Cymmetrik, a Taiwan-based label producer, has been awarded $160,000 in Local Economic Development Act dollars from the state for the creation of 10 new jobs, according to a news release sent Monday by state officials. “This project… represents Cymmetrik’s first manufacturing site in North America. Once complete, it will provide local services to surrounding [information and communications technology] and automotive companies,” Cymmetrik spokesman Anton Tao said in a prepared statement. The announcement from Cymmetrik follows two other previously planned expansions of Taiwanese companies to the Santa Teresa area.
In December 2018, the state announced the pending expansion of Admirable Cable to the Santa Teresa area as well as Taiwan’s Xxentria Technology Materials Company Ltd. who purchased land for a new facility in September of this year. The news came on the heels of the State announcing that the NM Economic Development Department plans to open an office in Taiwan to network with companies that officials hope will expand to New Mexico. “New Mexico’s strategic location will continue to be a key factor for innovative companies seeking to expand,” Gov. Michelle Lujan Grisham said in a statement. “I remain incredibly optimistic about our state’s ability to attract and maintain new business partnerships in the border region. Click HERE to read more.