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Wescast expects to break even in 2006

The Hungarian unit of Canadian auto parts company Wescast expects to break even in 2006 for the first time since setting up in 2000, CEO Paul Hamel announced.

Wescast Hungary produces exhaust units for Audi, Ford, Volkswagen and Isuzu, among other companies. In 2005, it turned out 2.26 million of the units, far more than the 1.77 million units it made two years earlier. The unit makes about 13% of the exhaust units on the European market, Hamel said.
Wescast has invested Ft 14.4 billion at its Hungarian unit since 2000. The plant employs 1,850 people.