Xxentria to relocate facility to New Mexico
A Taiwanese manufacturer of metal composite materials announced Thursday it is relocating a distribution facility to a booming New Mexico border town.
New Mexico Economic Development Secretary Alicia J. Keyes said the Xxentria Technology Materials Co. has purchased land for its facilities in Santa Teresa, New Mexico, with a production plant planned in Chihuahua, Mexico.
Under the company’s plan, Xxentria will convert a 40-acres (16.19-hectares) site across from the FedEx Ground facility in the Westpark Logistics Center in Santa Teresa and anticipates starting construction in 2021.
Keyes said the move was made after she met with company officials in Taiwan last year.
“It’s exciting because it’s on both sides of the border,” Keyes said.
“We feel that attracting companies out of Asia like this, we have a real opportunity to grow” Santa Teresa even more.
Xxentria is a significant producer of galvanized steel and aluminum composite panels for both the transportation and architecture industries.
“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,” said Howard Chen, Chairman and CEO of Xxentria. (AP)