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Encore Wire CEO Announces $30M Texas Expansion

Following in the footsteps of Kohls, Toyota and several other organizations that have either moved to Texas or expanded their operations there, Encore Wire Corporation President and CEO Daniel Jones announced that the company, which is celebrating 25 years in the McKinney, Texas community, will invest more than $30 million to expand its manufacturing facilities and provide more than 125 new jobs in the Texas town.

“Encore Wire has been a staple in our community for 25 years and is respected locally, nationally and even globally, as seen by their recent award as one of ‘America’s 100 Most Trustworthy Companies’,” said McKinney Mayor Brian Loughmiller. “The City of McKinney and MEDC are committed to supporting existing McKinney businesses, and we are privileged to have an outstanding company like Encore Wire headquartered in our city.”

Encore was formed in 1989 with 12 employees in a 68,000 square-foot facility. It offers one-stop sourcing for residential, commercial and industrial copper and aluminum wire needs. The company now employs over 1,180 and is the largest taxpayer in McKinney, according to the Collin County Central Appraisal District.

The expansion of Encore’s aluminum wire plant, the firm’s 10th expansion overall, will add 128 new jobs and increase the size of one of their plants from 200,000 square feet to 450,000.

“We are excited to be a part of a growing community and we are very thankful that the McKinney Economic Development Corporation is committed to helping us,” said Jones in a public statement. “The partnership we have with the city has made us one of the top employers in McKinney, and we are thrilled to be able to provide more jobs for the community.”

The expansion is expected to be complete in December.

A public company, Encore Wire trades on the NASDAQ Global Select Market.

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