en.Wedoany.com Reported - Turkish foam board manufacturer Assan Panel has opened a new £45 million manufacturing facility at the Gateway 14 business park in Suffolk, UK. This is the company's first manufacturing operation in the UK, capable of producing up to 4.5 million square meters of insulated wall and roof panels annually, and creating 105 skilled jobs locally.

Over 250 local businesses, government officials, suppliers, partners, and community representatives attended the opening ceremony. The factory, operated by Assan Panel under Kibar Holding, is located near Stowmarket within the Freeport East zone. Its products are primarily used in construction and industrial sectors such as warehouses, manufacturing facilities, food production sites, cold storage facilities, data centers, medical buildings, and transport infrastructure.

At the opening ceremony, Kibar Holding Chairman Ali Kibar stated that nearly 60% of the company's revenue comes from export-driven operations, and the new factory in Suffolk represents the latest chapter in its international growth. Kibar Holding Group CEO Haluk Kayabaşı noted that this £45 million investment enables Assan Panel to directly serve the UK and neighboring markets with significant logistical advantages. UK Trade Envoy to Turkey, MP Daniel Zeichner, said the investment will create approximately 100 skilled jobs in Stowmarket, representing a strong vote of confidence in the UK as a place to do business, supporting advanced manufacturing and supply chains. Assan Panel UK Managing Director Ihsan Tolga Akar emphasized that the new factory will bring production closer to customers, strengthen the supply chain, and support customers in investing in next-generation industrial and commercial buildings.

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