# ABB breaks ground on $40M Elastimold facility in Albuquerque

ABB broke ground on a 90,000-square-foot facility in Albuquerque, New Mexico, to expand production of Elastimold cable accessory solutions. The over $40 million investment is expected to begin operations in late 2024 and will integrate robotics and a Centre of Excellence.

- Type: Expansion
- Announced: 2024-01-03
- Where: Albuquerque, New Mexico, United States
- Value: $40.0M
- Starts operating: 2024
- Status: under construction
- Capacity: 90,000 square feet
- 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/groundbreaking-move-abb-commences-work-on-40-million-elastimold-facility/), 2024-01-03: "Building the additional facility on the campus furthers ABB’s strategy to develop technology, equipment, materials, and installation methods that enable utilities to protect and improve the capacity and reliability of electrical systems."

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