FOR IMMEDIATE RELEASE
Date: February 24, 2021
Contact: Joanie Griffin, firstname.lastname@example.org, (505) 764-4444
Lancs Industries Relocating Operations to Albuquerque in Early 2021
Largest manufacturer of radiation shielding and containment products in North America will soon be operating from New Mexico
ALBUQUERQUE – Lancs Industries, the largest manufacturer of radiation shielding and containment products in North America, will soon call the Albuquerque region home, following a relocation from the Seattle, Washington region.
The manufacturing operation of Lancs Industries at complete ramp up will create more than 75 jobs in Albuquerque and deliver an economic impact in the first full year of operation of more than $10 million.
Lancs Industries produces products that facilitate the safe handling of radioactive nuclear waste and provide shielding from nuclear emissions. The company has produced over 80% of the radiation shielding used in United States nuclear power plants and Naval facilities and is one of the largest producers of flexible lead-free shielding products made from tungsten, bismuth, and iron. Lancs is a supplier to Los Alamos and Sandia National Laboratories, the Waste Isolation Pilot Plant in Carlsbad, and to companies and agencies in over 15 countries outside the United States. A producer of containment products used in medical and pharmaceutical research and manufacturing, Lancs also began producing PPE at the onset of the Covid-19 pandemic.
“When we began exploring the region as a potential new headquarters for our business in late 2019, Albuquerque Economic Development (AED) provided key information that made the decision easy – insightful economic data on the region, comparisons to other markets, and key referrals to numerous business, government, energy, and financial service professionals which assisted our market evaluation and decision-making process. Another important opportunity is the state’s Job Training Incentive Program (JTIP),” said Lewis Byrd, Lancs Industries President.
The company has made a permanent investment in the region, purchasing a 26,000 square foot facility in the Renaissance Center with the assistance of Jim Smith of CBRE.
“Albuquerque stands apart from the crowd as a leader for businesses looking to expand and grow. Lancs Industries is another great example of a national company making Albuquerque their home base,” said Mayor Keller. “We’re working hard to keep adding to our momentum in creating jobs and opportunity so we can get back to our pre-pandemic growth.”
Albuquerque Economic Development supports business expansions in the region as well as business relocations, providing early market analysis, site selection, access to labor and incentive support. “It is a tremendously encouraging indication of the value proposition of our market to see a strong uptick in interest and commitments being made by companies like Lancs Industries,” added Danielle Casey, AED President & CEO.
Lancs Industries is completing renovations and will begin recruitment of the Albuquerque workforce later this month.
About Lancs Industries.
Since its founding in 1974, Lancs Industries has built a reputation as the premier manufacturer of shielding and containment products in the nuclear power and hazardous waste remediation sectors and has continued to increase its product offerings in the medical and pharmaceutical sectors. For more information about Lancs Industries, visit www.lancsindustries.com.
AED is a private, nonprofit organization whose mission is to recruit business and industry, help local companies grow and generate quality job opportunities throughout the Albuquerque metro area. AED provides confidential assistance to businesses considering the area for expansion and new investment. Since its creation in 1960, AED has recruited more than 250 companies and more than 35,000 jobs to the Albuquerque metro area. AED also provides retention and expansion assistance to existing industry. For more information about AED, visit www.www.abq.org.