Mexican food production company Grupo Bafar has started construction on its $21 million distribution center and cold storage warehouse in El Segundo Barrio, one of the city’s oldest neighborhoods. Grupo Bafar is the latest company to capitalize on nearshoring, a growing trend that’s spurring more firms to manufacture goods close to the U.S. market. The plant will be about 3 1/2 hours away from its plant in Chihuahua, Mexico – one of the 37 facilities that Grupo Bafar operates in Mexico.
The 61,000-square-foot facility at 1600 E. 4th Ave. will serve as the company’s U.S. headquarters. The site was once home to Kasco Structures’ steel fabricating facility.
The facility, built by Catamount Constructors Inc., is expected to be finished by December and create 120 full-time jobs.
Grupo Bafar received tax incentives totaling $881,693 from the City of El Paso and El Paso County. The company has committed to using solar power to meet 95 percent of the facility’s power needs.
The post Mexican Food Company Setting Up $21M El Paso Plant appeared first on Connect CRE.