Italy-based Prysmian has broken ground on a $500 million expansion project at the Encore Wire copper wire and cable manufacturing plant in McKinney, Texas.
Prysmian, which acquired recycled-content wire producer Encore last year, says it is building a new 650,000-square-foot building in McKinney to “support growing electrification demand” and anticipated United States power grid needs.
The global wire maker credits Encore for an “outstanding service model,” saying its acquisition of the U.S. company gives it the prospect of “serving customers with the quality and speed that is essential to unlock major energy priorities, ranging from data centers, the U.S. industry and the strengthening of our power grid.”…