Prysmian Group Expands Lexington County, South Carolina, Headquarters
10/11/2017
“Over the years, the manufacturing industry has grown dramatically throughout the State of South Carolina, creating a unique ecosystem in our region that attracts top-tier talent. As a global leader in innovation, Prysmian Group plans to continue investing in the talent and manufacturing opportunities in South Carolina and beyond,” said Prysmian Group North America CEO Hakan Ozmen.
According to company officials, in May 2017 Prysmian Group announced plans to make significant investments throughout North America. The investments will allow the company to execute a three-year, $300 million contract to aid Verizon in the development of its 5G and new broadband networks. Under this agreement, Prysmian Group will supply nearly 11 million miles of ribbon and loose tube cables.
The Lexington County expansion is part of that North American investment and, once completed, will make the facility Prysmian’s top producer of fiber cable in the world. This project complements two additional South Carolina investments, which the company announced earlier this year.
In July, Prysmian announced a $14 million investment in its Abbeville facility to fulfill future renewable energy projects. In August, the company broke ground on a new research and development center expansion in Lexington, bringing additional industry experts from around the world to South Carolina.
As an incentive, the Coordinating Council for Economic Development has approved job development credits related to this project.
“Prysmian continues to demonstrate a strong commitment to the State of South Carolina, and we couldn’t be more proud to see them thriving here. By announcing their third expansion this year, this company is making a statement that our workforce, infrastructure and pro-business environment are ‘Just right,” said Governor Henry McMaster.
“South Carolina offers businesses a strong foundation on which to build success, and Prysmian Group’s decision to further expand their operations here is another indication of that fact. We are proud of the partnership that the State of South Carolina has cultivated with this great company,” said Secretary of Commerce Bobby Hitt.
Project Announcements
Geartek Expands Corinth, Mississippi, Production Operations
05/03/2024
Bekaert Expands Van Buren, Arkansas, Production Operations
05/03/2024
ESS Technologies Expands Montgomery County, Virginia, Operations
05/02/2024
Martin’s Famous Potato Rolls and Bread Expands Franklin County, Pennsylvania, Operations
05/02/2024
StandardAero Expands Augusta, Georgia, Operations
05/02/2024
Nextracker-JM Steel Expand Leetsdale, Pennsylvania, Operations
05/01/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024