Canadian pipe manufacturing company, Endurance Technologies, Inc., has selected Las Cruces as the site of its first U.S. facility, bringing dozens of jobs and more than $50 million in economic impact to New Mexico over the next decade.
Over the next five years, Endurance plans to create 43 jobs in Las Cruces, with an average starting wage of $58,156 in the first year. The company expects to invest $13.4 million in the first three years of operation, with total capital expenditures of $18.6 million and a projected $54.5 million in economic impact for New Mexico over the next decade.
This project is a significant expansion for the Calgary-based company, which has serviced the oil and gas industry for over 30 years. The new Las Cruces facility will allow Endurance Technologies to expand its U.S. footprint, increase production capacity, and better serve U.S.-based customers.
“Projects like this are how we build New Mexico’s economy,” said Rob Black, cabinet secretary for the New Mexico Economic Development Department. “Endurance Technologies is bringing jobs and investment to Las Cruces, and we’re excited to see them get started and grow here.”
“From the moment we began spending time in New Mexico, it was clear this was the right place for our next chapter,” said Jeff Pitura, president & CEO of Endurance Technologies, Inc. “Endurance was founded more than 30 years ago as a family business, and that spirit still guides how we operate today. In Las Cruces, we found not only the workforce and infrastructure we need to grow, but also a community that shares our values.”
Endurance Technologies will operate at the City of Las Cruces’ Innovation & Industrial site, where the company has purchased and will renovate an existing 45,050 square feet building situated on 15 acres.
“We’re excited to welcome Endurance Technologies to Las Cruces,” said Las Cruces Mayor Eric Enriquez. “This investment brings new life to an important industrial site, creates quality jobs for our residents, and continues the momentum we’re building to attract innovative manufacturers to our city.”
This project is the result of close collaboration between the State of New Mexico, City of Las Cruces, Mesilla Valley Economic Development Alliance and New Mexico Partnership.
“This announcement reflects years of work to position our region for projects like this,” said Davin Lopez, president & CEO of the Mesilla Valley Economic Development Alliance. “Endurance Technologies’ investment sends a strong signal that Las Cruces and the Mesilla Valley are ready to compete and win on a national and international stage.”
Endurance Technologies, Inc., received local and state incentives, including local LEDA, Industrial Revenue Bond (IRB), NMBorderplex Closing Incentive and Job Training Incentive Program (JTIP) funds to support Endurance Technologies’ capital investment. They are expected to open the Las Cruces operation before the end of the year.