Samsonite launches expansion at Hungarian plant
The Hungarian unit of global luggage manufacturer Samsonite has inaugurated a HUF 2.4 bln expansion in Szekszárd, southwestern Hungary, national news agency MTI reported.
The investment was supported with a European Union grant of HUF 717 mln. Samsonite Hungária Bőrönd has built a 4,400 sqm production hall and installed new technology, increasing capacity by 28% and creating 50 new jobs.
Plant manager József Pinczel said the plant currently produces 700 suitcases a day using the new technology; output will be increased to 900 units a day in a few months. The plant turns out about 700,000 suitcases a year. Samsonite Hungária had revenue of HUF 16.4 bln in 2014 and projects similar revenue in 2015.
Headcount is expected to grow from the current 540 as output increases, Pinczel added. The company said the development is part of a €17 mln six-year program, supported with €5 mln in European Union funding.
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.