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.