Prysmian Slatina plans to export 50% of the cables produced at the new unit.
The company estimates the unit will produce 1.5 million kilometers of fiber optic cables starting this year, and will double its capacity in the next two years.
Company officials said the new unit is part of an investment plan worth over EUR50 million to be allocated in the upcoming period.
Prysmian Cabluri si Sisteme in Slatina, southern Romania, was formerly known as Pirelli Romania Cabluri si Sisteme taken over in 2005 by investment bank Goldman Sachs, which acquired the entire global division of cables and systems of Italy’s Prysmian.
Prysmian Slatina is part of Italian Prysmian group, a leading player in the industry of high-technology cables and systems for energy and telecommunications, which has 56 plants in 21 countries.