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Bulk Molding Compounds Inc (BMCI) has opened a production facility in Turkey, BMC TetraDURTurkey, which began production last week.
Current production is expected to increase quickly due to customer demand in Turkey and the surrounding regions. The Turkish BMC market is growing at a double digit annual rate annually, and the Turkish domestic BMC markets include electrical, appliance and automotive. In addition to these, there is a strong demand for construction and outdoor applications.
BMC TetraDURTurkey will employ 20 people initially and is located approximately 20 miles east of the centre of Turkeys capital, Istanbul. General Manager for the facility is Hakan Unsal of BMCIs German division, BMC Europe (BMCE).
We are very excited about this strategic expansion into the dynamic composites market in Turkey. We feel there is significant growth potential with both new and existing customers. This move further demonstrates our commitment to growing our leadership position in the global composites market, stated Mike Huff, CEO of Citadel Plastics Holdings, Incorporated. BMCI is a portfolio company of Citadel Plastics Holdings.
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