Hungarian auto supplier expands to meet new demand from Serbia

Jaroslaw Adamowski
EUROPEAN PLASTICS NEWS

Published: March 13, 2014 10:15 am ET
Updated: March 13, 2014 10:18 am ET

Related to this story

Topics Automotive, Injection Molding, Europe

Hungarian injection molder Simon E.V. has completed a 48,000-square-foot expansion at its plant in Kőszárhegy, Hungary, investing 550 million Hungarian forints ($2.4 million).

The company also is adding 110 employees, according to local news site autopro.hu.

By 2015. the auto supplier hopes to add another 48,000 square feet to the site, and create another 100 to 120 jobs, said István Simon, the company’s owner and CEO.

The growth is thanks to new orders coming from Serbia, which is drawing more auto production and auto suppliers.

The European Union provided about 100 million forints ($447,000) in support for the expansion.

Simon now has a workforce of 436 with facilities in Kőszárhegy and Székesfehérvár.

Simon supplies a wide range of plastic components to various automotive manufacturers, including Volkswagen, BMW, Mercedes-Benz, Audi, Citroen, Peugeot, Suzuki and Mitsubishi. The company’s production facility is fitted with 80 machines with a clamping force ranging from 25 metric tons to to 1,000 metric tons.

Simon has an output of 27 million plastic parts per month, with sales of 5.24 billion forints ($23.2 million) in 2013.


Comments

Hungarian auto supplier expands to meet new demand from Serbia

Jaroslaw Adamowski
EUROPEAN PLASTICS NEWS

Published: March 13, 2014 10:15 am ET
Updated: March 13, 2014 10:18 am ET

Post Your Comments


Back to story


More stories

Image

German molder picks North Carolina for US manufacturing plant

February 26, 2015 4:21 pm ET

UPDATED — German medical goods company Raumedic AG has chosen Mills River, N.C., for its first U.S. manufacturing site and U.S. headquarters.    More

Image

Plastic Omnium makes China investment push

February 26, 2015 4:35 pm ET

Three of the six new plants that automotive molder Plastic Omnium SA plans this year will be in China, part of a broader push it’s making in...    More

Image

UK composites firm taking a global approach

February 26, 2015 11:46 am ET

MCL Group Industries Ltd., the Staffordshire, England-based composites manufacturer, has announced plans to export worldwide for the first time.    More

Image

Serbia puts Krušik-Plastika up for sale

February 26, 2015 11:39 am ET

The Serbian Privatization Agency has launched the privatization process for local plastics maker Krušik-Plastika. The agency says it is...    More

Image

New press at Diamond Line a North American first

February 24, 2015 5:39 pm ET

L.K. Systems Inc. has delivered its first eXcel-brand injection molding machine to a North American customer.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events