Prysmian Breaks Ground on $500M U.S. Expansion
Slice of Construction Team
06/23/2025
Key highlights
- $500M investment over five years at Encore Wire’s McKinney campus
- New 650,000 sq ft medium voltage facility operational by 2027
- 120 new jobs created in North Texas
- Builds on Encore Wire’s 35-year legacy in McKinney
- Reinforces Prysmian's role as a U.S. energy transition leader
Source: ACCESSWIRE
Notable Quotes
“ This new plant will be one of the largest standalone facilities on our campus, which is the largest vertically integrated cable factory on the planet and is a major milestone in the Prysmian/Encore Wire growth. ”
Andrea Pirondini, CEO at Prysmian North America
“ Building on Encore Wire's successes, Prysmian's investment in McKinney will be significant to this community in so many different ways. ”
Michael Kowski, President & CEO at MEDC
“ I'm honored that my first groundbreaking as mayor is for a project as big and as important as what we see here today from Prysmian. ”
Bill Cox, Mayor at City of McKinney
Why This Matters
Prysmian’s $500 million commitment marks a pivotal step in strengthening North America’s energy infrastructure and local manufacturing. By leveraging Encore Wire’s proven operational model and investing in state-of-the-art production capabilities, Prysmian is advancing U.S. energy goals, supporting job growth, and reinforcing the region’s role in global cable production. This move also exemplifies a strategic shift toward providing integrated energy and digital solutions to meet evolving market demands.
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