WiredInUSA June 2016

Copper cable acquisition

Sustainable appointment

Prysmian Group has entered into an agreement for the acquisition of Corning Optical Communications’ copper data cable operation located in Coburg, Germany. The acquired business consists of a plant for the production of Cat5, Cat6 and Cat7 cables. The investment will allow the group to further expand its presence and hasten its growth strategy in themulti-media solutions business segment. In particular the copper cable acquisition will broaden the group’s product offering for high-capacity and flexible cable for data transmission and data center solutions. The closing of the acquisition will be subject to standard closing conditions.

Solvay, producer of fluoropolymers, ultra polymers, sulfone polymers and cross-linkable compounds for wire and cable applications, has appointed Pascal Chalvon Demersay as chief sustainability officer. Mr Demersay succeeds Jacques Kheliff, who will be retiring after 44 years within the group. In his new role Mr Demersay will reinforce sustainable development as Solvay’s strategic growth driver and core contributor to the group’s corporate social responsibility commitments for 2025. These include reducing the CO 2 intensity of the group’s operations by 40 percent, generating 40 percent of revenues from sustainable business solutions, and doubling the number of employees involved in societal projects. He will combine the new assignment with his current role as president of Solvay’s energy services global business unit. His background as business manager and his expertise in energy and climate complement and serve Solvay’s goal to become a leader in sustainable development.

wiredInUSA - June 2016

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