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 Europe, Consumer Products, Injection Molding

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

Bag usage drops 71% in Northern Ireland

August 28, 2014 10:41 am ET

A shopping bag fee in Northern Ireland has resulted in a 71.8 percent reduction in bag numbers in its first year of operation.    More

Image

Design Stories: Young designers showing the way in adaptive design

August 27, 2014 12:12 pm ET

Amanda Bolton, then 19, decided to change her major at the University of Cincinnati from fine arts to industrial design, creating products for people ...    More

Image

Mission Plastics brings new automated work cell on line

August 26, 2014 4:17 pm ET

Custom injection molder Mission Plastics Inc. and a customer have created a $1.5-million automated work cell for a medical diagnostics product.    More

Image

Romania's biggest PVC processor adding capacity, product lines

August 26, 2014 10:07 am ET

Romanian plastics manufacturer Teraplast SA has unveiled plans to invest 1.3 million euros ($1.7 million) this year to expand its output capacity and ...    More

Image

Sonoco buys Germany's Weidenhammer, plans for thin-walled packaging growth

August 25, 2014 1:41 pm ET

Sonoco Products Co.'s acquisition of Weidenhammer Packaging Group GmbH of Germany includes plastic packaging technology that the company is targeting ...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events