NEW YORK Encore Wire
Corp. expects its aluminum sales to rise over the next couple
of years, according to the companys top officer.
Encore, which began aluminum
wire production at its new plant in McKinney, Texas, in the
last quarter of 2012, said that aluminum accounted for about 5
percent of its fourth-quarter salesabout $12.9 million
out of a total of $258 million.
"Aluminum will be a little bit
bigger piece than 5 percent (in 2013)," Encore president and
chief executive officer Daniel Jones told analysts during a
Feb. 21 conference call following the release of the
companys results. He declined to provide any specific
McKinney-based Encore continues
to install equipment in the aluminum wire facility and expects
to complete those installations by the end of the first
quarter, Jones said.
Separately, Encore sees demand
picking up from residential and commercial construction
consumers, which should boost copper sales this year.
"Were seeing a slow and
gradual uptick in residential (construction)," Jones said,
noting that the Mid-Atlantic is the only area in the United
States not yet experiencing an uptick.
Confidence unquestionably rose
during the fourth quarter, and Encore expects this to continue.
"The discussions we had (in the fourth quarter) were less
lengthy. Purchase orders were placed, products were shipped,
delivered and installed. Overall, business was good," Jones
said. Its now much easier to "convince folks to go ahead
and pull the trigger" and book business.
"(Consumers) are still a little
bit cautious; theres still apprehension because of copper
volatility," Jones said. "But folks are active. Theyre in
the market to buy."