Metal composite panels Company from USA to open plant in Turkey
Among many other promising sectors in Turkey, the construction industry which is one of the key driving forces of the country’s economic growth and a leading international player with numerous successfully completed projects in surrounding countries, has attracted the attention of global players.
For instance, Alubond USA which is a leading maker of metal composite panels used for coatings on buildings, has announced a production plant investment of USD 100 million in Turkey’s industrial town of Corlu in Tekirdag province. To be built by a JV formed by Alubond USA and Turkey’s Aldom, the facility is planned to supply the regional markets, including countries in Europe, Russia and Central Asia, as well as the growing domestic market.
It is also reported that the plant will serve as a regional production hub for the company while creating 500 jobs and provide an annual production capacity of 12,000,000 square meters of A2 fire-rated composite panels.
Nawab-ul Shaji, Chairman of the Mulk Holdings of UAE, the holder of the worldwide manufacturing and distribution rights of the Illinois-based Alubond USA has said “The Turkish plant is strategically important for Alubond USA, being in a position that can easily supply a large market stretching from Europe to Russia and from the Caucasus to Iraq. The Turkish plant will be main production facility for the company once completed”.
10.12.2013
SOURCE: MEDIA
