Prysmian Daily News Update

Prysmian powers up innovation in global energy push - Nov 13, 2025


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As of November 13, today’s news is dominated by advancements in Prysmian’s innovation strategy and significant developments in the global energy and technology sectors. Innovation is at the heart of Prysmian's “Accelerating Growth” strategy. As Prysmian seeks to achieve over 55% of revenues from solutions by 2028, significant ongoing investment and resources are being allocated to unlock solutions for the energy transition and digital transformation or digitalization, to be rolled out on a global scale thanks to Prysmian’s leadership position, the company said in a statement. Between 2021 and 2024, Prysmian invested 216 million euros in R&D and Innovation in Italy and plans to allocate an additional 270 million euros by 2028, underscoring its long-term commitment to technological excellence and sustainable growth - led from Italian expertise, the company add. Thanks to the ongoing strong cooperation between Italian authorities, such as the Ministry of Enterprises and Made in Italy and the Lombardy Region, over 5.5 million euros have been provided in funding for key initiatives under Prysmian’s R&D roadmap. Meanwhile, Italy’s 2024 corporate rankings, published by Mediobanca’s Research Department, confirm the dominance of state-controlled energy groups, led by Eni, Enel and GSE. Among manufacturers, Stellantis Europe ranks fourth, followed by Leonardo and Prysmian. Turning to other developments, Pirelli expects its governance issues with top shareholder Sinochem Holdings Corp. to be worked out, lifting a threat that’s clouded the tire maker’s US prospects, Executive Vice Chairman Marco Tronchetti Provera said. In broader market updates, Chinese copper exports are set to rise significantly, with October shipments projected to exceed 100,000 metric tons for only the third time, thanks to increased domestic production and rising foreign prices. This surge in exports is crucial as China continues to be the largest consumer of copper globally. Meanwhile, Australia is enhancing its military infrastructure with connections to new undersea internet cables, which will support the HMAS Stirling naval base and its strategic significance in the region. In the energy sector, GE Vernova and Siemens Energy are reportedly in discussions to supply gas turbines for a substantial reconstruction project in Syria's power sector, following a significant agreement reached by Syria with a subsidiary of Qatar's Power International Holding. On the international front, U.S. government operations are resuming after a prolonged shutdown that disrupted various public services and affected millions of workers, yet political divisions remain deeply entrenched.
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Prysmian Daily News UpdateBy Prysmian S.p.A.