W. Silver Recycling plans to build a 120,000-square-foot processing facility in Santa Teresa, New Mexico.
The recycler plans to establish a distribution and processing hub in Santa Teresa for nonferrous metals. W. Silver is set to begin construction on the facility on 60 acres. It will house a recycling processing plant that’s expected to be operational by the end of the year and add about 50 jobs to the community.
State Economic Development Department pledged $200,000 to W. Silver Recycling from the state’s Local Economic Development Act closing fund for the jobs at the site. W. Silver is investing about $7 million into this project.
The Economic Development Department said the company plans to use the Santa Teresa location as a hub for its nonferrous materials business, including aluminum, copper and brass. W. Silver Recycling likes the Santa Teresa location because of the community’s business incentives as well as transportation advantages. The city has a direct port of entry to Mexico.
“The location offers us a great logistics advantage,” says Lane Gaddy, CEO of W. Silver Recycling. “The border crossing, the overweight cargo zone and the rail and truck connections all make for an opportunity we are very excited about.