The company cut its loss to RON19.6 million (EUR3.9 million) in 2024, from a net result of RON31.4 million (EUR6.3 million) reported in 2023, per public data. Prysmian Cabluri si Sisteme had an average number of 1.247 employees in 2024.
The company at end-February 2024 started works on a new production line for medium voltage electrical cables, at its factory in Slatina.
The project represents a direct investment of EUR23 million, for a three-year period, and will increase the plant’s capacity by 12,000 tons/year of medium voltage electrical cable, according to the company’s representatives.