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 1989, Encore has grown to span 3.5 million square feet. This new site will be one of the largest on Prysmian’s campus, which is already the world’s largest vertically integrated cable factory. Prysmian

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 company’s first-ever product launch outside of Europe, underscoring Canada’s growing role in Ferrero’s global operations. The upgraded plant will begin producing Ferrero Rocher chocolate squares and

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 to enhance production capacity. Vice President Gianfranco Meschini highlighted the plant’s role in strengthening Microtex’s U.S. presence and supply chain reliability. The move ensures the company’s

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 unlock new opportunities abroad. I invite you to join me in unraveling the underlying motivations and imperatives driving these ventures forward. Or, in other words, why are Italian companies expanding

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 storage capacity through 2025. According to Matt Barnes, director of business development at Enel, Ontario is entering an unprecedented era of energy growth. Ontario’s power generation demands are expected to

​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 production of components for the automotive industry consolidates the attraction of investment and economic development opportunities in the State. Humberto Lopes, general manager of the plant, indicated

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 company, who stated that the company is in the final stage of launching a new expansion initiative to increase all its production capacities, which will include a second hot rolling mill, a third galvanizing

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 automotive industry consolidates the attraction of investment and economic development opportunities in the state. Humberto Lopes, general manager of the plant, indicated that it is expected that within two years

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 States. The company's Mexican headquarters - inaugurated in 2020 with an investment of half a million euros that included the acquisition of the company Tapones Cabrera - is located in Zapopan, in 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 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 company, who stated that the company is in the final stage of launching a new expansion initiative to increase all its production capacities, which will include a second hot rolling mill, a third