Samsonite Hungaria completes HUF 765m expansion in Hungary
Samsonite Hungaria, the Hungarian unit of US-based suitcase maker Samsonite, has completed a HUF 765m expansion of its plant in Szekszard (S Hungary), the daily Nepszabadsag wrote on Friday.
Nepszabadsag noted that Samsonite Hungaria had received HUF 306m in funding for the investment through the New Szechenyi Plan.
The investment is part of a HUF 1.5bn expansion of its base in Szekszard announced last autumn to meet growing global demand for Samsonite products. Samsonite Hungaria told MTI in September that the investment would include construction of a 1,800-square-meter production hall and 4,000-square-meter warehouse as well as modernization of nearly 8,000 square meters of existing production and office space.
Samsonite Hungaria also said last autumn that it expected to manufacture 572,000 suitcases annually in 2011 and 2012, up from 420,000 in 2010.
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.