Electrical Business

Business News
Prysmian aims to improve market penetration in oil & gas industry


January 23, 2014
By Anthony Capkun

January 22, 2014 – Prysmian Group—a global player in the energy and telecom cables and systems industry—aims to accelerate expansion in the business of subsea umbilicals, risers and flowlines (SURF) by establishing new headquarters in Houston, Texas. The goal is to improve market penetration for niche products in the oil & gas industry.

Prysmian says it has been investing in the development of umbilicals (both steel tube and thermoplastic) and flexible pipes over the past years with the aim of diversifying and further expanding its activities in the market of technology and products for the oil & gas industry. The company says the flexible pipes plant has complemented the umbilical plant, opened in 2007, and the addition of flexible pipes to its product range has enabled Prysmian to offer a range of SURF products.

Thanks to the merger between Prysmian and Draka in 2010, the group can rely also on two plants in North America, notes the company, thereby broadening the range of products technology to down-hole technology (DHT) systems and creating “interesting cross-selling opportunities”.