Israel-based household and garden plastic products manufacturer Keter Plastic will invest US$ 36 million to renovate and expand an existing facility in Belen, New Mexico, adding 175 new jobs on the run. New positions will include manufacturing and production operators, technicians, engineers, managers and others, the state’s Economic Development Department revealed in a press release.
The company chose New Mexico over California, Arizona and Nevada because its “business-friendly climate made the decision an easy one”, said Tony Jonas COO of Keter Plastics. "We are proud to be making a long-term investment”.
Keter Plastics belongs to the Keter Group, which operates 18 factories and two distribution centers in nine countries. The company sells its products in more than 100 countries worldwide.
"We're proud to welcome another large-scale investment to Valencia County to create jobs here," said Economic Development Secretary Matt Geisel. "Manufacturing jobs like these show what happens when we work together to make New Mexico more business friendly."
Through this new investment, Keter is purchasing, renovating, and expanding the old Solo Cup facility in Belen —and acquiring an additional 14 acres to add at least 60,000 square feet to the current 25-acre, 165,000 square-foot building.
The New Mexico Economic Development Department will invest up to US$ 2 million in Local Economic Development Act funds in the expansion. LEDA is New Mexico's closing fund, a tool that recruits new businesses to the state while helping those that are already here grow and thrive.
Through the expanded facility, and with use of Belen's existing rail spur, Keter will take in an estimated 60 to 100 tons of raw materials each day to produce 10 to 15 truckloads of patio furniture, outdoor sheds, and other products daily for shipment to national retail stores like Home Depot and others.