New Mexico Economic Development Department (EDD) Secretary Alicia J. Keyes announced today that a third Taiwanese company has decided to locate a manufacturing operation in Santa Teresa, New Mexico.
Cymmetrik signed a lease and is set to begin operations in New Mexico in the early part of 2021. Cymmetrik, a Taiwanese family-owned company, is the biggest label printer and converter in China with three factories in Southeast Asia. The expansion of manufacturing to Santa Teresa represents its first in North America.
Cymmetrik is a world leader in applied printing, processing, and manufacturing, and has established deep, firm partnerships over the years with top-tier global names in electronics, personal/home consumables, medical, and automotive industries, according to the company.
“This project, helmed by Cymmetrik Technologies USA Southwest, Inc. in Santa Teresa, N.M., represents Cymmetrik’s first manufacturing site in North America. Once complete, it will provide local services to surrounding ICT (Information and Communications Technology) and automotive companies,” Cymmetrik’s North American spokesman Anton Tao said.
“Cymmetrik is grateful for all the support from the state and local governments. Their prompt services and economic support from the very beginning were significant assets and smoothed the entire process greatly. As Cymmetrik’s first manufacturing site in the United States, we will strive to become a model of not just business success, but also one of corporate social responsibility,” Tao added.
“New Mexico’s strategic location will continue to be a key factor for innovative companies seeking to expand,” Governor Michelle Lujan Grisham said. “I remain incredibly optimistic about our state’s ability to attract and maintain new business partnerships in the border region.”
“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,” Secretary Keyes said. “Admiral Cable, Xxentria, and now Cymmetrik see the advantages of being close to the international border in New Mexico and others will follow.”
The state has awarded $160,000 from its LEDA job-creator fund to Cymmetrik for 10 new jobs. Xxentria is planning to hire 35 supervisory employees in New Mexico and Admiral Cable is hiring 342 employees for manufacturing for its new 195,000-square-foot factory set to open in early 2021.
Release courtesy of the New Mexico Economic Development Department.[/vc_column_text][/vc_column][/vc_row]
