Poppe & Potthoff plan €3 mln capacity expansion at Hungarian unit
German auto parts maker Poppe & Potthoff plans to spend €3 million to expand capacity at its unit in Hungary, business daily Napi Gazdaság reported on Thursday.
The company needs the extra capacity to fill new orders, Poppe & Potthoff Hungária Bt’s director László Gellén told the paper. He declined to offer further details, but said the unit's parent company would make a decision on three big programs within weeks.
The unit will start supplying special parts for Caterpillar and BMW by the end of the year, Gellén said. Poppe & Potthoff Hungária will hire more staff to fill the orders. The company already employs 250 people, of which 50 were hired in 2006. Altogether, the German company has invested €35 million at the company. In March 2006, Poppe & Potthoff completed a €3 million investment at its unit in Hungary in order to outfit it for production of common-rail injection system tubes for delivery to Audi's unit in Győr.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.