Prent Corporation, the world’s leading designer and manufacturer of custom plastic, rigid thermoform packaging for the medical, electronics, and consumer industries, will open a new manufacturing facility in Santa Teresa, New Mexico.
The company plans to invest $12.5 million and create 85 new jobs. If approved, Prent will build a 62,500 square-foot facility with the capacity to double its footprint in five years.
The New Mexico location, Prent’s 11th manufacturing facility, will be located in the Santa Teresa Industrial Park. Operations are expected to begin in the Fall of 2021, with construction to start as soon as approvals are in place.
“The Borderplex region makes perfect sense for Prent. It’s an area ripe for innovation and partnership,” Mark Rothlisberger, Sr. Vice President of Manufacturing for Prent, said.
“For over three years we’ve worked closely with partners in the region to make this a reality. Over and over, we heard that the strength of the region is its collaboration across borders. Today’s announcement is a vindication of that model, one integrated region working together towards success,” Rothlisberger said.
The State of New Mexico is supporting the relocation with $500,000 in economic assistance from the Local Economic Development Act (LEDA) fund, a job-creation or closing fund administered by the EDD.
?"Southern New Mexico is brimming with opportunity," Govermpr Michelle Lujan Grisham said. "The growth potential here is limitless. These good-paying jobs are proof positive that New Mexico is known around the country as business-friendly and a great place to invest right now."
“New Mexico’s incentives and our logistical advantages help companies like Prent reposition manufacturing to take advantage of new supply chain realities,” Economic Development Cabinet Secretary Alicia J. Keyes said. “Santa Teresa with its efficient international border crossing and the Union Pacific Intermodal facility will boost Prent as it expands its markets and help the state create better paying manufacturing jobs.”
Rothlisberger thanked the partnerships that helped bring Prent to New Mexico, including the New Mexico Economic Development Department, Borderplex Alliance, Mesilla Valley Economic Development Alliance, and New Mexico Partnership.
Prent is also receiving economic assistance from Doña Ana County with a proposed IRB ordinance that goes to public hearings in the coming weeks.
“We are happy to welcome Prent, a quality and industry-leading manufacturing company, to the Santa Teresa Borderplex region. This area of the state is extremely active with more and more companies taking advantage of the pro-business environment, access to talent, and logistical assets that New Mexico has to offer,” added Melinda Allenm, New Mexico Partnership.
“This is another great team effort," Jon Barela, CEO of The Borderplex Alliance, said. "We brought Prent to our colleagues in New Mexico, and they acted quickly to ensure the company had everything they needed to succeed. My sincerest congratulations to Governor Lujan Grisham, the Mesilla Valley Economic Development Alliance, and the New Mexico Partnership on their cooperation and success in attracting jobs, talent, and capital to Doña Ana County. "
According to state officials, like other Prent sites, the facility will be ISO 13485 certified, have a class 8 certified clean room, and utilize the same Prent designed/built thermoformers used globally. The majority of parts that Prent produces are sterile barrier packages for medical devices. As such, the facility will be required to pass a detailed audit by the companies receiving product from Prent. Passing the audit offers Prent more supply chain certainty because the industry has high regulatory barriers for any new competition.
Headquartered in Janesville, Wisconsin, Prent’s global footprint is strategically located to supply many of the world’s leading Fortune 100 companies.With almost 600 employees, Prent has opened five greenfield facilities in the last ten years, and has never laid off an employee in its 53-year history.