VanTran Transformers announces expansion
Oil-filled transformer manufacturer VanTran Transformers will expand manufacturing capabilities in Waco, Texas.
Image for illustration purposes.
USA, Texas: Oil-filled transformer manufacturer VanTran Transformers will expand manufacturing capabilities in Waco, Texas. The company has operated in Waco since 1974 and was recently acquired by MGM Transformers. Following this, the company has greatly expanded in Waco including an additional 430000 square-foot manufacturing facility. The project will add up to 700 jobs over the next 5 years, bring investment to the region, and retain the company’s existing presence.
“We are excited for this new expansion in the City of Waco. This partnership between our business and the City of Waco will bring more jobs to the community and gives VanTran and MGM Transformers the opportunity for further growth. We would like to thank the Waco City Council, McLennan County Commissioners, the Waco Chamber of Commerce, and everyone else who helped facilitate this expansion,” said Doug Banty, CEO of MGM Transformers.
This project represents a capital investment of more than $20 million. Construction at the site has begun and production is anticipated by Q1 of 2025. The company has requested support from the local community, to be considered by public officials soon. This could include a phase in of property taxes and a grant through the Waco-McLennan County Economic Development Corporation to assist in offsetting a portion of expenses associated with establishing a new operation in Waco.
Source: wacochamber.com
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