The wire manufacturer’s expansion will be carried out in two phases, with the first phase beginning late in the first quarter of 2020, according to the report.
Phase 1 will include a new 720,000-square-foot facility on the north end of Encore’s existing campus, located at 1329 Millwood Road, 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, according to the release.
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.”