30.05.2016
Tenowo Announces Expansion of North American Operations
Lincolnton, NC – Tenowo, Inc., a Hoftex Group AG business and manufacturer of engineered nonwovens, announces plans to expand its plant in the Indian Creek Industrial Park in Lincolnton, NC. The expansion will involve the addition of 70,000 square feet of new building space and the installation of a new production line. Three additional new lines have been planned for the near future.
The Lincolnton facility was founded
in 1992 and is a leading producer of decorative and functional nonwovens
for the automotive, industrial and apparel industries. The latest expansion involves a total
investment of $12.5 million is the fourth in this location since 2009. Overall, Tenowo has invested $20 million in the
expansion of existing production capabilities and the installation of new
manufacturing technologies.
The new production line will transfer
Tenowo’s unique Multiknit technology from Germany to the United States,
resulting in the only production capability of its kind in North America. Multiknit products are primarily used in
automotive seating applications and offer several advantages over conventional
foam padding, including enhanced breathability and improved temperature
regulation.
“This technology provides Tenowo, Inc. with
a unique value-added product to offer to the automotive market and allows the
company to diversify our portfolio in North America. We are excited to be able to deliver this new
technology to our customers while adding jobs in Lincolnton and contributing to
the local economy,” stated Chris Peart, President and CEO of Tenowo, Inc. “ The support that we
received from the Lincoln Economic Development Association (LEDA), Lincoln
County and the state of North Carolina was critical to moving forward,” he
added.
Dr. Harald Stini, Global Managing Director
for Tenowo commented, “This location has
been very successful for our company over the last several years and we view it
as a key location for strategic growth.
We are always evaluating potential investments in production technology in
geographic locations where there are strong market development opportunities,
especially in cases where we have unique intellectual property. We will continue to invest aggressively when
such opportunities present themselves.”
Groundbreaking for the new building occurred on May 12th and the first commercial production is planned for January 2017.