Samsonite investing in injection molding capacity, production in Hungary

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: April 29, 2014 9:49 am ET
Updated: April 29, 2014 9:57 am ET

Image By: Samsonite Hungary Samsonite International is investing $11 million in its plant in Hungary to begin making an injection molded polycarbonate version of the Curv suitcase, currently made of reinforced polypropylene.

Related to this story

Topics Consumer Products, Injection Molding, Europe

Samsonite-Hungária, a subsidiary of US baggage manufacturer Samsonite International, is investing almost 8 million euros ($11 million) in a fresh expansion phase at its plastics molded suitcase plant at Szekszárd  in south west Hungary.

The company is constructing a new 4,400 square meters production hall at the site which will add output of 800 polycarbonate cases per day. The building, taking the plant’s size to 19,000 sqare meters, is due for completion by mid May allowing the unit to launch production by June 2014, the firm announced.

Through its latest project, Samsonite-Hungária will broaden its product portfolio and boost overall output at Szekszárd by 28 percent.  New added value technology is being introduced to enable the plant to turn out designer PC cases in parallel with its older Curv composite material case models in order to meet a demand for innovative baggage in Europe, the firm said.

Curv is a reinforced polypropylene composite sheet produced by Propex Operating Co. LLC.

Last year, the Hungarian subsidiary turned out a total of 640,000 suitcases a figure which is set to rise to 700,000 in 2014. The latest project will increase the workforce by 50 to 500, according to the unit’s director József Pinczel.

Samsonite’s latest investment scheme attracted state subsidies worth 2.3 million euros ($3.1 million) through Hungary’s New Széchenyi Plan fund. The project is part of the group’s 16 million euro ($22.1 million) investment plan in the country, originally launched in 2009.

Samsonite-Hungária saw annual sales rise 2013 from 37.4 million euros ($51.6 million) to more than 41 million euros ($56.6 million) with pre-tax earnings at 3.86 million euros ($5.3 million). The company expects an improved result this year with its pre-tax profit up to 4.84 million ($6.6 million) on annual sales of 48.4 million euros ($66.8 million).


Comments

Samsonite investing in injection molding capacity, production in Hungary

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: April 29, 2014 9:49 am ET
Updated: April 29, 2014 9:57 am ET

Post Your Comments


Back to story


More stories

Image

Small is beautiful in Nissei's newest press

November 21, 2014 2:14 pm ET

Responding to customer demand for flexibility, Japanese plastics-equipment manufacturer Nissei Plastic Industrial Co. Ltd. is demoing a caster-...    More

Image

Three advancements have driven injection molding technology

November 21, 2014 6:00 am ET

Injection molding technology has made major advances in the last 25 years, from largely a world of shoot-and-ship to doing as much as possible at the ...    More

Image

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

Image

Netstal, Electra Form team up for PET preform partnership

November 20, 2014 3:15 pm ET

The Netstal division of Krauss-Maffei Corp. is teaming up with Electra Form Industries in a partnership to offer PET preform machines and molds as a...    More

Image

UK plastics firms target customers in Mexico and Central America

November 20, 2014 4:31 pm ET

The British Plastics Federation is stepping up its interest in Latin American markets, as evidenced by its debut appearance at the Plastimagen México ...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events