Economic TimesLean R·
Prysmian signs €5.5 billion Molex deal in data center push
Italian cable maker Prysmian signed a deal with Molex for fiber optic cables. This agreement is valued up to five point five billion euros and spans ten years. Prysmian will invest one point two five billion euros to expand its production capacity. This investment will create one thousand new jobs globally, with six hundred in the United States. The company anticipates substantial annual revenue increases from this strategic expansion.
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