NEW MEXICO – Dallas-based Arcosa, a manufacturer of infrastructure-related products and solutions, announced that its subsidiary Arcosa Wind Towers will open a wind tower production facility in Belen and plans to hire 250 New Mexico employees.
New Mexico was chosen over other locations because of its supportive partnerships and competitive incentives, the company said.
“We are eager to expand our manufacturing capacity to New Mexico, where market demand for new wind projects is strong,” said Antonio Carrillo, president and CEO of Arcosa, Inc.
Carrillo added that the new facility will strengthen the company’s position in the wind tower market and allow Arcosa to benefit from the growing wind investment in the Southwest.
The company has received new wind tower orders totaling $750 million, mostly for projects in New Mexico and the Southwest. Arcosa Wind Towers is acquiring an existing facility, previously occupied by Keter, adjacent to a Burlington Northern railroad spur at 1951 Highway 304, Belen, in the Rio Grande Industrial Park. The site will serve the growing demand for wind energy, in part driven by the federal Inflation Reduction Act.
Gov. Michelle Lujan Grisham has identified sustainable energy as a target industry for additional strategic economic development assistance as New Mexico diversifies its economy to attract higher-paying jobs.
“The transition to clean energy brings with it more diversified, higher-paying and skilled jobs,” the governor said. “Arcosa is repurposing an old factory for new investment in our state and our communities – this is a win-win.”
The State of New Mexico is contributing $4 million from its Local Economic Development Act (LEDA) job creation fund to assist with manufacturing expansion in New Mexico. Funding will be provided as the company meets agreed-upon economic development goals.
Not only will the company be eligible for LEDA, but it can apply for assistance through EDD’s Job Training Incentive Program (JTIP), which reimburses companies for a portion of employee training costs.
Arcosa expects to have an annual payroll in New Mexico of $12.5 million and the project is estimated to have an economic impact of $314 million over the next 10 years. The company plans to invest between $55 million and $60 million to purchase the property, modify the existing plant and purchase equipment.
Production at the Belen plant is expected to begin in mid-2024, with current orders and backlog expected to provide a good level of production through 2028.