METYX expands operations in Turkey

METYX Composites (Istanbul, Turkey), a division of Telateks A.S., announced that it is building a new factory in Manisa, Turkey.

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On Dec. 14, METYX Composites (Istanbul, Turkey), a division of Telateks A.S., announced that it is building a new 12,500m2 (134,550 ft2) factory in Manisa, Turkey. Although the group’s headquarters will remain in Istanbul, the Manisa site will be the locus for what the company says will be aggressive growth in the near term; METYX Composites has invested €4.5 million ($5.7 million) in facilities and infrastructure at the new plant. The facility will provide the foundation for an investment of €8.5 million ($10.7 million) in high-end machinery over the next five years. Further, the site is spacious enough to support future expansion foreseen in long-term planning.

The new manufacturing center is located in the Manisa Organized Industrial Zone, which is 20 km/12.4 miles from the city of Izmir, reportedly rated one of the top 10 industrial zones in the world for investment. Ugur Ustunel, the company’s VP of new business, notes 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,” explained Ustunel. “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 favorable business climate, which will benefit all our customers across industries.”

Construction of the new factory began in mid-2011 and, at CT press time, completion was imminent, with auxiliary buildings to be completed in the fourth quarter. Operations were expected to begin in January as well, with the launch of the METYX Composites Tooling Business Unit. METYX Composites’ new state-of-the-art Tooling Center, which the company announced this past September, will be one part of this business unit and will incorporate a 5-axis CNC machine for large-scale plug and mold production. METYX Composites intends to ramp up production at the new manufacturing center in phases during 2012.