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Area Development - Site Selection, Facility Planning and Workforce Development

Syntec Precision Technology Plans Henderson, North Carolina, Operations

02/15/2025
High-precision manufacturer Syntec Precision Technology Corporation plans to establish production and warehouse operations in Henderson, North Carolina. The $8 million project is expected to create 34 jobs in Vance County.

To support the project a performance-based grant of $100,000 from the One North Carolina Fund was awarded to Syntec Precision. The OneNC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All OneNC grants require a matching participation from local governments and any award is contingent upon that condition being met.

“On behalf of my family and our team, I am thrilled to announce our plans to establish a manufacturing facility in North Carolina,” said Lei Wang and Bin Wang, Owners of Syntec Precision Technology Corporation. “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. Your partnership has been instrumental in making our vision a reality, and we are excited to contribute to the growth and success of this vibrant community. We look forward to a strong and prosperous future together in North Carolina.”

Syntec Precision Technology engineers and produces precision machining parts for the hydraulic, life sciences, and transportation industries. The company provides research and development, manufacturing, assembly and testing services.

“North Carolina has the largest manufacturing workforce in the southeastern United States,” noted N.C. Commerce Secretary Lee Lilley. “Our ‘First in Talent’ workforce development system continues to provide a highly trained, dedicated workforce for dynamic manufacturers like Syntec.”

In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, (EDPNC) other partners in the project include the North Carolina General Assembly, North Carolina Community College System, Vance-Granville Community College, Kerr-Tar Regional Council of Governments, Vance County, Henderson-Vance County Economic Development Commission, Duke Energy, and the City of Henderson.

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