"We have demand from the Gulf of Mexico and west Africa. With this new plant, Brazil is the hub for Prysmian's businesses for the offshore industry," Minas said.
Minas is optimistic about Prysmian's domestic umbilical sales from the plant, which was opened in February.
"We have firm orders that will keep our new plant in Vila Velha busy until end-2008. We will be able to produce 250km of umbilicals a year," Minas said.
Prysmian recently announced it will supply 20km subsea power and communication umbilicals to Brazil's Peregrino development project in the Campos basin.
"We will deliver the umbilicals by September or October 2008 to [project partners] Norsk Hydro and Anadarko," Minas said.
Minas is bullish on the outlook for new deals in Brazil.
"Prysmian wants to establish a firm order book and [Brazil's federal energy company] Petrobras' Plangas natural gas project and the new bids we are taking part in are really positive. The oil price increase makes us confident we can grow our business," Minas said.
The company has supplied umbilicals to Petrobras' (NYSE: PBR) oil platforms such as P-51, P-52 and P-54.
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