Syntec expansion: 34 new jobs coming to Vance County
Syntec Precision Technology Corporation announced that its first North American facility will be in Henderson, bringing 34 new jobs to Vance County.
A major boost to North Carolina’s manufacturing sector is on the horizon as Syntec Precision Technology Corporation announces plans to establish its first North American facility in Henderson, Vance County. The high-precision manufacturer’s $8 million investment promises to create 34 new jobs, strengthening the state’s position as a leader in advanced manufacturing.
New manufacturing facility brings high-skilled jobs
Governor Josh Stein welcomed the announcement, noting that “Global manufacturers like Syntec need strong communities with a steady pipeline of talent and infrastructure to support their long-term growth strategies, and we’re proud that Vance County fits the bill.”
Syntec Precision Technology, renowned for its expertise in engineering and producing precision machining parts, will expand its operations to serve various sectors, including hydraulic, life sciences, and transportation industries. The new facility will focus on developing and manufacturing components for medical devices, diagnostic equipment, and orthopedic products.
The company’s owners, Lei Wang and Bin Wang, expressed their enthusiasm for the new venture, stating, “We are deeply grateful to the State of North Carolina, Vance County, the Economic Development Partnership of North Carolina, and the NC Community College System, for their unwavering support and encouragement throughout this process.”
Economic impact and workforce development
The new positions at Syntec will offer competitive compensation, with annual wages averaging $46,985, exceeding Vance County’s current average wage of $45,193. The projected annual payroll impact could exceed $1.5 million, providing significant economic benefits to the region.
N.C. Commerce Secretary Lee Lilley highlighted the state’s manufacturing prowess, stating, “North Carolina has the largest manufacturing workforce in the southeastern United States. Our ‘First in Talent’ workforce development system continues to provide a highly trained, dedicated workforce for dynamic manufacturers like Syntec.”
Support and partnerships
The project received a $100,000 performance-based grant from the One North Carolina Fund, contingent upon meeting job creation and capital investment targets. The initiative has garnered support from multiple stakeholders, including the North Carolina Department of Commerce, local government entities, and educational institutions like Vance-Granville Community College.
N.C. Senator Lisa S. Barnes emphasized the regional impact, stating, “Syntec is a fantastic addition to our existing supply chain, and we look forward to partnering with the company as it builds its new home here in rural North Carolina.”
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