MCFA to break ground on new facility

A joint venture of Mitsubishi Caterpillar Forklift America and Jungheinrich will soon break ground on a facility in Conroe Industrial Park, according to Origin Bank. The bank, formerly known as Community Trust Bank, provided financing for the manufacturing and distribution center. Archway Properties is developing the 71,000-square-foot project, which will be built by Arco Design on 10 acres. The 1,045-acre industrial park is on FM 3083, 2 miles east of Interstate 45. The venture, known as ICOTEX (Industrial Components of Texas) will provide metal components for forklifts, machinery and other applications. Construction is expected to begin soon with completion planned by year-end, according to Origin Bank. Terms of the financing were not announced.