19 November 2013
19 November 2013
The transaction, which was completed on 14 November 2013, includes a state-of-the-art composites manufacturing facility and ancillary buildings.
This totals 12,000 square metres of closed space; over 230,000 square metres of industrial land; and a highly skilled workforce.
NABI Kaposvar built full composite city buses from 2002 to 2013 for American cities, including Los Angeles, Phoenix, Tampa, and others. The facility employed 230 people with a knowledge-base in composites and 11 years of experience in high-end composites manufacturing.
The NABI team in Hungary was trained at TPI Composites’ facilities in the United States from 2001 to 2002. Scottsdale, Arizona-based TPI is a global provider of structural composites products for the wind energy, military, and transportation markets.
NABI’s legacy complements METYX Composites’ manufacturing expertise gained from a decade of serving composites customers across industries. This expansion builds on the momentum of METYX Composites’ acquisition of LEDA and ACT assets in Mondavio, Italy in 2012. It also marks a substantial achievement toward the METYX Composites vision of building a global manufacturing network.
The former NABI facility will function as METYX Composites Hungary beginning the first quarter of 2014. Ugur Ustunel, Co-Director METYX Composites explains, “We will duplicate some our existing METYX Composites business units in Hungary to strengthen our presence in Europe and to provide logistical advantages to regional customers and beyond. In parallel, we will follow opportunities in downstream composite products with the goal of developing new products and services to support our elite customer base.”
“We believe that METYX Composites Hungary can easily become a centre for composites excellence and are incredibly excited about this new venture. The facilities and the knowledge base in Kaposvar are world-class. Moreover, this part of Hungary is a low cost region. We are certain that both METYX Composites and our customers will benefit from these advantages,” says Tunc Ustunel, Co-Director, METYX Composites.
“We look forward to integrating METYX Composites Hungary into our company and to delivering composites solutions that continuously enhance the competitiveness of our customers across industries,” Ugur Ustunel adds.
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