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A third Taiwanese company is locating a manufacturing operation near the Santa Teresa Port of Entry, New Mexico Economic Development Department (NMEDD) Sec. Alicia J. Keyes has announced.
Cymmetrik signed a lease and is set to begin operations in New Mexico early this year. Cymmetrik, a Taiwanese family-owned company, is the largest label printer and converter in China, with three factories in Southeast Asia. The expansion of manufacturing to Santa Teresa represents its first presence in North America, NMEDD said in a news release.
Cymmetrik joins Admiral Cable and Xxentria as Taiwanese-based companies moving operations to Santa Teresa, NMEDD said. The New Mexico location offers Cymmetrik and other companies assets that include the Union Pacific Intermodal Terminal, the Doña Ana County International Jetport and access to Interstate 10.
Bringing one business from Taiwan is an anchor, bringing two is a movement and bringing three is “a compelling story that New Mexico is in a great position to re-shore Asian business,” said Border Industrial Alliance (BIA) President Jerry Pacheco of Santa Teresa. 2020 is “the best year we’ve ever had in terms of building new space and recruiting new business,” Pacheco said.
Santa Teresa, he said is “very primed to hit the ground running” and have another great year in 2021.
“New Mexico’s border region is well positioned for growth as companies from all over the world look to diversify their production plants and distribution centers to locate closer to North American customers,” Keyes said. “Admirial Cable, Xxentria, and now Cymmetrik see the advantages of being close to the international border in New Mexico, and others will follow.”
Cymmetrik is a world leader in applied printing, processing and manufacturing, and the company has established deep, firm partnerships through the years with top-tier global names in electronics, personal/home consumables, medical and automotive industries, communications technology and automotive companies,” Cymmetrik’s North American spokesman Anton Tao said.
NMEDD and state officials made a 2019 trade visit to Taiwan, the news release said. NMEDD has also opened a trade office in Taipei. This liaison will work with existing Taiwanese companies looking to expand into North America to familiarize them with New Mexico and will work with the New Mexico Department of Agriculture, based in Las Cruces, to increase state agricultural exports in the region.
The logistical connectivity to Mexico and the rest of the United States, coupled with competitive production costs, is making Santa Teresa the fastest growing industrial base on the U.S.-Mexico border, NMEDD said.
New Mexico led all 50 states in 2019 export growth (31 percent), according to statistics from the U.S. Census Bureau, NMEDD said. Additionally, New Mexico’s export growth to Mexico (68 percent) leads the nation and is directly attributable to the expansion in Santa Teresa.
With about 5,500 residents, Santa Teresa has .001 percent of New Mexico’s population, but generates more than half the state’s nearly $4 billion in exports to the world, Pacheco said.
Formed in 2009, BIA is a nonprofit industrial advocacy group comprised of 125 industrial members that account for 6,000 employees and billions of value-added production in the Santa Teresa/Las Cruces corridor. It is the largest industrial association in New Mexico.
New Mexico has awarded $160,000 from its Local Economic Development Act job-creator fund to Cymmetrik for 10 new jobs, the news release said. Xxentria is planning to hire 35 supervisory employees in New Mexico and Admiral Cable is hiring 342 employees for manufacturing at its new 195,000-square-foot factory set to open this year.