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21st November 2013, Istanbul

METYX Composites acquires NABI facility in Hungary

METYX Composites has acquired the North American Bus Industries’ (NABI) former production facilities in Kaposvar, Hungary.

“We look forward to integrating METYX Composites Hungary into our company and to delivering composites solutions that continuously enhance the competitiveness of our customers across industries,” said Ugur Ustunel, Co-Director METYX Composites.

NABI Kaposvar built full composite city buses from 2002 to 2013 for American cities, including Los Angeles, Phoenix, Tampa, and others. © METYX

The transaction includes a state-of-the-art composites manufacturing facility and ancillary buildings totalling 12,000 square metres of closed space, as well as over 230,000 square meters of industrial land, and a skilled workforce.

NABI Kaposvar

NABI Kaposvar built full composite city buses from 2002 to 2013 for American cities, including Los Angeles, Phoenix, Tampa, and others. The facility employed 230 people with an extensive knowledge-base in composites and 11 years of experience in high-end composites manufacturing.

The NABI team in Hungary was trained at TPI Composites’ facilities in the United States from 2001 to 2002. Scottsdale, Arizona-based TPI, is a provider of structural composites products for the wind energy, military, and transportation markets.

Global manufacturing network

NABI’s legacy complements METYX Composites’ manufacturing expertise gained from a decade of serving composites customers across industries, the company reports.

METYX Composites has acquired the North American Bus Industries’ (NABI) former production facilities in Kaposvar, Hungary. © METYX

This expansion builds on the momentum of METYX Composites’ acquisition of LEDA and ACT assets in Mondavio, Italy last year. It also marks a substantial achievement toward the METYX Composites vision of building a global manufacturing network.

Logistical advantages

The former NABI facility will function as METYX Composites Hungary beginning the first quarter of 2014. Ugur Ustunel explained: “We will duplicate some our existing METYX Composites business units in Hungary to strengthen our presence in Europe and to provide logistical advantages to regional customers and beyond. In parallel, we will follow opportunities in downstream composite products with the goal of developing new products and services to support our elite customer base.”

“We believe that METYX Composites Hungary can easily become a centre for composites excellence and are incredibly excited about this new venture. The facilities and the knowledge base in Kaposvar are world-class. Moreover, this part of Hungary is a low cost region. We are certain that both METYX Composites and our customers will benefit from these advantages,” said Tunc Ustunel, Co-director, METYX Composites.

www.metyx.com

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