Axiscades, an India-based engineering firm, is coming to Tucson and bringing 300 new jobs over the next five years with it, Sun Corridor officials announced today. The firm serves heavy equipment, mining and other industries. Munjay Singh, the firm's CEO, called Caterpillar the 'primary customer' for Axiscades.
"We chose Tucson to be closer to Caterpillar, one of our key customers, as well as other clients in the mining industry," said Mritunjay Singh, CEO and Executive Director of AXISCADES. "The entire region is strong not only in mining but also other key AXISCADES strategic growth areas such as aerospace, defense and healthcare."
The company has leased office space at 177 North Church Avenue in downtown Tucson. AXISCADES joins other name brands such as Caterpillar, Hexagon Mining, Ernst & Young, Tucson Electric Power and Madden Media, among others that have expanded operations in Tucson's core.
In 2016, Caterpillar Inc. decided to relocate its Surface, Mining & Technology Division to Downtown Tucson, along with up to 600 executive jobs over a five-year period, for an estimated economic impact of $600 million. Caterpillar’s 150,000-square-foot building is under construction west of downtown and is expected to be completed by March 2019.
AXISCADES Engineering Technologies Ltd (A listed entity on Indian Stock Exchange) provides Engineering Services to Aerospace, Heavy Engineering, Automotive and Industrial Products sectors.
The new Tucson operation will expand the company's ability to provide engineering services to U.S.-based manufacturers, and in particular mining clients in Southern Arizona.
"This is a big win for Tucson and the entire region," said Governor Doug Ducey. "Two years ago, we welcomed Caterpillar's surface mining and technology division to Southern Arizona. Since then, Caterpillar's significant investment has created a ripple effect throughout the community and the state. This is evidenced by the expansion of one of their key suppliers, AXISCADES. The AXISCADES expansion will bring new opportunity and jobs for our citizens."
"This is another important benefit of Caterpillar's coming to Tucson: one of its major vendors is moving here, too," said Tucson Mayor Jonathan Rothschild. "Both Caterpillar and AXISCADES add depth and breadth--and well-paying jobs--to Tucson's mining technology industry sector. We look forward to making the folks at AXISCADES welcome in Tucson."
Headquartered in Bangalore, India, AXISCADES Engineering Technologies Ltd has 10 offices worldwide including North America, Europe and Asia.
Sun Corridor announced recently that a high percentage, 70% of Caterpillar’s employees, accepted to relocate to Tucson.
Key project partners include Arizona Commerce Authority, Pima County, City of Tucson, Tucson Electric Power and Sun Corridor Inc.
Last week, Texas Instruments Inc. announced plans to build a new $29 million facility, adding at least 35 high-paying jobs over time in Tucson.
Tucson also recently landed a new Amazon fulfillment center earlier this year, which will employ more than 1,500 full-time workers.