# 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.

- Type: Investment
- Announced: 2023-03-30
- Where: Albuquerque, New Mexico, United States
- Value: $40.0M
- Jobs: 55
- Starts operating: 2024
- Status: under construction
- Capacity: more than 1 million additional units annually
- Products: Elastimold cable accessory solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md)

## Sources

- [ebmag.com](https://www.ebmag.com/abb-invests-40-million-to-meet-demand-for-elastimold-solutions/), 2023-03-30: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.