Crossroads Happenings

A New York–based startup that sailed what it says was the first ammonia-powered vessel announced Wednesday that it has raised $56 million in new venture funding.Amogy, which was founded by three Massachusetts Institute of Technology PhD graduates, aims to help decarbonize sectors like maritime shipping that are viewed as more...Continue Reading

The Caterpillar Inc. manufacturing facility in Victoria produced its 500th super large hydraulic excavator a significant achievement for the company and its local plant.The super large hydraulic excavators are the largest Caterpillar manufactures. The Victoria facility has produced them for approximately the past four years.“It’s a great milestone for our...Continue Reading

VictTec LLC held the grand opening ceremony of their new facility at 7207 Lone Tree Road in the Lone Tree II Industrial Park on Monday, September 16, 2024. The new 67,000 SF development represents a $12.5 million capital investment and the creation of 49 new jobs.VictTec LLC , jointly funded...Continue Reading

Yu Dawei, Chairman and General Manager of Yantai Dongxing Group Co., Ltd. (Dongxing), and Russell Dempsey, Chairman of the Victoria Sales Tax Development Corporation, signed a Letter of Intent to purchase 7.5 acres in the Lone Tree II Industrial Park for their plans to develop a $40 million facility and...Continue Reading