Prysmian breaks ground on $500M expansion at Encore Wire

June 23, 2025 – Prysmian held a groundbreaking ceremony to launch a $500-million, 5-year investment at Encore Wire, which includes a new medium-voltage cable production facility exceeding 650,000 sq. ft. Expected to be up and running in 2027, the plant will increase Prysmian’s medium-voltage capacity and add 120 new jobs.

“This new plant will be one of the largest stand-alone 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,” said Prysmian North America CEO Andrea Pirondini.

Prysmian says the medium-voltage plant is the first phase of its investments in McKinney, Texas.

Guests of the groundbreaking ceremony signed a commemorative beam that will be placed in a prominent location in the new facility.

Prysmian’s North American operations include 29 plant locations and nearly 8,000 employees with net sales of $8 billion. Globally, the company has over 33,000 employees, 107 production plants, and 27 R&D centres in over 50 countries.