Prysmian obtained by the European Investment Bank (Bei) a loan of 100 million euros intended to support R&D plans in Europe in the period 2013-2016. The news gave wings to the stock market of the energy and telecommunications cables and systems company, which at the end of the day gained more than four percentage points, achieving the best increase of the entire Ftse Mib.
The financing – as stated in a note from the group – represents around 50% of the investments planned in Europe in the reference period. Worldwide, the total resources dedicated by Prysmian to R&D in the four-year period amount to approximately 300 million euros. The EIB loan is aimed in particular at supporting projects to be developed in research and development centers in six countries: France, Great Britain, Holland, Spain, Germany and Italy.
The research & development headquarters and some plants of excellence for optical fibers and submarine cables and systems for energy transmission are located in Italy, to which a significant part of the resources are allocated. Globally, the Prysmian group can count on 17 R&D centers in Europe, North and South America and Asia, with 550 researchers and technicians employed and over 5.600 patents.
