Abbeville (PalmettoTimes) – Prysmian Group North America recently announced on Wednesday their plans to invest approximately $14 million into their Abbeville operations. The Prysmian Group is a producer of electrical cables, but they have recently begun to expand into the renewable energy and wind farm markets. The expansion of their Abbeville operations is part of this expansion process, and is part of an ongoing trend of serving the growing renewable energy market.
According to their press release, Prysmian reports that their investment will add to their Abbeville facility and to purchase additional equipment to serve the needs of renewable energy projects. The Abbeville facility, which is located at S.C. 28, was among the first facilities to produce extra high voltage cables on the North American continent, and Prysmian is committed to expanding their high-tech, high value added sector, their press release reported.
News of Prysmian’s investment and expansion has attracted plenty of local support in Abbeville, including Gov. Henry McMaster and Council Chairman Bryan McClain. Both men expressed their support for Prysmian’s operations, and shared their optimism in producing additional jobs in the Abbeville community.
The announcement this Wednesday highlights the second expansion of Prymian’s Abberville plant since the past year. Last July, Prysmian reported that it had spent $1.9 million, and created five jobs.
The plant was originally opened in 1964, and remains the only “Vertical-Continuous-Vulcanization” manufacturing line on the North American continent. This facility is also housed in a 373 foot tall tower built back in 2009, and is currently the tallest structure in South Carolina.
Prysmian North America is part of the Italy-based Prysmian Group. The soon-to-be-expanded Abbeville plant is one of the 10 North American assets for the Prysmian Group, which invested around $20 million in upgrades and expansions for their South Carolina facility.
The Prysmian Group has assets and operations in 50 countries, and employs around 19,000 personnel.