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METYX Composites is building a new 12,500 square meter factory in Manisa, Turkey.
METYX explain that their group headquarters will remain in Istanbul, but the new facility is designed to allow for future expansion, as part of a long-term plan. They say the new manufacturing centre is located 20 kilometres from the city of Izmir in the Manisa Organised Industrial Zone.
According to METYX, they have invested 4.5 million euro in facilities and infrastructure at the new plant and they are placing it at the core of a progressive, five-year investment of 8.5 million euro in high-end machinery.
Ugur Ustunel, VP New Business, METYX noted that “the new factory will be one of the largest industrial investments in Manisa in the past five years. We are investing in the region with the most potential for growth.”
“Manisa is located in the Aegean region, which accounts for about 80 percent of the country’s wind energy potential. We believe that this investment creates a greater logistical advantage for our wind energy customers. The location has an extraordinary geographical position between Europe and Asia and is in close proximity to the Middle East, the Balkans, and North Africa. Moreover, the zone provides access to major ports, proximity to our suppliers, and has a generally favourable business climate, which will benefit all our customers across industries,” Ustunel continued.
Construction of the new factory began in mid-2011 and METYX expectitto be completed in January 2012, with auxiliary buildings to be completed in the fourth quarter of 2012. The facility aims to begin operations in January 2012 with the launch of METYX Composites Tooling Business Unit. METYXsay theirnewTooling Centre, which theyannounced in September 2011, will be one part of this forward-thinking business unit. The Tooling Centrewill incorporate a 5-Axis CNC machine for large scale plug and mould production and will serve all METYX customers worldwide as a value added service.
METYX plans to ramp up production at the new manufacturing centrein phases with the start of the new year, offering a new generation of composites products and services for its customers. “This investment underscores our long-term commitment to the composites industry,” said Ustunel.
Ustunel further commented “This is an exciting time at METYX Composites. The commitment to our loyal customer base is what drives all the decisions we make. As we expand our business, we will be helping our customers grow their businesses as well through our strengthened portfolio of offerings, improved logistics, and even more comprehensive services and support. We are also proud that our investment is expected to create many new jobs locally.”
“We will share more details about our investment plans in the coming months. We are grateful to our customers, partners, and distributors for our continued growth, particularly during these challenging economic times, and we look forward to working together as we execute our vision,” Ustunel concluded.
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