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Encore Wire announces 2-phase plan to further expand its McKinney campus

Encore Wire Corporation announced plans to further expand its campus in McKinney, Texas. Per comments in the company’s latest quarterly earnings report, the wire manufacturer’s expansion will be carried out in two phases, with the first phase beginning late in the first quarter of 2020.

Phase 1 will include a new 720,000-sq-ft facility on the north end of Encore’s existing campus, located at 1329 Millwood Road in McKinney. “The facility will act as a service center, modernizing our logistics to allow for increased throughput and provide the bandwidth necessary to capture incremental sales volumes,” the report stated.

Phase one will allow Encore to compete at a higher level in the marketplace while strengthening its industry-leading customer service and order fill rates, per the information. Construction on phase one is expected to be completed in the second quarter of 2021. Following shortly after, phase two will focus on repurposing Encore’s existing distribution center by expanding its manufacturing capacity significantly and extending its market reach. The second phase is anticipated to be complete in 2022.

“This is an exciting time for Encore’s employees, customers and stakeholders,” Encore Chairman, President and CEO Daniel L. Jones said in the report. “We’ve been under construction since inception, and we continue to grow today. Our two-phase expansion plans will extend our reach and increase manufacturing capacity to meet the growing needs of our customers.”

Encore Wire’s legacy traces back to its launching in 1989, as a 68,000-sq-ft industrial warehouse building in McKinney, Texas. “With support and dedication from our employees, our customers and our community, we have grown to over 2 million square feet under roof and stretch across 425 acres. Today, Encore Wire is a leading manufacturer of copper and aluminum residential, commercial and industrial building wire.”

Read 397 times Last modified on April 3, 2020

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