A European manufacturing giant is beefing up its presence in eastern Ontario with a multimillion-dollar expansion of its facility in Prescott.
Milan-based Prysmian Group announced a $7-million plan to add a “world-class distribution centre” to its existing manufacturing plant in the town about 95 kilometres south of Ottawa on the St. Lawrence River. The company says the project will create about 15 new jobs in the region.
As part of the investment, Prysmian plans to relocate its regional distribution centre from Brampton to Prescott. Construction will start this year, and the new facility is expected to be in operation by the third quarter of 2022.
OBJ360 (Sponsored)
Mini home? Tiny house? Here’s what you need to know before investing
Building a backyard coach house is easier thanks to Bill 23, and Ottawa General Contractors are helping home owners make it happen.
Oakview Capital Inc. is the solid option for your real estate investment portfolio
You know a real estate investment is sound when your advisors put their own money behind it.
“This strategic move will allow us to provide more efficient service to our customers while simplifying logistics,” Paul Furtado, head of business operations for Prysmian Group North America, said in a statement.
“The Prescott facility has a 42-year history in the area and has a proven, quality local workforce. They are poised to build on the existing operations to streamline the distribution to our customers.”
Prysmian, which specializes in manufacturing electrical cables, operates more than 20 plants in North America. The Prescott facility makes medium- and low-voltage energy cables for the Canadian and northeastern U.S. markets.
