Turkish materials and composite manufacturer Metyx Composites has announced it plans to invest €10m to expand production at its European plant in Kapoşvár, Hungary.
With financial help from a Hungarian government investor incentive package, Istanbul-based Metyx intends to expand the Kapoşvár production area by 6,000m2, doubling the plant workforce and lifting its output of technical fibres.
This year, the group is expecting to install three new production lines at its 12,000m2 Hungarian site, according to Metyx Hungary’s managing partner Uğur Üstünel.
“With the new investment, the company’s total annual capacity will increase from 3,000 to 8,000 tpa for technical fabrics alone, along with an expanded glass and core kit cutting service,” the executive was quoted as saying by industry media.
Metyx is a producer of high-performance glass and carbon fibre multiaxial and woven technical materials. Its kitting centres in Turkey and Hungary focus on supplying core material kits including PVC, PET, polyurethane and balsa, as well as kits for glass and carbon fibre reinforcement fabrics and vacuum consumables.
The Hungarian facility has grown steadily, adding new capacity and creating more jobs since its launch in 2013. Major investment over the past two years has boosted its business, largely with the European wind turbine and automotive industries.
Support for the latest investment project attracted a 50% matched government contribution provided through the Hungarian Investment Promotion Agency (HIPA) which works closely with the country’s Foreign Affairs and Trade Ministry.
Metyx Composites, which is owned by the textiles group Telateks, is also in the process of expanding its main site at Manisa in western Turkey. It has been extending the plant floorspace to 23,000m2 and aimed to double production capacity there by this year.
This growth in capacity has been driven largely by demand from the wind turbine industry, particularly in the Aegean region as Metyx supplies turbine blades.