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

Magna opens new exterior facility, plans for lighting investment

October 30, 2014 1:36 pm ET

Canadian automotive supplier Magna International Inc. on Oct. 28 opened a new injection molding and robotic paint line facility in Delta Township,...    More

Image

Xten may shut down, working on sale to Commercial Plastics

October 29, 2014 5:49 pm ET

Xten Industries LLC is working on a sale to Commercial Plastics Co. of Mundelein, Ill. Xten, an injection molder based in Kenosha, Wis., filed a...    More

Image

Five-axis flexibility paying off for Sepro and its customers

October 29, 2014 1:47 pm ET

French robot maker Sepro Robotique expects to generate 78 million euros ($99 million) in 2014 sales — 17 percent more than 2013 — as...    More

Image

Schütz investing $20 million for bulk container production in Missouri

October 29, 2014 11:18 am ET

German packaging company Schütz GmbH & Co. KGaA is expanding its presence in the United States through a $20 million project in Missouri slated to...    More

Image

Detroit Manufacturing Systems to hire 200 for F-150 production

October 29, 2014 10:40 am ET

Interior trim supplier Detroit Manufacturing Systems LLC plans to hire 200 assembly workers by January to support production growth of Ford Motor Co.'...    More

Market Reports

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 million dollar 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

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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