Germany-Based thyssenkrupp Materials Plans Santa Teresa, New Mexico, Operations

URLhttps://www.areadevelopment.com/newsitems/3-10-202
SourceArea Development
Date Published03/10/2025

Additional Reshoring Information:

Company/Division name Thyssenkrupp Materials
Parent companyThyssenkrupp Materials
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):100
Year reshoring announced:2025
Year reshoring implemented or to be implemented:2026
Country(ies) from which reshored:Germany
City reshored to:Santa Teresa
State(s) reshored to:NM
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredSteel
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount: $252,630
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