Elastron to launch $10 million TPE manufacturing plant in Gainesville, US

Elastron US TPE PlantElastron, is a global developer, producer, and marketer of thermoplastic elastomers (TPEs). The company has decided to open a North American headquarters in Gainesville, Ga with plans to commence production in Q3.

Producing TPEs for more than 35 years, exporting to more than 55 countries worldwide, Elastron, headquartered near Istanbul, Turkey, expanded into the North American market in 2012.

The company decided to build up a local manufacturing facility to meet the growing demand of U.S. consumers who were keen to get improved customer service, flexibility and willingness to collaborate with customers on development programs.

Metin Mizrakli, Chairman, and CEO of Elastron, said, “We are very excited about expanding our global production capabilities to the North American market. We are fully committed to supplying our customers with high quality thermoplastic elastomers and an unmatched level of technical support and customer service.”

Georgia Governor Nathan Deal, commented, “It’s an honor when a company chooses to locate its North American headquarters in Georgia. Our pro-business environment has been a magnet for innovative companies for many years. I am thrilled that Elastron USA will call Gainesville home. Not only is it a win-win for Hall County, but for the entire state.”

According to Tim Evans, Vice President of Economic Development for the Greater Hall Chamber of Commerce, Elastron has strong capabilities to serve customers in the North American market in engineering, production, sales, and service. Gainesville-Hall County is, therefore, the most suited location for the headquarters of Elastron USA.

Evans, added, “Elastron is a family-owned business known for being very customer-focused and for providing great service in the thermoplastics industry. Elastron USA will be a welcome addition to the growing community of international businesses that have their sales, service, engineering and manufacturing headquarters in Gainesville-Hall County.”

The manufacturing plant will be spread around in 30,000 square feet. The unit would be producing thermoplastic elastomers that would include vulcanizates (TPV), polyolefin (TPO), styrene-butadiene-styrene (SBS) and styrene ethylene butylene styrene (SEBS).

The plant will also house technical laboratory, warehouse, and offices. The commercial production is scheduled to start in the third quarter of 2018. It is expected that in coming two to three years, it would be providing 20 to 25 jobs and would increase to 60 to 80 employees in next three years.

Initial investment made by the company is $10mn, but it has committed to increasing the investment as would be demanded for expansion of production capacity. Elastron in USA will be involved in serving markets including automotive, industrial, construction, medical, consumer and electrical.

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