A technology company has established its U.S. headquarters in the Tucson area, with plans for a $6 million capital investment and the hiring of 30 people over the next year, TREO announced Wednesday.
Duralar Technologies, described as a global nanotechnology company that offers state-of-the-art, ultrahard coatings, has leased a 5,000-square-foot building at 7620 N. Hartman Lane in Marana.
The facility will be open by May, officials of Tucson Regional Economic Opportunities Inc. said in a news release.
The jobs will be a mix of material science, chemical and electrical engineering positions, technicians and management positions.
Duralar Technologies was cofounded by P&P Holding and Andrew Tudhope, a Silicon Valley engineer and entrepreneur.
“We believe the Tucson region is an emerging technology hub,” Tudhope said in a written statement.
“We chose this market for several reasons, including access to technology at the University of Arizona, an attractive cost of living and strong regional support. The process was smooth from start to finish.”
Through TREO, the company worked with Marana, Pima County, the Arizona Commerce Authority and CBRE.
Job-training incentives through the state and the county, as well as job-creation incentives through Marana, are under discussion, said TREO Senior Vice President Laura Shaw, adding that she could not give a potential dollar figure for their value.
P&P Holding is also the parent of two other coating companies, Protec Surface Technologies and ProtimLafer, both of Italy.
“Duralar coatings incorporate proprietary, diamond-based nanotechnology that provides unprecedented hardness for numerous applications in industries such as oil and gas, automotive, pulp and paper, and aerospace,” the TREO news release said.
Duralar Technologies joins more than 30 headquarters that call Southern Arizona home, said Joe Snell, TREO president and CEO, adding, “Our technology strengths continue to be an attractive asset for economic development success.”