Corrugated Synergies Announces $31 Million Manufacturing Investment in Santa Teresa, NM
Manufacturers in Santa Teresa, New Mexico, are about to have new opportunities in the field. Corrugated Synergies International representatives announced May 21 they will set up shop there and bring 120 jobs to the new location. They will invest $31 million to renovate and install manufacturing equipment at the new facility.
In addition to new opportunities for those in New Mexico, Santa Teresa is near the Texas border. This may also mean jobs for residents of the Lone Star State, one that lost the bid for the new facility along with Nevada. But what will these manufacturers be producing at the new facility — and what does the investment mean for Santa Teresa and the state?
Corrugated Synergies International
Corrugated Synergies International is headquartered in Renton, Washington. It has been producing corrugated cardboard since 1982.
New Mexico Governor Susana Martinez worked to bring this manufacturer to the state. Along with representatives of the Mesilla Valley Economic Development Alliance, she visited the Corrugated Synergies Renton headquarters. Their efforts paid off and led to Corrugated Synergies executives choosing the new location in New Mexico. Although its parent company moniker will remain the same, executives will call the new Santa Teresa facility Visual Impact Preprint.
New Mexico
Due to its proximity to Mexico, the new facility in Santa Teresa will be in an optimal location to export products to our neighbor to the south. In addition, it will provide supplies locally. Visual Impact Preprint may also open import routes by sourcing materials from Mexico for use in production.
On the financial side, New Mexico “has invested nearly $130 million in infrastructure improvements in Santa Teresa to attract business to the area.” Including “roadway reconstruction, new roads, flood control, water and wastewater infrastructure, an airport fire station and port of entry visitor center,” these investments were also meant to help established New Mexican businesses expand. As part of these initiatives, “The New Mexico Economic Development Department will invest up to $1 million in Local Economic Development Act or LEDA funds for the expansion.” In turn, Corrugated Synergies and Visual Impact Preprint will provide economic opportunities for Santa Teresa manufacturers and fellow professionals in the surrounding area.
The decision for Corrugated Synergies to bring business to New Mexico also solidifies the state’s place as a growing home for manufacturing. This will allow for further economic development in the area. While the deal took four years for stakeholders from New Mexico and Corrugated Synergies to work out, according to the Albuquerque Journal article, no date is set for the official opening of the Visual Impact Preprint facility.
