Amfabsteel Expands Fabrication-Manufacturing at Bernalillo, New Mexico, Plant
According to New Mexico Economic Development, the company manufactures structural steel for large buildings and more than 90 percent of their work is for out-of-state projects. amfabsteel is adding 75,000 square feet to more than double the size of their manufacturing plant. The expansion will take two years to complete. Their last expansion was in 2017 when employment more than doubled at amfabsteel Inc. and their sister company Phat Steel, Inc.
“amfabsteel Inc. is a true New Mexico born, homegrown company with lasting ties to our community,” said amfabsteel Inc. President Mark Mosher. “Faced with the need to grow our business to serve our client’s needs, we had to consider moving to another location, most likely out of our great state. Because of the hard work by the very talented people at the various State, County and Town levels, as well as the Economic Alliance, I am happy to say that we will be moving forward with an expansion at our existing location. This project will allow for us to maintain our current employees, but will also enable us to hire several more. Without the support of our project from the people and entities I mentioned previously, this would not have been possible.”
The company’s expansion is being supported by New Mexico's closing fund, LEDA, as well as the Job Training Incentive Program, JTIP. The State of New Mexico will invest up to $900,000 in Local Economic Development Act (LEDA) funds in the expansion and Sandoval County will act as the fiscal agent for the award.
In addition, the Town of Bernalillo played a pivotal role in enabling this expansion with the sale of 4.66 acres of industrial land from the Town to amfabsteel Inc. Sandoval County will be considering a LEDA-ED Fund application by amfabsteel Inc. at their December and January Commission meetings.
“amfabsteel Inc. is a homegrown success story and an industry leader. I’m thrilled to see them expand yet again,” said Economic Development Cabinet Secretary Matt Geisel. “By doubling the size of their manufacturing plant and creating more well-paying jobs, amfabsteel Inc. is expanding their impact on the local economy and helping New Mexicans find good jobs.”
“amfabsteel Inc.'s latest expansion is an excellent example of collaboration, and exhibits the long-standing family-owned company's confidence in Sandoval County and the Town of Bernalillo as a place to do business,” said Sandoval Economic Alliance President Steve Jenkins.
Accela Expands Operations in Draper, Utah
2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
2018 Top States for Doing Business: Georgia Ranks #1 Fifth Year in a Row
Opportunity Zones Can Uplift Communities and Investors Alike
Made in America: An Outlook for Manufacturing in the U.S.
Location USA 2018
A Changing Food Manufacturing Industry
2017 Food Processing