Turkey-based fastener manufacturer Norm Fasteners has abandoned plans to build a 365,000 sq ft EV bolt manufacturing facility outside Lansing, MI, the Lansing State Journal reports.

The company, which makes automotive screws and bolts and other fasteners, is now considering two other locations for the project.

Norm Fasteners first announced intentions to build the facility last year. The development was expected to employ 200 people.

It's unclear why Norm Fasteners is re-evaluating its plan.

“We don't want to be sharing many details about the final decision, but at this moment, the board of directors has decided to look into the due diligence and look for alternative sites,” stated GM Koray Gurbuz. “At this moment, we are currently investigating other opportunities within Michigan and as well as some other states.”

The company is reacting to changes in the world manufacturing climate, Lansing Economic Area Partnership CEO Bob Trezise told the Journal.

“They have described just a rapidly changing global manufacturing environment, and that they are having to be very nimble about their decision making,” Trezise explained.

Since 2019, Norm Fasteners has operated a warehouse and office in nearby Windsor Township that employs about 20 people, but the company has long been interested in establishing manufacturing facilities in the U.S.

Norm Fasteners provides fasteners to VW, Ford and John Deere and operates 14 manufacturing facilities in Turkey, along with locations in Europe and Canada.

Norm Fasteners is a U.S. subsidiary of Norm Group, which was founded in 1973 in the city of Izmir on Turkey’s Aegean coast. The company has nine production facilities in Turkey and more than 1,800 employees to manufacture bolts and other fasteners, among other auto parts. Web: normcivata.com.tr