الجمعة، 29 يونيو 2012

Solar Array, Gen. Mills detail expansions - Boston Business Journal:

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broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacility here, Keith Bone, genera l manager of the local facility, told members of . AED held its quarterlyy meeting Thursdayat . Joe president and CEO of Solar Array outlinedhis company’s plan to builed a massive solar manufacturing plant on the city’s General Mills’ expansion should be completed by November, Bone The cereal manufacturer will hire 60 additionalk employees, bringing additional payroll to the area of $3.5 The expansion also bringas $30 million in spending to New Mexico.
The Albuquerquee City Council approveda $100 million industria l revenue bond deal for the companyh in February. BE&K Corp. from Northn Carolina landed the design/build contract to builrd the expansion, but Bone said 80 percent of the firm’s spending and employeesw willbe local. The precast panelzs being used in the constructiohn are manufacturedin Belen. General Millse has been in Albuquerquesince 1991. Its curren facility is located near Paseo del Norte and Edith and has 190 with an annual payrollof $12 million, said The 275,000-square-foot plant produces about 135 million pounds annuallgy of 35 different cereals.
The facility also has a lab on-siter where the instructions for baking General Milla products at high altitudedsare created. The company has given about $5 million to area nonprofits since 1998and $519,000 in scholarships, Bone Don Power, chairman of AED, said the cerealo company’s donations illustrate one of the thingas the organization looks for in recruiting companies: communityy involvement.
Hudgins said Solar Array plans to break ground by the third quartere of this year ona 225,000-square-foot thin-film photovoltaic manufacturing plant in the Cordero Mesa businesds park, west of the mattress The company plans to add three more buildings of that size as it he said, with each facilityg employing about 225. Its annual payrol l in the first phase wouldbe $14 million. About five percen of the jobs wouldpay $100,000, 45 percent woulc pay $70,000 and half of the jobs woulf pay $45,000.
The capital investment for the first phase willbe $170 millio n and the company would spenx $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 spacr that will serve as a community and educational Solar Array is seeking $175 million in industrialo revenue bonds from Bernalillo The company is working to raise $210 millionn in debt and equity, Hudgina said. Hudgins said New Mexico beat out two other statex forthe plant, despite the fact that it did not offee the largest incentives.
But the coordination amonh local and state government officials and othetr parties made New Mexico far more efficienft in establishing a planning framework that the companyy could then use to plan a budget for the hesaid “That was a major issus for us,” Hudgins said. He also praisede the labor force here and theeducationakl institutions. The facility is being designed byPageSoutherlandPagse LLP, which has Texas offices in Austin, Dallads and Houston, as well as Denver, D.C. and London, U.K. Hoffma n Construction, based in Portland, Ore.
, is building the

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