BRIEF-Prysmian Sees Cumulative Revenues Of €10 Bln With Hyperscalers By 2035

July 20 (Reuters) - Prysmian SpA PRY.MI:

  • SIGNS 10-YEAR AGREEMENT WITH MOLEX WORTH UP TO €5.5 BILLION INCLUDING €550 MILLION ADVANCE

  • EXPECTS CUMULATIVE REVENUES OF €10 BILLION WITH HYPERSCALERS BY 2035

  • EXPECTS ANNUAL REVENUES UP TO €1.1 BILLION FROM 2031

  • TO MORE THAN DOUBLE FIBER PRODUCTION CAPACITY IN THE UNITED STATES

  • TO INVEST €1.25 BILLION TO INCREASE PRODUCTION CAPACITY BY 2031

  • INVESTMENT TO CREATE OVER 1000 NEW JOBS GLOBALLY, INCLUDING 600 IN THE UNITED STATES

Further company coverage: PRY.MI


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