New Mexico lures Taiwanese companies through strong Mexico connection

URLhttps://www.valleycentral.com/border-report/new-me
SourceKVEO-TV
Date Published12/15/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Admiral Cable
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):342
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2021
Offshore, work was done:In-house
Domestically, the work will be done:In-house
Capital investment ($):50
Country(ies) from which reshored:Taiwan, Province of China
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) reshoredassembled electrical cords, power supplies, wires
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Infrastructure, Other, trade missions
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