Prysmian expands Sydney fibre factory for NBN
Communications Minister Stephen Conroy today opened a AU$11 million upgraded Prysmian ribbon fibre factory in Dee Why, New South Wales, which has been expanded as the company manufactures ribbon fibre for the National Broadband Network.
(Credit: DBCDE)
Prysmian secured a AU$300 million contract with NBN Co in 2011, to provide ribbon fibre to NBN Co for the next five years. The company is now expected to add up to 50 staff to manufacture the cable.
NBN Co CEO Mike Quigley welcomed the opening of the new facility.
"The expansion came about after a commitment was made to source approximately 80 per cent of the value of the NBN Co Prysmian cabling contract within Australia," Quigley said.
"It's great to see Prysmian, a global manufacturer of telecommunications cabling, investing here in Australia, due to the Federal Government's decision to build a National Broadband Network," he said.
The announcement comes a day after NBN Co released its new corporate plan that revealed the completion of the construction phase of the network will be delayed by six months to June 2021, and capital costs for the network will go up 3.9 per cent, from AU$35.7 billion to AU$37.4 billion.