5/14/2021: The Prysmian Group will display its commitment to Diversity & Inclusion through its first Global eNclusion Week, a five-day digital event that will take place from 17 to 21 May, featuring a series of digital panels and workshops on the importance and advantages of building diverse and inclusive workspaces. The program will focus on four main themes: Gender Diversity; Diversity & Inclusion in all its forms; Inclusive Culture in the workplace; and Generational D&I.
The Global eNclusion Week opens Monday, May 17, with remarks from Fabrizio Rutschmann, Prysmian Group CHRO, followed by speeches by: Valerio Battista, Prysmian Group CEO; Mimi Kung, Prysmian Group Independent Board Member; Eric Rondolat, Signify CEO; Sabrina Ritossa Fernandez, Sycomore Asset Management; Maria Cristina Bifulco, Chief Sustainability Officer & IR Director Prysmian Group; and Massimo Battaini, Prysmian Group COO. The Global eNclusion Week will offer the opportunity to know more about how countries, companies and associations are promoting Diversity & Inclusion around the world.
To register for the event, use this address: https://twitter.com/PrysmianGroup/status/1390264163780505600/photo/1
With the participation of an international and multicultural community, this initiative will feature one week of events open to everyone, where speakers from different industries and with different background will share their knowledge and best practices related to Diversity & Inclusion.
“We strongly believe that leveraging on gender, age and cultural diversity means creating more value and we are constantly building a work environment where all our employees can feel understood, respected and included, just as they are. This event is more than an aspiration: it is a necessity, or better, a business case for a Group that has to work with customers, suppliers and shareholders with different backgrounds and cultures. In order to improve this approach, it is necessary to raise awareness and build a positive dialogue, which can contribute to advancing the Group’s corporate culture," said Fabrizio Rutschmann, Chief HR Officer Prysmian Group.
Prysmian Group's goal is to further enhance its human capital, which can be found in its some 28,000 employees worldwide. The increase in the percentage of women, both among white-collar workers and at the level of top managers, is among the sustainability parameters to which the payment of the company managers’ variable remuneration has been linked.
As evidence of the strategic importance of gender and cultural diversity, Prysmian has also set up a new global Diversity & Inclusion Steering Committee, tasked with overseeing the achievement of the objectives that the Group has set itself. The Diversity & Inclusion Steering Committee has the responsibility to define D&I objectives at each organizational level and support the definition of the actions to achieve and to promote a cultural change to facilitate Diversity & Inclusion within the work environment. The Committee is composed by Prysmian Turkey Human Resources Director Aysun Kalmik, acting as Leader, and Product Development Manager of the Lincoln (Rhode Island) plant Prasha Sarwate, as Deputy Leader.
In order to improve the gender balance in its workforce, the Group has committed to achieving the following Diversity & Inclusion objectives by 2022:
• Ensuring 40% of women hired (female white collars hired with a permanent contract) on total hirings (34% in 2020 compared to 30% in 2016);
• Increasing from 21.9% to 25% the percentage of women managers (from junior to top positions);
• Improving gender balance with regard to executive positions: from 6% in 2016 to 18% in 2022.
In addition, fundamental indicators (e.g., security) have been implemented in all the Groups’ 104 plants.
Prysmian Group believes in the value of individuals, backgrounds, leadership styles and attitudes because each person has the potential to generate value to the Company. Its global footprint enables the Group to promote an inclusive environment, encouraging the development of corporate culture and identity. Side by Side is Prysmian Group’s project that promotes Diversity & Inclusion across the organization.
4/6/2021: The Prysmian Group will supply 770 km of submarine telecom cables for the Norte Conectado project—awarded by RNP, Rede Nacional de Ensino e Pesquisa, a Brazilian Internet provider—that will connect the city of Macapá to Santarém and Alenquer, which are located in the north of the Amazon region.
A press release said that Prysmian will provide its widely used MINISUB of repeaterless, optic submarine cables. They have a high fiber count that will be deployed in four separated links, enabling a reliable flow of data traffic to 9.2 million households. The project will enable connectivity cross 59 municipalities in northern Brazil, and makes it possible to extend it to other Amazonian countries. The cables will be produced at Prysmian’s plant in Nordenham, Germany, and delivered in the second half of 2021.
“We are honored to contribute to this valuable project and support sustainable development by improving the data connectivity for the local communities and public institutions,” said Prysmian Group Submarine Telecom BU Director Ashutosh Bhargavas. “Prysmian has been operating in Brazil for more than 90 years and is in the unique position to serve its customers directly from there.”
Two transmission system operators—TenneT TSO GmbH and 50Hertz Transmission GmbH—have awarded contracts to the Prysmian Group and NKT GmbH to supply a total of 1,000 km of 525kV underground power cable for the 2-GW SuedOstLink transmission line in Germany.
When completed, the SuedOstLink will be the world’s first large commercial 525 kV XLPE high-voltage DC 2GW transmission line. The initiative is part of German corridor projects to significantly increase renewable energy supply in the country. The overall project, being funded within the EU’s Connecting Europe framework, will see TenneT and 50Hertz investing some €5 billion.
“The underground cables are the heart of SuedOstLink,” said TenneT Managing Director Tim Meyerjürgens. “We will use the innovative, plastic-insulated 525 kV underground cables for the first time worldwide, and will thus set new standards in technology and the reduction of environmental impact.” He noted that with the higher voltage level, the cables can transmit more power than a conventional 320 kV cable systems. “The route can be narrower and the necessary civil engineering work during the construction phase will decrease.”
Prysmian and NKT will each supply about 500 km of 525 kV cable, both using their own insulation designs, Prysmian will supply power cable with its P-laser technology while NKT will provide its XLPE technology. There is a total of five cable lots, three being provided by NKT.
Per a Prysmian press release, its contract from TenneT TSO GmbH, a Dutch-German grid operator, calls for the company to design, manufacture, supply, lay, joint, test and commission the 2GW underground cable system through the TenneT region of this first German Corridor. It will include Prysmian’s innovative P-Laser insulation technology that will help enable a transmittable power of more than 2GW on a single system for the first time. The contract is valued at approximately €500 million, depending on options.
“This prestigious award confirms our ambition to play a strategic role in the shift towards a low-carbon economy and to drive the energy transition forwards with smarter, more reliable and more sustainable solutions,” said Prysmian Group CEO Valerio Battista. “It gives us great satisfaction to be involved in the development of this vital infrastructure project and to set this milestone in the upgrading of the E.U. power transmission grid.”
Per an NKT press release, the company will deliver to 50Hertz Transmission GmbH its XLPE cable for the NKT expects to start production of the high-voltage DC power cables and accessories by the end of 2021, with installation in mid-2022 and final completion in 2025. NKT has a strong footprint in Germany, with facilities in Cologne, Nordenham and Berlin, and it has worked with 50Hertz on other projects, all of which made it an ideal choice.
“I am very pleased that we have booked our largest high-voltage DC order ever by getting a significant part of the SuedOstLink project,” said NKT President and CEO Alexander Kara. “This underlines our role as a key partner in the green transformation of Germany.”
The Prysmian Group announced that it has received a binding offer from Carlisle Companies Incorporated for the acquisition of the business of Draka Fileca SAS (Fileca) in a transaction valued at €73 million.
A press release said that Fileca, which was acquired by Prysmian in 2011 as part of the Draka acquisition, is a global supplier of highly engineered cables for the aerospace and space end markets. Based in France, it generates revenues of €44 million and reported adjusted EBITDA of approximately €5 million in 2018. Fileca, provided first generations of aerospace cables to the Concorde program.
The transaction is expected to be completed during the first quarter of 2020.
Italy’s Prysmian Group reports that it has been awarded a major grid connection project, DolWin5, worth some €140 million, from Dutch-German grid operator TenneT.
A press release said that the TenneT project will connect multiple offshore wind farms to the German grid. It calls for “the supply, installation and commissioning of a High Voltage Direct Current (HVDC) 320 kV XLPE-insulated submarine and land power cable connection, with a transmission capacity of 900 MW, as well as the associated fibre optic cable system, comprising a land route of 30 km and a subsea route of 100 km.” The turnkey connections will link the offshore converter platform DolWin epsilon, located some 100 km offshore in the German North Sea, to the mainland Emden/Ost converter station, and help transmit the generated renewable energy into the German grid.
The cables will be manufactured at Prysmian Group’s plants in Pikkala, Finland, submarine, and Gron, France, land, the release said. Offshore installation activities will be performed by two Prysmian cable-laying vessels: the Cable Enterprise, for deep water installation, and the Ulisse, for shallow water activities. Completion of the project is scheduled for the middle of 2024.
“The Dolwin5 project continues our valued long relationship with the major TSO TenneT and demonstrates our ability to provide tailor-made submarine cable solutions for challenging projects, providing the offshore infrastructure needed to support the growth of clean energy in Northern Europe,” said Hakan Ozmen, EVP Projects, Prysmian Group.
The release said that the project comes “at a very important time for Prysmian,” which recently won a €200 million U.S. offshore project from Vineyard Wind, LLC.
The Prysmian Group has won a contract from utility SP Power Assets Limited, worth an estimated €33 million, for the design, supply, installation and commissioning of two high-voltage power cable systems to connect the Rangoon and Paya Lebar substations in Singapore.
A press release said that the power transmission system will require 44 km of HVAC (High Voltage Alternating Current) underground 2000 sq-mm 230 kV cables with a seamless corrugated aluminum sheath and related high-voltage accessories. Cable and accessories will be supplied by the Chinese subsidiary through its recently opened state-of-the-art factory which offers the APAC utilities market a wide range of high and extra high voltage cable technologies, as well as medium voltage solutions and fire protection cables.
The EPCI type contract will highlight the Group ability to provide a comprehensive package of services and to deliver a complete cable system solution including installation in a 50-m deep tunnel in water-cooled troughs and supply of auxiliary cables (telephone and LV cables), fiber optic cable and DTS (Distributed Temperature Sensor) for distributed temperature sensing of power cables. Delivery and commissioning of this project is scheduled for 2020.
“This is a strategic project for Prysmian, marking the Group’s involvement for the first time in many years in a project of this size in the APAC region, which also involves the supply of locally manufactured products and solutions. We have secured this EHV project in Singapore thanks to our extensive knowledge, our high-performance cable solutions and our new cable factory in China, reflecting SP Power Assets Limited’s confidence in Prysmian capabilities in the ASEAN region,” said Hakan Ozmen, EVP Projects, Prysmian Group.
“We are proud to be contributing to this important project. This collaboration demonstrates once more the extremely high quality and state-of-the-art technology of our products and underground cable system solutions,” said Federico Corbellini, ASEAN high-voltage business director.
Prysmian reports that the company has won three turnkey projects to supply and install submarine inter-array cable systems that will represent France’s first large-scale offshore wind farms, and collectively require 345 km of cable.
A press release said that two of the projects, from Eolien Maritime France (EMF), are for two offshore wind farms—Fécamp and Courseulles-sur-Mer, owned by EMF and wpd offshore GmbH—located off the North France coast. Those contracts are worth more than €200 million, and are expected to be completed next year. A third project, for the Saint Nazaire wind farm—also owned by Eolien Maritime France—is worth more than €20 million, and is being secured by a consortium between Prysmian and Louis Dreyfus Travocean.
“These new important awards confirm that we have all the capabilities to achieve our ambitious growth targets in the offshore wind farm market,” said Hakan Ozmen, an executive vice president of the Prysmian Group. “Our investments have strengthened both our production capacity and installation capabilities and the market is showing its confidence in us.”
The three wind farms will require 33 kV three–core submarine cable systems with XLPE insulation. The Fécamp project will connect 83 wind turbine generators (WTGs) with a total capacity of 498 MW, while Courseulles-sur-Mer will connect 75 WTGs with a total capacity of 450 MW. Cable, accessories and terminating services will also be provided by Prysmian for the 80 WTGs for the 480-MW capacity of Saint Nazaire.
The projects, the release said, will represent France’s first large-scale offshore wind farms. Prysmian will rely on the resources of General Cable’s NSW subsidiary. Cable cores will be manufactured at the Group’s center of excellence in Montereau-fault-yonne, France, and then assembled and finished in Nordenham, Germany, providing the French market with Prysmian’s locally manufactured cable systems.
For Fécamp and Courseulles-sur-Mer, Prysmian will be the turnkey provider, supplying and installing all interarray cables between the WTGs. Delivery and commissioning of the cables are expected during the period 2020-2022, depending on the individual project timelines.
“These awards represent an important milestone for Prysmian as they are related to the first major projects in this market and they show that our ambition of becoming a one-stop service provider covering the entire supply chain is credible and sustainable,” said Alessandro Panico, sales team manager, offshore wind, Prysmian Group. To date, the Group notes that it has secured offshore wind projects worth more than €650M in 2017-2018.
Prysmian reports that it has entered into an agreement with Chinese contractor Talesun to supply some 3,600 km of cables for a new major solar park in Cauchari, Argentina.
A press release said that Prysmian will provide a range of instrumentation and control, low- and medium-voltage and solar cables from its Chinese plants in Tianjin and Yixing. The deal, to include more than 1,100 medium-voltage accessories and connectors from its Yixing plant, will also require 100 Pry-Cam Grids and one Pry-Cam Portable for monitoring to be supplied by Prysmian Electronics, and supervision services (KOM) for both MV Accessories and Pry-Cam supplied by the team in Argentina, it said.
Cuachari is the first project signed by China and Argentina within the “OBOR – One Belt, One Road” initiative, the release said. It noted that Talesun is acting on behalf of Shanghai Electric, the main contractor for the project, which will see the construction of a 315 MW photovoltaic plant. It is to be located in the Jujuy Province, close to the North-West border with Chile, and at an altitude of 4,100 m, it represents a significant solar resource. The solar park is expected to generate a monthly average of 55,073 MWh, which will be conveyed to the 345 kV line that links the Chilean town of Andes with the town of Cobos in the province of Salta.
“We leveraged the internal synergies within the Group with the close cooperation of the different regions and teams involved to fulfill the complex requirements of the project,” said Prysmian Group China CEO Matteo Bavaresco. “This is a milestone example of global integration and teamwork within Prysmian.”