wiredinUSA September 2014

New manufacturing plant

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.”

wiredInUSA - September 2014

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