Prysmian S.p.a.MIL: PRY

Prysmian eyes new Texas copper mill and deals, Bloomberg News reports

· Issued by Prysmian S.p.a.

Italian cable maker Prysmian MIL:PRY is considering building a new mill in Texas as it pursues U.S. acquisitions, Bloomberg News reported on Wednesday.

The company may pull the trigger in the next year or so on a second copper rod facility at its McKinney site near Dallas, with an investment of $100 million to $200 million, the Bloomberg report said.

Reuters could not immediately verify the report.