President Biden Tours Arcosa Wind Towers Manufacturing Site in Belen, New Mexico
10 Août 2023 - 1:24AM
Business Wire
Arcosa, Inc. (NYSE: ACA) (“Arcosa” or the “Company”), today
announced President Biden toured the new Arcosa Wind Towers
manufacturing site in Belen, New Mexico. During his visit President
Biden stated:
“Since I signed the [Inflation Reduction Act] into law, Arcosa
has received $1.1 billion of orders for new wind towers and today
we are here breaking ground on a new plant that is going to create
250 new good paying jobs. And meanwhile we are speeding up
permitting for new transmissions lines so that wind energy produced
by these towers reaches people’s homes.”
Antonio Carrillo, Arcosa’s President and CEO, commented, “Arcosa
is proud to have hosted President Biden at today’s event. This new
plant demonstrates the expected long-term positive impact of the
Inflation Reduction Act that is driving the transition to clean
energy and job creation. When completed the Belen plant will
produce wind towers to meet the growing demand for renewable
energy.”
Roger Martella, Vice President of GE Vernova Government Affairs
and Sustainability, commented, “The IRA and IIJA have been game
changers, and the Arcosa facility in Belen is an early proof point
of this success. We congratulate our partners at Arcosa, and we
value our 18-year partnership building clean energy and jobs
together. When America innovates, the world wins, starting here in
Belen.”
On March 14th, Arcosa announced a plan to invest between $55 to
$60 million to purchase property, modify the existing plant, and
procure necessary equipment for the new wind tower manufacturing
facility in Belen, New Mexico. This project is supported by
attractive incentives from the state of New Mexico and the city of
Belen. Production is expected to begin in mid-2024. Since the
passage of the Inflation Reduction Act, the Company has received
wind tower orders in excess of $1.1 billion, including a
significant level of backlog through 2028 for the Belen, New Mexico
facility. Additional capacity is available to support further
expansion in the Southwest region.
About Arcosa -- Arcosa, Inc., headquartered in Dallas,
Texas, is a provider of infrastructure-related products and
solutions with leading positions in construction, engineered
structures, and transportation markets. Arcosa reports its
financial results in three principal business segments:
Construction Products, Engineered Structures, and Transportation
Products. For more information, visit www.arcosa.com.
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MEDIA CONTACT: media@arcosa.com
INVESTOR CONTACTS:
Gail M. Peck Chief Financial Officer
Erin Drabek Director of Investor Relations T 972.942.6500
InvestorResources@arcosa.com
David Gold ADVISIRY Partners T 212.661.2220
David.Gold@advisiry.com
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