
Groundbreaking ceremony for 650,000+ Square Foot Facility in McKinney, Texas Up to 120 new jobs to be created Encore Wire site central to Prysmian's evolution from cable manufacturer to solutions provider in the U.S. MCKINNEY, TX / ACCESS Newswire / June 19, 2025 / Prysmian yesterday held a groundbreaking ceremony to kick off its $500 million investment at the Encore Wire campus over five years. Included in the figure is the $249 million Prysmian Board of Director's approved during the Capital Market Day event in March.