Technimark has made an initial investment of more than $5 million in a new 93,000 sq-ft facility, its third in Mexico. As its business grows, Technimark plans to nearly double the size of the plant to 160,000 sq-ft and eventually employ more than 250 people. The Silao plant will feature injection molding automation and decoration equipment to enable high-volume production of packaging.
The company's headquarters is in Asheboro, N.C., and it operates a total of six global manufacturing sites in the U.S., Mexico, Germany and China. The company's other Mexican plants are located in Mexicali and Reynosa.