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wiredInUSA - September 2014
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Encore Wire Corporation is building a
250,000ft
2
expansiontoitsexistingaluminum
manufacturing plant in McKinney, Texas,
at a cost of between $41 million and
$46 million. The plant expansion is part
of the company’s capital expenditure
plan for 2014 and 2015 and will include
the purchase of equipment to produce
aluminum wire and cable.
Commenting on the announcement,
Daniel L Jones, president and CEO of
Encore Wire Corporation, said: “Encore
Wire has experienced steady growth
throughout its history. Inorder toplan for our
future and continue the long term growth
of the company we have continued
to increase our product offerings to our
existing customer base in the building wire
category.
“In 2006, weopenedanewarmoredcable
plant, and in 2008 we opened a plant
dedicated to the production of large tray
cable. In 2012 we opened a new plant
dedicated to the production of aluminum
building wire. The aluminum building wire
sales have exceeded our expectations,
with gross sales totaling over $100 million in
the last four quarters.
“We also strongly believe that our ability to
offer aluminum building wire has helped
to increase our copper building wire sales
over the last two years.
“We continue to believe that copper
will be the conductor of choice in most
building wire applications, but we will offer
aluminum to those customers who want
it.”
New manufacturing plant