ISTANBUL — German major automotive supplier Muhr und Bender KG (Mubea) has opened a 20 million euro ($28 million) manufacturing plant in the western Turkish province of Manisa, the Investment Support and Promotion Agency of Turkey (ISPAT) reported on Thursday.
Present at the plant's opening ceremony on Thursday, Dr. Jörg Neubrand, Board Member of Mubea, said the company is number one in the sector, and that they are looking forward to boosting their global presence with their Turkish clients.
The plant in Manisa spans over a total area of 31,000 square meters with an annual capacity of 3.5 million spring coils, while plans for doubling the annual output are already underway. Aiming to reach EUR 4 million in exports, Mubea's current customer portfolio in the Turkish domestic market includes Renault, Ford and Toyota.
Commissioned in September 2013, the new facility is Mubea's first greenfield investment in Turkey and will focus on the production of suspension coil springs and stabilizer bars -- components that were previously imported to Turkey.
Assisted by the Investment Support and Promotion Agency of Turkey (ISPAT) during its investment stages, Mubea's Manisa plant highlights Turkey's competitiveness with its high potential to reach customers in the surrounding regions.
