Lancs Industries Relocates-Establishes Albuquerque, New Mexico, Operations
The 26,000 square foot manufacturing facility located in the Renaissance Center will create more than 75 jobs and deliver an economic impact in the first full year of operation of more than $10 million, according to Albuquerque Economic Development.
“When we began exploring the region as a potential new headquarters for our business in late 2019, Albuquerque Economic Development provided key information that made the decision easy, insightful economic data on the region, comparisons to other markets, and key referrals to numerous business, government, energy, and financial service professionals which assisted our market evaluation and decision-making process. Another important opportunity is the state’s Job Training Incentive Program (JTIP),” said Lewis Byrd, Lancs Industries President.
Lancs Industries produces products that facilitate the safe handling of radioactive nuclear waste and provide shielding from nuclear emissions. The company has produced over 80% of the radiation shielding used in United States nuclear power plants and Naval facilities and is one of the largest producers of flexible lead-free shielding products made from tungsten, bismuth, and iron. A producer of containment products used in medical and pharmaceutical research and manufacturing, Lancs also began producing PPE at the onset of the Covid-19 pandemic.
“It is a tremendously encouraging indication of the value proposition of our market to see a strong uptick in interest and commitments being made by companies like Lancs Industries,” added Danielle Casey, Albuquerque Economic Development President & CEO.
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