Xerium Announces New Mechanical Services Plant in Turkey

YOUNGSVILLE, N.C. (Aug. 19, 2014)—Xerium Technologies, Inc., a global provider of industrial consumable products and services, announced a new rolls and mechanical services facility located in Corlu, Turkey. The facility is under construction, and the equipment is already on hand. It will be state-of-the art and is expected to be in production Q1 2015. From this geographic location, Xerium will provide its full suite of patented performance-enhancing roll solutions to customers in the surrounding region. Xerium will perform roll grinding, roll recovering and mechanical services on-site. Xerium also is increasing its field sales and service staff for the region for machine clothing, roll services, mechanical services and machine automation through its SMART(R) Roll sensor solutions. Xerium's facility will be the first major rolls and service facility established in Turkey, by any of the industry's major global suppliers. From this location, Xerium will be able to provide regional customers with dramatically quicker and more cost-effective service. These products and services will be delivered through a local workforce familiar and respectful of local customs. The plant will be co-located on the grounds of Modern Karton, one of the largest producers in the region. The required investment and startup costs of this new plant are included within the company's previous guidance for spending in 2014. "Xerium is honored to be the first major global competitor to build a plant in the region and proud of its relationship with Eren Holding and Modern Karton. We look forward to delivering superior mechanical services, roll covering capabilities and machine automation services to the region," said Harold Bevis, Xerium's president and CEO. Added Bevis: "Xerium's decision to build a greenfield rolls and mechanical service plant in Turkey is a manifestation of both elements of the company's long-term strategy—Commercial Success and Cost Leadership. Xerium is excited and honored to commit its money, time, people, patents and 202 years of global trade secrets to help customers in Turkey and Southeast Europe win in their markets." Xerium Technologies, Inc., is a global provider of industrial consumable products and services. Xerium utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. With 27 manufacturing facilities in 12 countries around the world, Xerium has approximately 3,200 employees.