Tarsus, Turkey — Turkish PU systems house, Flokser Kimya, has unveiled plans to invest TRY 846m (€46.6m) on a new production facility in the Tarsus organised industrial zone, in the south of the country.
Ekin Tükek, general manager of Flokser Kimya, told local business daily Dünya that the planned plant will make a range of new products for sectors in which the company is not currently active, and it also plans to export a proportion of its output.
Construction work on the new production facility is to begin in 2023, with manufacturing scheduled to commence in 2024. Tükek said the investment will create at least 82 new jobs in the project’s first phase.
‘Our facility, which will be built on a land plot of 63,000m2, will house production, research and office areas, and it will consist of a closed facility of about 30,000m2,’ said Tükek.
The company’s planned investment in Tarsus has secured financial support from the Turkish authorities.
As part of its expansion, Flokser Kimya plans to increase investment in research and development of high-added-value products such as bio-based PU systems, with higher export sales in mind.
Based in Turkey’s largest city, Istanbul, Flokser Kimya exports its products to 55 countries internationally to industries including construction, furniture, automotive parts, insulation, home appliances, flooring, and footwear.
In 2019, the Istanbul-based company reached an annual output capacity of 100,000mt per annum.