Prysmian has initiated its USD 500 million, five‑year investment at Encore Wire’s McKinney campus, including a USD 249 million March-approved allocation, to enhance medium-voltage cable capacity and service North American clients.
Jun 20, 2025
L to R: Michael Kowski, MEDC President & CEO, Bill Cox, Mayor City of McKinney, Andrea Pirondini, CEO Prysmian North America, Troy Skidmore, Encore Wire Head of Human Resources, Michelle Bishop, District Director for Rep. Keith Self, Michael Flusche, North Texas Regional Director for Sen. Ted Cruz
Prysmian held a ceremony to kick off its USD 500 million investment at the Encore Wire campus over five years. Included is the USD 249 million approved by Prysmian’s Board during March’s Capital Market Day. The project features a 650,000 sq ft state‑of‑the‑art medium-voltage cable production facility at the existing vertically‑integrated Encore campus, marking a major step following Prysmian’s acquisition of Encore Wire nearly a year ago.
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The facility enhances Prysmian’s evolution from cable manufacturer to solutions provider, supporting data centers, US industry, and power grid strengthening.
“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,” said Andrea Pirondini, Prysmian North America CEO.
Encore Wire started in 1989 with a 68,000 sq ft warehouse in McKinney. The medium-voltage plant is the first phase of Prysmian’s investments in McKinney.
