Italian cable giant Prysmian is investing $500 million to expand its McKinney, Texas, operations with a 650,000-square-foot medium-voltage cable facility, creating 120 jobs and boosting U.S. energy infrastructure. The plant, expected to open in 2027, will enhance capacity to meet growing electricity demand. Prysmian acquired local firm Encore Wire for $4.1 billion in 2024. Since its founding in…
Italian confectionery giant Ferrero Group has announced a major expansion of its Brantford, Ontario production facility, committing $445 million to significantly grow its operations in Canada. The investment will support the creation of 500 new jobs, bolstering Ferrero’s position as the largest private employer in the city.The project marks a significant milestone for Ferrero, as it includes the…
Italian company Microtex Composites is opening its first U.S. operations in Chattanooga, Tennessee, investing $3.8M and creating 26 jobs. This new prepreg manufacturing facility signifies the company’s commitment to innovation and quality, catering to U.S. customers in automotive and aerospace markets. President Federico Becagli emphasized using advanced technologies and employing skilled staff…
In an era defined by unprecedented global connectivity and rapid technological advancement, the manufacturing sector continues to serve as a catalyst for economic growth and innovation. Against this backdrop, the narratives featured in this edition of the newsletter are related to Italian companies’ strategic expansion in North America and their need to forge new collaborations when trying to…
Enel boosts Ontario battery storage operations, sees more growth
Enel North America, the subsidiary of Italian energy giant Enel Group, nearly doubled its Ontario energy storage capacity in 2022, and plans to add more as part of a multi-billion-dollar North American expansion.
The company aims to develop approximately five gigawatts (GW) of new utility-scale renewable and battery energy…
With an investment of more than 17 million dollars, the new Magneti Marelli plant started operations in Ramos Arizpe, Mexico.
These structures, the fourth project installed by the company in the northern state of Coahuila, will generate 250 jobs.
During the inauguration ceremony, Governor Miguel Ángel Riquelme pointed out that the new Magneti Marelli plant in Ramos Arizpe, dedicated to the…
In order to increase production of hot rolling, galvanizing and finishing, Ternium confirmed that it will invest $1 billion dollars to expand its Pesqueria Industrial Center in Nuevo Leon. Italian companies that produce metal and manufacturing machinery are a good option as suppliers for this type of company and its industrial sector.
This was confirmed by Máximo Vedoya, CEO of the steel…
With an investment of more than US$17 million, the new Magneti Marelli plant started operations in Ramos Arizpe, Mexico.
These structures, the fourth project installed by the company in the northern state of Coahuila, will generate 250 jobs.
During the inauguration ceremony, Governor Miguel Ángel Riquelme pointed out that the new plant dedicated to the production of components for the…
Labrenta, a company from Breganze, in the province of Vicenza, specialized in closure solutions for the wine and spirits sector, closes 2021 with a total turnover of €20 million, doubling the previous year's result.
The company's growth is linked to Labrenta's success in the American and European markets, especially Mexico, United Kingdom, Central Europe and +128% of sales recorded in the United…
In order to increase production of hot rolling, galvanizing and finishing, Ternium confirmed that it will invest 1 billion dollars to expand its Pesqueria Industrial Center in Nuevo Leon. Italian companies that produce metalworking and manufacturing machinery are a good option as suppliers for this type of company and its industrial sector.
This was confirmed by Máximo Vedoya, CEO of the steel…