Case Study: CN Wire
15 Feb, 2018
William Harold, General Manager of CN Wire, speaks about how NMEDD helped the company through the process of moving to southern New Mexico and why CN Wire ultimately chose New Mexico for its new location.
CN Wire Corporation is a world class copper wire manufacturer in Santa Teresa, New Mexico. CN Wire established its first North American manufacturing facility in Santa Teresa in 2014, bringing 300 jobs to the community.
About the Company
- The parent company, ER-BAKIR, is located in Denizli, Turkey, and is one of the largest copper wire manufactures in the world.
- Wire production began in 1985 with a monthly production of 32 tons; today annual production is 200,000 tons.
- CN Wire began in the U.S. in 1998.
- Er-Bakir exports to 30 countries worldwide.
In New Mexico
- CN Wire invested $42 million to purchase and renovate a 256,000 square-foot building in the Santa Teresa Business Center.
- The facility produces bare and tin copper wire conductors which serves all markets in the wire and cable industry.
- CN Wire also relocated their sales and distribution operation from Connecticut to New Mexico.
- 300 jobs at the Santa Teresa facility.
Economic Development Toolbox
- LEDA invested $2,749,986 in 2014 and 2015
- JTIP commitment $986,335 in 2014 and 2015
- Industrial Revenue Bonds (IRB)
Learn more about CN Wire.