20
Apr

Albuquerque Business First
By Rachel Sapin, Reporter
PUBLISHED: Jan 20, 2017

Amfabsteel Inc. and Phat Steel Inc., two separate but connected manufacturing companies, announced Friday they are adding 63 jobs in Bernalillo.
Amfabsteel, a structural steel fabrication and manufacturing company, will be adding 43 jobs. Phat Steel, a miscellaneous steel fabrication and manufacturing company, will be adding 20 jobs.Denice Tally,

Denice Tally, special projects manager with Amfab, said both companies are taking applications for the following positions: project manager, estimator, steel detailer, estimator, IT tech, quality control, structural steel fabricator, forklift operator and shop assistant.

Amfabsteel and Phat Steel President and Managing Partner Mark Mosher said in a statement the companies will be using state incentives to more than double the size of both companies. Amfab will use $608,868 from New Mexico’s Job Training Incentive Program this year to train employees and Phat Steel will use $168,374 from JTIP for its employees. The companies will also be using a state incentive known as the Workforce Innovation and Opportunity Act.

Bob Preble, director of business development at Sandoval Economic Alliance, lauded the expansion in a statement.
“Homegrown businesses like Amfabsteel and Phat Steel bolster our local economy by investing in growing their workforce locally,” Preble said.
Amfabsteel had $35 million in sales in 2016 while Phat Steel had $2.5 million.

Established in 1984, Amfabsteel Inc. employs 59 people and has more than 30,000 square feet of facilities. Established in 2006, Phat Steel Inc. employs 14 people and has more than 10,000 square feet of facilities.

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