Prysmian breaks ground on $500M expansion at Encore Wire
Electrical Business
AI Article Summary
Prysmian has commenced a $500 million expansion project at Encore Wire in McKinney, Texas, with the construction of a new medium-voltage cable production facility. The new plant will cover over 650,000 square feet and is expected to be operational by 2027, adding 120 jobs to the area. This investment marks the first phase of Prysmian's growth initiatives in North America. The company has a significant presence in North America, operating 29 plant locations with nearly 8,000 employees.
