Franklin Mountain Packaging expands operations in Santa Teresa

Category: News
Published: 2023-06-12
Franklin Mountain Packaging expands operations in Santa Teresa

SANTA TERESA, NM – Franklin Mountain Packaging, a manufacturer specializing in the production of high-quality corrugated microflute and digital printing and die-cutting films, has signed a lease for a new 150,000-square-foot production and warehouse facility under construction in the New Mexico Borderplex.

The new facility is adjacent to Franklin Mountain Packaging’s (FMP) existing 140,000-square-foot building located at 401 Ascension Avenue, Santa Teresa, N.M. The company expects to add 60 employees over the next three years, bringing the total number of employees at its New Mexico facility to 155.

For the company’s expansion, the State of New Mexico invested $500,000 from its Local Economic Development Act (LEDA) Job Creation Fund to support the expansion. FMP’s expansion announcement is the third this summer for companies in the Santa Teresa Borderplex region.

“Franklin Mountain Packaging is one of several companies that have recently announced plans to increase jobs and invest capital in New Mexico’s Borderplex region,” said New Mexico Economic Development Secretary Alicia J. Keyes.

She added that companies like Franklin Mountain Packaging are taking advantage of the logistical and cost advantages of doing business along New Mexico’s international border as they invest in more robust and resilient transportation networks and supply chains.

FMP’s Quantum corrugator is one of only two of its kind in North America and one of only fourteen in the world. Not only does Quantum have advanced corrugated sheet manufacturing capabilities, it uses 30% less energy and square footage than traditional corrugators.

Santa Teresa’s location provides FMP with easy access to El Paso, Phoenix, the southwestern U.S. and northern Mexico along I-10, I-25 and I-40, where it can easily serve its customers.

“The State of New Mexico’s attention to the border region in recent years and its infrastructure investments are making the area an attractive location for industrial development,” said Paul Foster, CEO of Franklin Mountain Investments. “Joint efforts at the Santa Teresa border crossing between the State of New Mexico and the State of Chihuahua are also moving the needle.”

The company is receiving expansion assistance from the Mesilla Valley Economic Development Alliance (MVEDA). MVEDA has awarded Franklin Mountain $150,000 in financial assistance from the NMBorderplex Closing Incentive, a local incentive administered by MVEDA and the Community Foundation of Southern New Mexico.

The Santa Teresa Port of Entry is a primary crossing between the United States and Mexico, and is the first land port without a bridge structure from the east. As such, it serves a critical function for the industrial regions of El Paso and Ciudad Juarez, as it is the only port with oversize and overweight, not limited by space or weight.