Csaba Metal, partners invest HUF 1.5 bln in capacity upgrades
Csaba Metal, which operates one of Hungary's biggest aluminum foundries, has completed HUF 1.5 bln of investments undertaken in a consortium with its business partners Csaba Tool and Droidx, according to a report by state news wire MTI.
The consortium members were awarded HUF 772 mln in European Union and state grant money, covering half of the cost of the investments, grant application consultant Prospera Pályázati said.
Csaba Metal, the consortium leader, acquired an Industry 4.0-compliant enterprise management system, while supporting its business partners with consulting services.
Csaba Tool spent HUF 471 mln on a 10-tonne overhead crane, allowing it to make 10- to 12-tonne tools. It also bought tool design software and added 500 sqm to its production area.
Droidx spent HUF 867 mln to add 840 sqm to its production area and acquired a tool-making center that can turn out XXL parts and tools.
Csaba Metal makes parts for the automotive industry as well as containers. The company had net sales revenue of HUF 19.6 bln last year, including HUF 14.7 bln from exports. It employs over 1,000 people.
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