Kayser Automotive Hungária inaugurates HUF 700 mln expansion
German-owned automotive industry supplier Kayser Automotive Hungária on Wednesday inaugurated a HUF 700 million expansion at its base in Komárom.
Kayser Automotive Hungária managing director Ivo Nemes said the expansion was necessary to meet growing demand. He added that Kayser won orders from Daimler, BW and DAF Trucks in 2010-2011. Kayser Automotive Hungária made more than 50 new hires to turn out fuel lines, air ducts and pressure valves at the 3,200sqm new production hall. Headcount at the base, including contracted labourers, stands at 144 at present. The unit won a HUF 108 million grant from European Union and the central budget for the investment.
Parent company Kayser Automotive Systems has placed a significant emphasis on its Hungárian unit within the group because of its proximity to carmakers. Growing demand from business partners will require a 60-70% increase in production capacity. Kayser Automotive Hungária's biggest partners are the Volkswagen group, Daimler and the local unit of Suzuki. The unit had revenue of HUF 3.03 billion last year, including HUF 2.37 billion from exports.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.