South Carolina

Print
SC: VTL Precision Expanding Lowcountry Presence with New Operations in Berkeley County, to Create 10 New Jobs

1 Feb, 2019


VTL Precision, a leading developer and manufacturer of precision-engineered engine, transmission and turbocharger components for the commercial vehicle and passenger car markets, is locating new operations in Berkeley County. The company's $8.2 million investment is projected to create 10 new jobs.

VTL Precision is a venture of VTL Group, a privately-owned automotive and precision engineering company with manufacturing operations in Europe, India and North America. Specializing in the design, development and manufacture of high-specification, complex machined components, VTL Group supplies a variety of original equipment manufacturers and tier one suppliers.

The company's new facility, located at the Crowfield Corporate Center at 5 Corporate Parkway, Goose Creek, S.C., will house a new business line to produce automotive components. The facility will complement VTL's existing operations in Palmetto Commerce Park. Those interested in joining the VTL Precision team should visit the company's careers page online.

QUOTES

"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 and Co-Founder Chris Elliott

"We're always proud to congratulate a company that has decided to expand its footprint in our state. Today, we celebrate VTL's latest investment in the Lowcountry and look forward to the continued growth of this partnership." -Gov. Henry McMaster

"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." -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." -Mayor of Goose Creek Greg Habib

FIVE FAST FACTS

  • VTL Precision is locating new operations in Berkeley County.
  • $8.2 million investment to create 10 new jobs.
  • VTL Precision is a leading developer and manufacturer of precision-engineered transmission and turbocharger components for the automotive industry.
  • The company's new facility will be located at the Crowfield Corporate Center in Goose Creek, S.C.

For more information on the company, visit www.vtl-group.com

About S.C. Department of Commerce: As South Carolina's leading economic development agency, the Department of Commerce works to recruit new businesses and help existing business grow. S.C. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Samsung, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. S.C. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and with the S.C. Department of Employment and Workforce, which provides worker training and employment opportunities within the state. With a strong international footprint, the Palmetto State ranked No. 1 in the nation for attracting jobs through foreign investment on a per capita basis in 2018 -- extending its streak of top three finishes since 2011. Additionally, in five of seven years, the state has won the Gold Shovel Award from Area Development magazine; and, in 2017, the state was recognized as Business Facilities' State of the Year. For more information, visit www.SCcommerce.com.

Print


x

Subscribe to our Newsletters


The only vertical market site selection publication that delivers industry insight and growth strategies right to your inbox. Incentives, real estate, workforce development – site selection news and information centered around markets that matter to you.