Tuesday, August 25, 2020

Prysmian estimates a drop up to 5% in consumption of optical cables in Latin America this year

Juan Mogollón, CEO of the firm in the region, told Convergencialatina that in 2020 the demand in the telecommunications market could remain stable or fall by up to 5% due to the impact of the pandemic. Prysmian has four product plants for the Telecom sector in Latin America (2 in Brazil, 1 in Argentina and 1 in Mexico). At the end of July, the first cable delivery was made for the CFE in Mexico, one of the central projects of its current activity.

The four Prysmian Group plants that generate telecommunications products in Latin America are currently operating normally and with low absenteeism, within the framework of Covid-19. As Juan Mogollón, CEO in the region, told Convergencialatina, the two factories in Brazil work 100%, the one in Mexico is close to this figure and the one in Argentina was the most affected, because it serves the markets of Uruguay, Paraguay and Chile and the pandemic reduced demand.

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