DJ ots.CorporateNews: Germany Trade and Invest / MetoKote Investing in German Manufacturing ...

 
Berlin (ots) - MetoKote Corporation, a provider of protective 
coating applications based in the United States, has chosen Germany 
as the site of its new manufacturing plant. With a EUR 6.5 million 
investment, the company broke ground last week on its new facility in 
the Southern German city of Mannheim, Baden-Württemberg. 
 
The new investment will also serve as a pilot project focused on 
reaching further customers in continental Europe. It is the company's 
first office in Germany. The 11,500 square meter site will include a 
production facility, warehouse, and administration building. The 
company expects to begin production as soon as July 2010 and plans to 
eventually employ 50 workers at the plant. The rapid turnaround time 
was made possible by Germany's efficient investment framework. 
 
DeWayne Pinkstaff, President and CEO of MetoKote, came from 
company headquarters in Lima, Ohio to attend the groundbreaking 
ceremony in Mannheim on Wednesday. Pinkstaff was enthusiastic about 
the company's new presence in Germany: "We are very much looking 
forward to producing in Germany. The site is optimal for us, as it is 
located in the Rhine-Neckar metropolitan area, one of the most 
dynamic areas in Europe. The region provides us with an excellent 
opportunity to reach new customers. Germany Trade&Invest and the 
regional development agency Metropolregion Rhein-Neckar GmbH were 
instrumental in helping our company find a suitable location and 
assisting us through the entire investment process." One major factor 
in MetoKote's decision to invest in Mannheim was its close proximity 
to customer and agricultural equipment manufacturer John Deere. The 
agricultural giant has had its tractor factory and European 
Headquarters in Mannheim since 1956. John Deere Werke Mannheim 
factory manager Dr.Volker Knickel also attended the groundbreaking 
ceremony. 
 
MetoKote supplies coating applications, such as electrocoating 
(e-coat), powder coating, and liquid paint, for a variety of 
industries, including agriculture, appliance, automotive, 
construction equipment, industrial equipment, recreational, and truck 
and bus. 
 
The company was assisted throughout the investment process by 
Germany Trade&Invest along with Metropolregion Rhein-Neckar GmbH ( 
www.standorte-rhein-neckar.de ). 
 
Germany Trade&Invest is the foreign trade and inward investment 
promotion agency of the Federal Republic of Germany. The organization 
advises foreign companies looking to expand their business activities 
in the German market. It provides information on foreign trade to 
German companies that seek to enter foreign markets. 
 
Originaltext:         Germany Trade and Invest 
digital press kits: http://www.presseportal.de/pm/74441 
press kits via RSS: http://www.presseportal.de/rss/pm_74441.rss2 
 
Pressekontakt: 
Eva Henkel 
Eva.henkel@gtai.com 
Phone: +49-30-200099-173 
Fax:   +49-30-200099-111 
 

(END) Dow Jones Newswires

November 05, 2009 12:13 ET (17:13 GMT)