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) reshored | precision machining parts |
What domestic positive factors made reshoring more attractive? | Government Incentives, Skilled workforce availability/training |
Government Incentive dollar amount: | $100,000 |