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Stock impact report

ERMCO Expands Transformer Manufacturing West with New Arizona Facility [Yahoo! Finance]

Pinnacle West Capital Corporation (PNW) 
Last pinnacle west capital corporation earnings: 2/21 08:40 am Check Earnings Report
US:NYSE Investor Relations: pinnaclewest.com/investors
Company Research Source: Yahoo! Finance
Distribution transformer manufacturer ERMCO announced Jan. 21 it will open a new manufacturing facility in Maricopa County, Arizona—the company's first expansion west of the Mississippi River. The 566,121-square-foot plant in Waddell, approximately 30 miles west of Phoenix, will focus on three-phase transformer production and is expected to be operational in 2027. Foundational work will begin this year. The facility is anticipated to create more than 500 jobs in engineering, skilled trades, and operational support roles. “This expansion is about more than building a facility—it's about building the future,” said Tim Mills, ERMCO president and CEO. “Our goal is simple: power the grid and power progress. This investment ensures ERMCO is ready to meet the challenges of tomorrow.” The move comes as utilities nationwide grapple with transformer supply shortages and extended lead times. Aging grid infrastructure, rapid load growth from data centers and electrification, and grid modernizatio Show less Read more
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