PESCO adds 150 manufacturing jobs in Farmington
Image courtesy of PESCO
Process Equipment and Service Company (PESCO), a long-time New Mexico family-run manufacturing and service business, will expand in Farmington, creating 150 manufacturing-related jobs.
PESCO was founded in Farmington in 1970. The company repairs and refurbishes production equipment for the oil and natural gas industry.
The average salary for the new jobs will be $40,000 a year plus benefits, according to a recent news release from the New Mexico Economic Development Department.
“PESCO is a home-grown company, marking a significant expansion,” said Gov. Susana Martinez in the statement. “I had the pleasure of touring the PESCO facility a couple years ago, and we talked at that time about ways in which the state could better partner with businesses in order to make expansions like this possible. Diversifying our economy is critical to long-term economic growth in New Mexico.”
The company will expand its current facility by 16,000 square feet. It currently employs 340 workers, and operates in nearly 100,000 square feet of production space.