Governor Stein Announces $8 Million Investment in Vance County for Precision Manufacturer’s First North American Plant

URLhttps://www.commerce.nc.gov/news/press-releases/20
Sourcecommerce.nc.gov
Date Published02/14/2025

Additional Reshoring Information:

Company/Division name Syntec Precision Technology Corporation
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):34
Year reshoring announced:2025
Domestically, the work will be done:In-house
Capital investment ($):8
Country(ies) from which reshored:Taiwan, Province of China
City reshored to:Vance County
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredprecision machining parts
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$100,000
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