Bulk Molding Compounds, Inc. Announces Manufacturing Facility in Turkey
West Chicago, IL (PRWEB) January 26, 2011
bulk molding compounds, Incorporated (BMCI), the leading global producer of thermosetting materials in bulk molding, announced the opening a production facility in Turkey. BMC TetraDURTurkey Hammadde Kompozit Plastik Sanayi ve Ticaret Limited Üretim Sirketi (TetraDURTurkey BMC) began production this week. Current production is expected to increase rapidly due to customer demand in Turkey and surrounding regions.
BMC Turkish market is growing at an annual rate of sales doubled every year. The Turkish domestic markets BMC are electrical, appliance and automotive industries. In addition to these, there is a strong demand for construction applications and outside.
BMC
TetraDURTurkey initially employ 20 people and is located about 20 miles east of the center of the Turkish capital, Istanbul. Director General for installation is Hakan Unsal’s German BMCI, BMC Europe (BMCE).
“We are very excited about this strategic expansion in the dynamic market of composites in Turkey. We believe it is significant growth potential both existing and new customers. This demonstrates our commitment to grow our leadership position in the global market for composites, “said Mike Huff, CEO of Citadel Holdings Plastics, Incorporated.
BMCI is a holding company of Citadel Plastics Holdings, Inc.. BMCI was acquired by Citadel in 2008 and since then the company has acquired five additional conglomerates.
About
BMCI
the world’s largest producer of thermosetting compounds in bulk molding, BMCI serves the automotive, consumer appliances, power tools and conductive plastic industries. A proven metal replacement, BMCI products are particularly well suited for structural applications where heat and mechanical load are relevant. BMCI has two manufacturing sites in the United States, as well as facilities in Mexico, Germany, Turkey, China and Brazil.
About Citadel Plastics Holdings
, Incorporated
Chicago private equity firm, Wind Point Partners is the majority shareholder of Citadel Plastics Holdings, Inc. Citadel, a holding company, owns the group of Matrixx, formulator first thermoplastic BMCI, the largest provider world of bulk molding material, and QTR, Inc., a leading supplier of engineering thermoplastics green. Citadel is responsible for designing and executing a strategy of creating value in the market for mixed plastics. Additional information is available at http://www.citadelplastics.com.
About Wind Point Partners
Wind Point Partners is a private investment of approximately $ 2.5 billion of capital under management. Wind Point focuses on partnering with high caliber executives to acquire the activities of middle market, where it can establish a path to value creation. Additional information about Wind Point Partners is available at http://www.wppartners.com.
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