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Prysmian invests EUR 170 mln in new cable laying vessel

Thursday 15 March 2018 | 09:30 CET | News
Milan-listed cable maker Prysmian has announced its intention to invest over EUR 170 million in a new cable laying vessel. The company said the vessel is expected to be delivered by the second quarter of 2020 and will support the company's long-term growth prospects in the submarine cable installation business, while strengthening its interconnection and offshore wind project execution capabilities. The vessel's advanced features include deep water installation capabilities for depths of more than 2,000m, increased cable loading capacity, ability to perform complex installation operations

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Categories: Fixed
Companies: Prysmian
Countries: Italy / World
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