Shoe manufacturing company Szamos (Csenger, SE Hungary) will double production capacity through a HUF 1.1 billion development due to a contract with Germany's Josef Seibel, business daily Világgazdaság said on Friday.
Josef Seibel is bringing part of the contract work back from Asia and Moldova due to quality problems and giving the contract to the company and partly to its own Hungarian unit, also located in Csenger.
When full capacity is reached, the combined output of Szamos Kft and Josef Seibel Kft will amount to 8,000 pairs of shoes per day. The two companies now employ 650 workers.
The development will be completed next week, the paper said.
Szamos Kft, which has been supplying an average of 900,000 pairs of shoes per year since 1991, exports 60% of its output to Germany.