Toyo Seat to put up 2nd plant in Hungary

Automotive

Japanese car seat maker Toyo Seat Co. Ltd. has decided to set up its second European plant also in Hungary. The Nyergesújfalu factory (60 km northwest of Budapest) will start production a year from now. Toyo Seat has inaugurated its first Hungarian factory at Százhalombatta in September 2003. The company will also deliver seats to the Hungarian plant of Suzuki. Suzuki Motor Corp., will cover 15% of the Ft 2 billion investment, while Magyar Suzuki will contribute 20% of the construction budget. Toyo Seat plans to create 200 jobs at the plant and roll out 1.2 million seats in 2008, generating Ft 20 billion revenues. The 7,000-sqm plant will also make other car parts. Toyo Seat has already 5 operation bases across the world and has established a manufacturing system that quickly and accurately meets expectations of worldwide customers and changing needs in the market. The main products of Toyo are automobile seats, soft tops for convertibles, mechanical products, automotive exhaust pipes, door trims, train seats for the Japan Railways Group, steel office furniture, health equipment. The company’s main customers are Mazda Motor Corp. Toyota Motor Corp. Honda Motor Co., Ltd. Nissan Motor Co., Ltd. SUZUKI Motor Corp. TS TECH Co., Ltd., JCI TOYOTA BOSYOKU Corp. France Bed Co., Ltd. Fukutani Co., Ltd. and Komura Co.,Ltd according to Toyo’s web site. (Portfolio, toyoseat.co.jp)

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.