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Area Development - Site Selection, Facility Planning and Workforce Development

Taiwan-Based Hota Industrial Manufacturing Plans Santa Teresa Borderplex, New Mexico, Operations

07/05/2023
Taiwan-based Hota Industrial Manufacturing, a manufacturer of automotive gears for North American and European clients including Tesla, plans to establish operations in Santa Teresa Borderplex, New Mexico. The $72 million project is expected to create 350 jobs.

The investment will include a 30-acre parcel located at the Westpark Industrial Park. Construction on the new facility is scheduled to begin in 2024.

“Hota chose New Mexico’s Borderplex because of the availability of desirable land, the workforce, and our logistical advantages that provides access to both Mexico’s factories and North American customers,” said Economic Development Cabinet Secretary Alicia J. Keyes. “Hota is one of several new companies who see New Mexico as a solution to fortify and diversify their global supply chain.”

Pending approval, the project will qualify for incentives including, the High Wage Jobs Tax Credit, the Manufacturers Investment Tax Credit, as well as job-training assistance through the Job Training Incentive Program (JTIP) and job-creation grants from the Local Economic Development Act (LEDA) for land, buildings and infrastructure.

Hota is the largest automotive gear transmission component company in Taiwan with annual production of nearly 20 million transmission gears. Approximately 4.32% of the company’s products are sold domestically, while 95.68% are exported. Hota's major customers consist of large European and American automobile manufacturers and their first-tier suppliers.

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