The team at the McAllen Economic Development Corporation is happy to announce several new corporate citizens in our bi-national community. These new companies in McAllen and Reynosa speak to the strength and resiliency of our area in a time of economic downturn. In addition to these new companies, McAllen EDC currently is working with 28 projects on the U.S. side and about 10 in Mexico. We remain focused on highlighting our strategic location, cost competitiveness and available skilled labor force. Be sure to check www.mcallenedc.org for current updates and news from our organization. If there is anything you’d like to learn or if you know of a company interested in our area, pass our information along. We want to grow and sustain our local businesses.
As for our new businesses, McAllen EDC is happy to announce that Union Plastic & Metal Recycling has located its new operation in the McAllen Foreign Trade Zone. This company, with headquarters in Hong Kong and a 30-acre recycling site in China, selected McAllen as its first North American location. Yan Ho, regional manager, said they were looking to open in an already established hub of manufacturers to ensure steady business. When studying the North American market, the company selected McAllen to capitalize on the more than 200 companies in McAllen and Reynosa. Union Plastic & Recycling can collect and recycle industrial materials from computers, steel, paper and metal parts. The company plans to hire several people for its operations and hopes to expand its services and operations in McAllen/Reynosa.
“It’s been quite an adventure,” Ho said, adding that he is relieved to start operations in the new 28,000-square foot facility.
In Reynosa, TopLine Cosmetics recently announced a new 26,000-square ft facility in the Parque Industrial Reynosa. The company designs, manufactures and produces packaging for cosmetics and beauty products (ie: the L’Oreal Infaillible Lipstick tube/ Lip Gloss duo). According to premiumbeautynews.com, Topline has more than 2,000 employees and currently operates five factories in China. The Reynosa facility ―the company’s first in North America― will begin production in upcoming weeks and plans to hire about 30 people.
Topline President Charles Chang commented to premiumbeautynews.com about the new location, saying: “Not only does the new North American site increase our global presence, but it will significantly benefit our customers by reducing their working capital costs and supply chain lead time. The new plant thus adds value to our services by enhancing customer productivity and inventory management operations.”
And on another exciting note, construction on the new Textape facility on Military Highway in South McAllen is almost complete. The company, which processes and distributes pressure sensitive tape, C-TPAT seals and electrical tapes, will move into its new almost 17,000-square feet facility by the end of summer 2010. Their current facility is about 8,000-square feet, said Doug Scott with Textape. This new, larger facility will increase the production capabilities in McAllen and there are plans to hire several new people when the new plant becomes operational.