Musashi Hungary Industrial Kft is installing new production lines to make ball-and-socket joints and swinging levers for Fiat and Audi, CFO Krisztina Gulyás told the paper. The lines are being installed at a production hall Musashi built at its base in Ercsi, south of Budapest, for €7.5 million in 2004. The unit plans to increase its staff by 10% from the current 340 to man the new lines. This summer, Musashi completed another capacity expansion for €1.5 million.
Musashi had revenue of Ft 35 billion in 2005, up from Ft 28 billion in 2004 and Ft 2 billion over the target as the result of earlier capacity expansions. The unit expects to close 2006 with revenue of Ft 38 billion.
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