PRESS RELEASE: Welcome METYX to Gaston County!
March 22, 2018 – The Gaston County Economic Devel-opment Commission is pleased to announce that the METYX, an international manufacturer of high perfor-mance composites and technical textiles, has purchased the building located at 2500 Lowell Road in Ranlo. METYX plans to establish an advanced manufacturing operation and a North American corporate office in Gas-ton County. This is based upon the company’s intention to invest $3.5 million for purchase and facility improve-ments and installation of $9.098 million in machinery & equipment for a total investment of $12.598 million over a five year period from 2018 through 2022. The company intends to create at least 200 hundred new jobs.
U?ur Üstünel, METYX Group Managing Partner who will head up USA operations, stated: “METYX products are currently manufactured at the company’s three factories in Europe. METYX has 41,000 square meter, state-of-the art facilities in Istanbul and Manisa in Turkey, as well as a 15,000 square meter factory (with 67.000 square meters open area) manufacturing center in Kaposvár, Hungary. In recent years we have made major capital investments as part of an ongoing long-term program of key strategic investments in high-end production facilities for technical textiles and composites-related products to serve key composites markets, such as wind energy, marine, automotive, transpor-tation, infrastructure and building, which all use the technical fabrics we manufacture. As part of our global strategic growth plan, we have been interested in the USA for several years, and now we believe now is the right time to invest and bring our portfolio of products and services to the American market. This is a very exciting time for METYX and we look forward to starting our US operations later this year.”
Mr. Chad Brown, Chairman of the Gaston County Board of Commissioners said; “We are excited to welcome the METYX to Gaston County. This is great news for Ranlo and Gaston County.” He further stated, “METYX is a great addition to Gaston County’s international corporate community. If we are to compete for quality projects, Gaston County has to help provide the proper environment for business. We look for-ward to the firm’s establishment of the corporate offices and advanced production facility.” Chairman Brown added, “Gaston County will con-tinue to provide service ‘after the sale’ for METYX through our EDC’s Existing Industry Program.”
“I am overjoyed that Ranlo was chosen for the METYX’s newest facility. This announcement is greatly appreciated by our citizens” said Ranlo Mayor Lynn Black. Adding, “On behalf of my fellow Town Commissioners, I want to officially welcome METYX to Ranlo. We will continue to provide service beyond the first day of operation.” Mayor Black added, “Our Town understands the meaning of a life-long partnership with industry and our staff strives to provide the best service to all of our customers. We appreciate your choosing Ranlo for your newest operation.”
Mr. Robert Browne, Chairman of the Gaston County Economic Development Commission, stated, “As Chairman of the Gaston County Economic Develop-ment Commission, I want to extend our sincere thanks and appreciation to METYX for locating their newest advanced manufacturing operation in Ranlo and the establishment of a North American corporate office. We welcome them to our community and appreciate their investment to create quality jobs in Gaston County. I would like to extend my deepest appre-ciation to the Gaston County Board of Commissioners, the Ranlo Board of Commissioners and the staff of the Economic Development Commission for their diligent work to make this happen.”
“Economic development is a team sport and we are proud to be on the team that helped METYX find its home in Charlotte USA. We welcome this dynamic company to the Charlotte region and congratu-late Gaston County on a job well done,” stated Ronnie Bryant, President and CEO of the Charlotte Regional Partnership.
The Gaston County Economic Development Commission would like to thank our partners in this successful industry location of the METYX – the Gaston County Board of Commissioners, the Ranlo Board of Commissioners, the Economic Development Partnership of North Carolina, the North Carolina Department of Commerce, the Charlotte Regional Partnership and Gaston College.
Mr. Donny Hicks, Executive Director
Gaston County EDC