VTL Precision, a developer and manufacturer of precision-engineered engine, transmission and turbocharger components for the commercial vehicle and passenger car markets, is investing $8.2 million to locate its new operations at the Crowfield Corporate Center in Goose Creek, South Carolina.
The company’s new Berkeley County facility will house a new business line to produce automotive components. The facility will complement VTL’s existing operations in Palmetto Commerce Park.
“VTL is proud to call the Lowcountry our home. For more than 11 years, we have supported the automotive manufacturing industry in South Carolina and watched the region and industry flourish. Our expansion demonstrates VTL’s commitment to serving our global automotive customers from a South Carolina base. Our partners within the S.C. Department of Commerce and Berkeley County worked tirelessly to keep our expansion within the Lowcountry,” VTL Group COO & Co-Founder Chris Elliott said.
“We are delighted to see manufacturing growth, the key to job and wealth creation in our state, continue in the Lowcountry. Today’s announcement by VTL Precision is another sign that our economic development efforts are paying off in South Carolina,” said Secretary of Commerce Bobby Hitt.
“Goose Creek’s commitment to economic development has never been greater, and we welcome VTL’s thriving business to our city. As a global leader in its field, VTL provides Goose Creek with another important building block in our ability to live, work and play without leaving the city limits. VTL’s history shows they will be here for a long time. Along with our partners at Berkeley County and the state of South Carolina, we are ready to support them at every step,” noted Goose Creek Mayor Greg Habib.