Today, Governor Susana Martinez announced homegrown manufacturing company, PESCO, will expand operations and create up to 180 new jobs bringing their total headcount in San Juan County to over 550. The company also plans to invest more than $7.5 million in expanding their main facility by 20,000 square feet. This expansion is being supported by New Mexico's closing fund, LEDA.
"I'm so proud to see another world-class homegrown manufacturing leader expand in New Mexico," said Governor Susana Martinez. "Since 2011, we have worked hard to make New Mexico a great place to for our homegrown companies to thrive and create jobs in our communities - today, we're seeing those efforts pay off."
PESCO's core business is manufacturing process equipment for the oil and gas industry. They sell equipment in North Dakota, Colorado, Texas and New Mexico.
PESCO's expansion will enable the company to build new reactor units for BayoTech, a homegrown New Mexico start-up, for the chemical and agriculture industries. The new units will diversify PESCO's operations, add new jobs, and contribute to New Mexico's innovation economy.
