Encore Wire (WIRE) to Build New Texas Plant, Expects $33M-$40M in CapEx

Encore Wire Corporation (Nasdaq: WIRE) is building a new 202,000 square-foot manufacturing plant on its McKinney, Texas campus. The Company projects expenditures for this project, including related upgrades of railroad and road access to Encore’s McKinney complex, will be approximately $25 million to $30 million. The majority of these expenditures will be made in 2012. The plant expansion is part of the Company’s capital expenditure plan for 2012 that will also include the purchase of manufacturing equipment to produce aluminum wire and cable. The Company estimates its total capital expenditures for 2012 to be between $33 million and $40 million.

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