New Mexico Border Authority officials this week got their first look inside the huge, new Foxconn assembly plant just south of Santa Teresa border crossing. Santa Teresa is a focus of New Mexico development due in some part to the anticipated growth in trade with Mexico including the impending and Punta Colonet Mega-Port. Representatives from New Mexico’s Economic Development Department and the Border Authority board of directors were among those participating in the tour.
Foxconn is the trade name for Taiwan-based Hon Hai Precision Industry who broke ground last July on what is to ne the largest maquiladora in Mexico. The first building on the 440-acre campus was completed in February and is the first commercial development in San Jeronimo, an area of desert stretching south into Mexico from New Mexico's Santa Teresa port of entry. Officials believe the plant will become the major driver of economic development on both sides of the border. The plant is currently employing approximately 200 workers however; when the facility is fully completed, the three million square feet of industrial space will to employ and support 20,000 workers.
On the surface this may seem as an innocuous event in an area where very little appears to be happening nevertheless, this is a solid indication of the anticipated potential of future trade prospects in the region.
Foxconn is the trade name for Taiwan-based Hon Hai Precision Industry who broke ground last July on what is to ne the largest maquiladora in Mexico. The first building on the 440-acre campus was completed in February and is the first commercial development in San Jeronimo, an area of desert stretching south into Mexico from New Mexico's Santa Teresa port of entry. Officials believe the plant will become the major driver of economic development on both sides of the border. The plant is currently employing approximately 200 workers however; when the facility is fully completed, the three million square feet of industrial space will to employ and support 20,000 workers.
On the surface this may seem as an innocuous event in an area where very little appears to be happening nevertheless, this is a solid indication of the anticipated potential of future trade prospects in the region.
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