Prysmian Plans New Copper Mill in Texas Amid Rising Data Center Demand
Prysmian SpA is considering a $100-$200 million investment in a new copper rod mill in Texas to meet increasing demand from data centers and electrification, potentially doubling or tripling output. The company is also pursuing smaller acquisitions in the U.S. to enhance its market position, having invested over $6 billion in the region in the last three years. However, Prysmian warned that proposed tariffs on refined copper imports could disrupt U.S. supply due to insufficient smelting capacity.
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Prysmian SpA is evaluating the construction of a new copper rod mill in Texas with an investment between $100 million and $200 million, driven by growth in data centers and electrification. This facility may double or triple the output at its McKinney site near Dallas, following expansions after acquiring Encore Wire.
The company is also seeking smaller acquisitions in the U.S. to complement its offerings, having invested over $6 billion in the last three years. Prysmian primarily sources domestic copper and warned that new tariffs on refined copper imports could disrupt supply due to a lack of smelting capacity in the U.S.
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