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broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacilitgy here, Keith Bone, general manager of the local told members of . AED held its quarterly meeting Thursdatyat . Joe Hudgins, president and CEO of Solar Arra Ventures, outlined his company’s plan to build a massivew solar manufacturing plant onthe city’s Westside. General expansion should be completedby November, Bone said. The cereapl manufacturer will hire 60additional employees, bringing additional payroll to the area of $3.
5 The expansion also brings $30 million in spending to New The Albuquerque City Council approved a $100 million industrial revenue bond deal for the companyg in February. BE&K Corp. from North Carolina landede the design/build contract to build the expansion, but Bone said 80 percentt of the firm’s spending and employees will be The precast panels beiny used in the construction are manufactured in General Mills has been in Albuquerquesincee 1991. Its current facility is locatedr near Paseo del Norte and Edith and has 190 with an annual payrollof $12 said Bone. The 275,000-square-foot plangt produces about 135 million poundas annually of 35differeng cereals.
The facility also has a lab on-sited where the instructions for bakingt General Mills products at high altitudeeare created. The company has giveh about $5 million to area nonprofits sincee 1998and $519,000 in scholarships, Bone Don Power, chairman of AED, said the cereakl company’s donations illustrate one of the things the organizationm looks for in recruiting companies: communitt involvement. Hudgins said Solatr Array plans to breaok ground by the third quarter of this year ona 225,000-square-foot thin-filjm photovoltaic manufacturing plant in the Corderlo Mesa business park, west of the mattress factory.
The company planss to add three more buildings of that size as it he said, with each facility employing about 225. Its annual payroll in the first phasee wouldbe $14 million. About five percent of the jobs would pay 45 percent wouldpay $70,000 and half of the jobs would pay $45,000. The capital investment for the firstt phase willbe $170 million and the company would spend $40 million annually for raw The first phase is expected to have a capacity of 75 but that would grow to 300 mw with the full The plant also will have a spacse that will serve as a communituy and educational center. Solar Arra is seeking $175 million in industrial revenue bonds fromBernalillp County.
The company is working to raise $210 milliohn in debt and equity, Hudgins said. Hudgins said New Mexico beat out two otherf states for the despite the fact that it did not offert thelargest incentives. But the coordination among local and state government officials and othetr parties made New Mexico far more efficientf in establishing a planning framewor k that the company coulsd then use to plan a budge forthe plant, he said “That was a majo issue for us,” Hudgins He also praised the labor force here and the educational institutions. The facility is being designec byPageSoutherlandPage LLP, whic h has Texas offices in Austin, Dallas and Houston, as well as Washington, D.C.
and London, U.K. Hoffman Construction, baseds in Portland, Ore., is building the facility.
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