Istanbul-based materials and composite supplier Metyx Group is investing $12.6m (€10.2m) in setting up a new technical textiles manufacturing facility in North Carolina, the company announced 21 March.
Metyx USA Technical Textiles Division said it had acquired a former manufacturing plant in Ranlo, Gaston County, North Carolina, for $3.5m (€2.8m) and planned to upgrade the existing facility.
Production is expected to start by the fourth quarter of 2018.
The Turkish company is planning to invest a total of $12.6m (€10.2m) over a five-year period to develop production and customer service capabilities in the US.
The unit will initially focus on setting up technical textiles production lines for manufacturing a range of glass and carbon fabrics, along with sales, customer service and warehousing facilities to serve the North American composites market.
As a next phase, and based on customer needs, fabric, core and vacuum consumable kit cutting capabilities will be added in the future, Metyx added.
The company is primarily looking to establish business with US and Canadian OEMs and tier 1 converters in the wind energy generation, marine, road and rail transportation and industrial sectors.
Metyx managing partner, Uğur Üstünel said the g had group had been interested in the North American market “for several years”, and believed it was the right time to bring its products to the market.
“The US is a very attractive market, being the biggest globally in several key industry sectors with good future growth prospects,” said Uğur Üstünel.
Üstünel will head Metyx USA working alongside newly appointed advisory board team members Christian Kissinger, Evren Aykol and Stefan Kanburoglu.
North Carolina is an established manufacturing location in the US, with more than 75,000 people working in plastics and chemicals manufacturing.
The state is also home to leading multinationals including DowDupont and BASF, as well as a large number of textile manufacturers.