Corrugated Synergies International Expands Santa Teresa, New Mexico, Manufacturing Complex
CSI is headquartered in Renton, Washington and is an innovative leader in sheet feeding for the corrugated cardboard industry.
The company will invest more than $31 million in infrastructure, production equipment, and the renovation of their new facility.
"We are proud to be making a long-term investment in New Mexico by placing our newest manufacturing facility in Santa Teresa," said John Perullo CEO of CSI.
"New Mexico's business friendly climate made the decision to come to New Mexico an easy one. The Governor’s visit to our corporate headquarters in the Pacific Northwest underscored the State’s commitment to welcome us,” he added.
The New Mexico Economic Development Department will invest up to $1 million in Local Economic Development Act funds in the expansion. LEDA is New Mexico's closing fund, a tool that recruits new businesses to the state while helping those that are already here grow and thrive.
"Once again, the power of New Mexico's economic development tools are on full display," said Governor Susana Martinez. "When we create a business-friendly environment we attract companies, like Corrugated Synergies International, that make an incredible difference in our communities by creating good jobs for New Mexicans."
"We're proud to welcome another large-scale employer and investment to Santa Teresa," said Economic Development Secretary Matt Geisel. "When we work together to make New Mexico more business friendly, and invest in our critical infrastructure, we’re able to help attract new businesses and help our homegrown companies thrive."
”Thanks to a series of bold reforms and bolstered economic development tools, we’re better equipped to recruit companies to our state,” said President & CEO of the New Mexico Partnership, Tim Nitti. “Through our collaborative efforts, we’re recruiting new businesses to New Mexico.”
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