Mike Switzer Interviews Hakan Ozmen, President and CEO of Prysmian Group North America.
As telecom companies continue to fight harder for more customers, they are aggressively upgrading their infrastructure. This is benefiting not only the cell phone users in the United States, but the manufacturing industry as well. In May 2017, Prysmian Group announced plans to make significant investments throughout North America following a $300 million, three-year contract to aid Verizon in the development of its 5G and new broadband networks. Since then, the company has announced a $15 million investment to its Lexington facility to support the production of fiber cable for the Verizon agreement and has invested $54 million to increase its fiber production out of its Claremont, NC facility. This fiber investment is part of a wider $250 million plan to increase optical cable and fiber capacity globally.