameplate capacity (maximum output) of 300 MW and it cost £780–900 million (US$1.2–1.4 billion). Thanet is one of fifteen Round 2 wind projects announced by the Crown Estate in January 2004 but the first to be developed. It was officially opened on 23 September 2010, when it overtook Horns Rev 2 as the biggest offshore wind farm in the world. It has since been overtaken by many others (medio 2017 it ranks 14th).Zone 9 of Milan
The Municipality 9 of Milan (in Italian: Municipio 9 di Milano) is one of the 9 administrative zones of Milan, Italy. It corresponds to the northern area of the city.
It was created on 5 March 1999 by the union of the previous Zones 2 (Centro Direzionale, Greco, Zara), 7 (Bovisa, Dergano), 8 (Affori, Bruzzano, Comasina) and 9 (Niguarda, Bicocca). On 14 April 2016, in order to promote a reform on the municipal administrative decentralization, the City Council of Milan established the new Municipality 9, a new administrative body responsible for running most local services, such as schools, social services, waste collection, roads, parks, libraries and local commerce.
FTSE MIB companies of Italy