Custom injection molder D.A. Inc. is setting up a second plant.
D.A. chose to locate the facility in Santa Teresa, N.M., to be close to automotive markets in Mexico. The Indiana company has signed a lease on a 67,000-square-foot building and expects to begin operations in late January.
The plant initially will employ about 42 and the staff will grow to about 50 within three years, the company said. D.A.'s initial capital investment in the project is about $2.5 million.
``We believe the area will offer an enthusiastic workforce with innovative ideas,'' said Jeff Smith, plant manager for D.A.'s Santa Teresa operation, in a news release.
The firm was established in Charleston, Ind., in 1989. In 2000 it built a new facility in Charleston, expanding it five years later.
The company has been a Tier 1 supplier to Toyota Motor Corp. since 1995.
``D.A. is yet another success of the maquiladora supplier program to attract companies to New Mexico that can benefit from our enormous cross-border trade potential with Mexico,'' said Juan Massey, director of the New Mexico Economic Development Department's Office of Mexican Affairs.
D.A. molds covers and housings to protect automotive components and makes internal dashboard components such as center panels and vents.
The company will be able to take advantage of incentives from a job training program, rural jobs tax credits, high-wage jobs tax credits and manufacturer's investment tax credits.
Company officials declined to comment on the project.