A wire cable maker owned by Prysmian North America broke ground on a new 650,000-square-foot medium voltage cable facility at the site in McKinney, Texas. This and future expansions could add up to an investment of over $500 million. It’s expected to open in 2027 and will add 120 jobs.

The medium-voltage Encore Wire plant is just the first phase of a major planned investment in McKinney for Prysmian. The Dallas Business Journal reports the investment is expected to roll out over the next five years. Prysmian bought the company just under a year ago.

Encore Wire was founded in 1989 in McKinney, starting in a 68,000-square-foot warehouse. Today, its campus spans more than 3.5 million square feet across 460 acres and is home to more than 1,600 workers. The site in McKinney produces a wide range of copper and aluminum electrical wire and cable.