VictTec Grand Opening Ceremony in Victoria, Texas
26 Sep 2024
News
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 by Wuxi Asahi and Hebei Yili, was founded with the purpose to leverage existing business relationships with Caterpillar by investing equipment and technology in Victoria; and to expand their business portfolio in the North American market. The company makes sheet metal parts, rotational molded parts and provides assembly and warehousing services for Caterpillar Victoria.
More and more (Caterpillar) suppliers are finding Victoria a great place to invest. The recent Supplier Summits have proved to be of great value for the City of Victoria and a prime opportunity to showcase our City. Multiple suppliers have made plans to invest in Victoria over the past three years and we look forward
to the opportunity to continue to support more.” – Mayor Duane Croker, City of Victoria.
“VictTec is a key supplier to Caterpillar and their presence in Victoria makes Caterpillar stronger and more efficient. They are a prime example of the types of companies we want to continue to grow or recruit to Victoria.” – Don Whitaker, Chairman of the Board of Directors, VEDC Regional Partnership & CFO, Keating Auto Group.
“We are thrilled VictTec chose Victoria for this investment. They are a great company and a perfect fit. They are also what we think will be the first of many suppliers coming that will add to our regional economy and community.” – Jonas Titas, CEcD – President, VEDC Regional Partnership
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VEDC Regional Partnership – Victoria Economic Development Corporation
101 W. Goodwin Avenue, Suite 322
Victoria, Texas 77901