STEEL PLANT PLANS TO EXPAND AGAIN
Project has already added 40 new hires
Amfabsteel Inc., a structural steel fabrication and manufacturing firm in Bernalillo, is expanding again.
Amfabsteel Inc., a structural steel fabrication and manufacturing firm in Bernalillo, is expanding again.
The company is working with town officials to purchase or acquire a long-term lease for property that will more than double the size of its 30,000-square-foot plant, said Denice Tally, special projects coordinator.
The firm already has hired an additional 40 employees and expects to add more to its workforce of 113.
The $8 million to $10 million expansion will take about two years to complete, Tally said.
She said the company was working with the state on securing funding under the Local Economic Development Act.
Amfabsteel, established in 1984, manufactures structural steel for large buildings such as casinos and hospitals. More than 90 percent of its work is for out-of-state projects, Tally said.
The last expansion was in January 2017, when employment more than doubled at Amfab and at sister company Phat Steel Inc.
Steel tariffs that have been imposed by the Trump administration are not having an effect on the company because the costs are passed along to customers “and those developers are going forward with their projects,” President Mark Mosher said through a spokeswoman.