October 8th, 2020, Santa Teresa, N.M. – New Mexico Economic Development Department (EDD) Secretary Alicia J. Keyes announced today that a third Taiwanese company has decided to locate a manufacturing operation to the Santa Teresa Border Zone in Southern 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.
“New Mexico’s strategic location will continue to be a key factor for innovative companies seeking to expand,” Gov. Michelle Lujan Grisham said. “I remain incredibly optimistic about our state’s ability to attract and maintain new business partnerships in the border region.”
Cymmetrik joins Admiral Cable and Xxentria as Taiwanese-based companies that are moving operations to Santa Teresa. The New Mexico location offers Cymmetrik and other companies significant advantages with a low cost of business as well as logistical assets, including the Union Pacific Intermodal Terminal, the Doña Ana County International Jetport, and Interstate 10.