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State officials on July 11 plan to herald the arrival of a Malaysian company that will move its U.S. headquarters to Albuquerque and a rubber recycling plant to Gallup.

Green Rubber Global, part of the Petra Group of Malaysia, will employ about 15 workers in the Duke City and about 140 people at a tire recycling plant in Gallup, Fred Mondragon, the state secretary for economic development, said.

Actor Mel Gibson is a financial backer of Green Rubber and Rick Homans, who recently announced plans to resign as director of the New Mexico spaceport, will be its president.

The company has a patented technology that breaks down the tires and reproduces it as a rubber that can be reused.