Polykemi Group is investing almost 10 million Euro in our own plant in the United States. This is the greatest single investment in the Group’s history. The goal is to launch production of plastic compounds already during Q2 2022.
“We are truly delighted by this deal. It increases our presence and gives us many new opportunities on the American market,” says Johan Hugoson, CEO of Polykemi Inc.
The American company Polykemi Inc is a fully-owned subsidiary of the Swedish family business Polykemi AB and has, since its establishment in 2013, worked towards launching its own manufacturing of high-quality plastic compounds on the US market. The deal has now been completed.
“We have delivered more than 10 000 tons to customers on the North American market via US toll compounders or by direct delivery from our main plant in Ystad. Though, our goal has always been to start our own production in the US. We have now reached that milestone. The new plant is geographically close to our existing customers, which gives us a clearer presence and even stronger customer relationships” Mr. Hugoson says.
Production facilities on three continents
The investment in the plant in Gastonia, outside Charlotte in North Carolina, is the largest single investment in the company’s history, and enables optimum conditions for Polykemi Inc’s further growth in North America. The plant is about 50 000 square feet and is expandable up to 100 000 square feet. It will initially be equipped with two production lines, and the expected launch of manufacturing is during Q2 2022.
“The new plant in the United States means we have our own manufacturing facilities on three continents, which also means we have clear quality control. We can guarantee the same high quality in both new and recycled raw materials, as well as the same color on all materials that our plants ship. That means we can cooperate closely with our customers, whose production is split across continents,” Mr. Hugoson says.
An investment in the future
Polykemi Inc will produce the same material in the US as the Group does in Europe and Asia. Furthermore, shipments to American customers will come directly from the plant in North Carolina, saving time, costs and the environment.
“This is an investment in the future and lays the ground for Polykemi Group’s future growth and its path to also becoming a distinct player on the American plastic compounds market,” Mr. Hugoson says.
Martin Eriksson, Business Controller, and Johan Hugoson, CEO of Polykemi Inc, during the live broadcast with Gaston County Government to announce the new factory.
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