Manna Capital Partners-Ball Corporation Plan Valencia County, New Mexico, Aluminum Can Sheet Rolling Mill
05/27/2022
The company signed a letter of intent to purchase a 1,300-acre parcel in Los Lunas with construction set to start by late 2023 and manufacturing in 2026, according to state officials. Ball Corporation, a leading global provider of infinitely recyclable beverage packaging, will enter into a long-term supply agreement and also intends to take a minority equity position.
”There is increasing demand for recycled aluminum packaging from beverage makers driven by a push for sustainability. New Mexico has given us the opportunity to respond with what we expect to be the newest state-of-the-art aluminum rolling mill in North America. This project will positively impact people’s lives and is a win-win for everybody,” Junior Bridgeman, managing partner of Manna Capital Partners, said.
The State of New Mexico is pledging $5 million from its Local Economic Development Act (LEDA) job-creation fund to support the project with assistance paid out as the manufacturer reaches economic development benchmarks, to be determined in a Project Participation Agreement.
The Village of Los Lunas is also assisting the manufacturer with the issuance of Industrial Revenue Bonds and will act as the fiscal agent. The project may also qualify for a percentage of the GRT it spends on construction to be rebated, under a 2021 law signed by Governor Grisham that allows for a portion of construction-related gross receipts tax to be rebated back to companies for large, significant, job-creating projects. The assistance is pending formal review and approvals from the governing bodies of Valencia County and the Village of Los Lunas.
“This state investment will not only bring new higher-paying jobs for New Mexicans, but it expands our manufacturing footprint with sustainable, responsible products that will see increasing demand," Economic Development Cabinet Secretary Alicia J. Keyes said. "The Economic Development Department and our partners worked together for months to bring this project here. We competed against 10 other sites and now these jobs are coming to New Mexico. True collaborative efforts like this one result in great successes for our state."
The facility would be powered with 100% renewable energy from PNM and have the capacity to manufacture up to 1.3 billion pounds of aluminum annually, with plans to ensure 85% recycled content after the mill is fully operational. The Public Service Company of New Mexico is working closely with Manna throughout the process to ensure renewable energy goals are realized. The site will require in excess of 500,000 megawatts of electricity a year.
“Since last August, when AREA was contacted by Manna Capital Partners and introduced to its project, AREA’s Director of Business Development Grant Taylor has worked as a central point to collect data, make partner connections, and turn over every stone that helped the company to make its decision to locate in the region,” Danielle Casey, president & CEO of AREA, said. “Manna’s team has demonstrated that it will be a tremendous corporate citizen in the state and an employer of choice in the region. From Gov. Lujan Grisham to Mayor Griego and numerous economic development partners in between, we’re grateful to everyone’s investment and ongoing stewardship to ensure this project’s success.”
Project Announcements
GE Appliances Expands Jefferson County, Kentucky, Operations
06/30/2025
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024