Monday, February 02, 2015 6:14:09 PM
New Mexico battled several other states, including Texas, for the factory. Ultimately, Witthuhn says New Mexico offered a better package that included job training and tax credits.
They expect to open up in spring of 2015, and will begin hiring then as well.
The company will be taking over the old SOLO cup factory which was previously vacant. The company plans to throw $50 million in to the project that will create 300 new jobs.
Global Fashion Technologies Inc. takes scrap fabric from apparel manufacturers and deconstructs it into cleaner and stronger fiber before re-selling it. Most of those scrap fabrics either head to a landfill or an incinerator.
Tom Witthuhn, Global's CEO, said the factory is a huge win for the environment and for the city of Belen.
“This is a great community and one that can partner with to make an impact,” Witthuhn said.
Once I thought I was wrong; but I was mistaken.
Recent AHRO News
- Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • InvestorsHub NewsWire • 04/16/2024 05:30:00 PM
- Maybacks Global Partners with WiseDV in Launching iDreamCTV: A Next-Generation Streaming Platform • InvestorsHub NewsWire • 04/08/2024 12:30:00 PM
- Maybacks Global Signs Agreements with World's Largest Digital Ad Agencies • InvestorsHub NewsWire • 04/04/2024 12:30:00 PM
- Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • InvestorsHub NewsWire • 03/27/2024 01:00:00 PM
- Former SONY Music SVP of Merchandising Joins Authentic Heroes Team • InvestorsHub NewsWire • 03/20/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 01:00:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 06:38:13 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/15/2024 05:22:56 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 06:08:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 06:34:45 PM
- MAYBACKS AND LOCAL BTV EXPAND AD SHARE AGREEMENT INTO 65 MARKETS • InvestorsHub NewsWire • 08/29/2023 12:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 09:28:13 PM
- Maybacks Global Entertainment Signs 5 Year Ad Share Agreement with Didja Inc. • InvestorsHub NewsWire • 08/03/2023 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/10/2023 12:47:39 PM
- Authentic Holdings Completes Acquisition of Goliath Motion Pictures Promotions for $5.3 million • InvestorsHub NewsWire • 06/20/2023 12:20:12 PM
- Authentic Holdings Inc. Releases Management Update and 2023 Outlook • InvestorsHub NewsWire • 05/10/2023 01:00:00 PM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM