Just four years after moving its US operations from Missouri to South Carolina, Alexseal Yacht Coatings, a division of Germany’s Mankiewicz Coatings, is to invest US$20m on expanding its Charleston headquarters.
“After increasing local production and relocating to Charleston, SC, we were able to demonstrate to our customers the commitment to the US market,” says Mankiewicz MD Peter Dietz. “The proximity to the Charleston seaport, the ability to produce locally and the access to southern truck routes to reach our customers on the west coast finally paid off.”
The Charleston site has a 25,000sq ft foot building and 10 acres of land on which the company intends to build a new R&D lab, state-of-the-art production facility, a semi-automated logistical centre and a new training facility. The first phase of the expansion should be finalised by the first quarter of 2015.
Alexseal Yacht Coatings has been operating in the US market for 17 years. Just three years after its relocation to Charleston, the US subsidiary claims to have doubled its revenue.
“Serving the US market with excellent products through a reliable supply chain must be performed locally,” says Mankiewicz president and CEO Michael Grau. “By launching the next phase of our US operations, I am convinced to be able to provide that kind of service in a competitive way.”
Mankiewicz Coatings LLC is a subsidiary of Mankiewicz Gebr & Co, which was founded in 1895 and operates facilities in more than 20 countries around the world.