Work may began sometime in the first quarter of next year on a new manufacturing plant in the Santa Teresa Border Zone.
The New Mexico Economic Development Department has announced that it is awarding $160,000 in Local Economic Development Act funding to Cymmetrik to help get the project underway.
Launched in 1969 in the city of Taipai, Taiwan, Cymmetrik in the last five decades has emerged as a major presence in the packaging materials and labels world.
With eight other manufacturing facilities to its name, Cymmetrik makes labels that are used in everything from the communications, to food and beverage, and pharmaceutical industries.
That includes ingredient labels on the sides of olive oil bottles, warning labels, and even bar codes.
In a statement, Anton Tao, a Cymmetrik spokesperson, said the new Santa Teresa facility will mark the company’s “first manufacturing site in North America.”
State and local officials have been working for months with the company in an effort to secure its agreement to build in Santa Teresa.
Melinda Allen, interim president of the New Mexico Partnership, which was instrumental in the deal, asserted that one of the reasons why Cymmetrik finally decided to locate in the Land of Enchantment is the state’s “strategic location and world-class manufacturing environment.”
Those assets, added Allen, have proven to be enticing assets for “companies that are rethinking their global strategies.”
By Garry Boulard