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ABB invests $40 million in new Elastimold manufacturing facility in Albuquerque · Endata

◂ Announcements

Mar 30, 2023INVESTMENTAlbuquerque, New Mexico, United States

ABB invests $40 million in new Elastimold manufacturing facility in Albuquerque

ABB is investing $40 million in a new 90,000-sf manufacturing facility in Albuquerque, New Mexico, for Elastimold cable accessory solutions, expected to be complete in 2024 and employ about 55 people.

Value

$40.0M

Jobs

55

Starts operating

2024

Status

Under construction

Capacity

more than 1 million additional units annually

ProductsElastimold cable accessory solutions

CompaniesABB

Sectors#Electrical Equipment

“ABB is investing $40 million in Albuquerque, N.M., toward a new Installation Products Division manufacturing facility for the production of Elastimold cable accessory solutions.”ebmag.com

1 source
ebmag.comABB invests $40 million to meet demand for Elastimold solutions - Electrical BusinessAnthony CapkunMar 30, 2023

Summarized from public sources; check the original articles before acting on it.

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