Xxentria Technology Materials Company, one of the world’s leading manufacturers of metal composite materials will open an office and manufacturing/distribution facility in New Mexico and will co-locate production operations across the international border in Chihuahua, Mexico.
The company has purchased land for its facilities in Santa Teresa, NM, with a production plant planned in Chihuahua, Mexico. It will utilize the Santa Teresa/San Jeronimo international border crossing which connects the 70,000-acre bi-national community known as “Los Santos” as well as Union Pacific’s Intermodal Terminal in Santa Teresa.
Xxentria has purchased a 40-acre site across from the FedEx Ground facility in the 2,600-acre Westpark Logistics Center in Santa Teresa and anticipates starting construction in 2021. While final plans are still being formulated, the company expects to invest significantly in the state in terms of financial capital and employment, with a projected initial hire of 35 employees for its New Mexico operation.
Xxentria is a major producer of galvanized steel and aluminum composite panels for both the transportation and architecture industries. The new location will allow it to better serve U.S. customers. Xxentria plans to establish its New Mexico offices in 2021 before proceeding with development in Chihuahua.
“Santa Teresa/San Jeronimo is the future of the border region. Establishing manufacturing operations in North America will allow us to better service our valued customers in the United States,” Howard Chen, Chairman and CEO of Xxentria, said. “The State of New Mexico has a pro-business climate and is aggressively attracting manufacturing companies like ours. Many of our key suppliers will also follow us and we look forward to building a long-term relationship with the State of New Mexico.”
“New Mexico has incredibly diverse economic potential and our southern border is ripe for growth,” Governor Michelle Lujan Grisham said. “I’m thrilled Xxentria recognizes the unique opportunity presented by our international border and I know we will continue to demonstrate to the country, and indeed the globe, that innovation has a home here in the Land of Enchantment.”
“New Mexico’s border with Mexico is one of our biggest economic development assets,” Cabinet Secretary Keyes said. “And now, as a result of the pandemic, we have an even greater opportunity to restore manufacturing to the United States and to collaborate with our neighbors and friends in Chihuahua. Together we are building a globally competitive North American manufacturing and distribution hub.”
The Economic Development Department is supporting the project with assistance through the Local Economic Development Act (LEDA), a fund created by the Legislature to help businesses grow or relocate in New Mexico and create jobs. The state has tentatively pledged $750,000 to the company from LEDA.
Release courtesy of the New Mexico Economic Development Department. Posted September 10, 2020
