Polyfoam expands Hungarian PE foam plant

By Jaroslaw Adamowski
EUROPEAN PLASTICS NEWS

Published: May 28, 2014 10:10 am ET
Updated: May 28, 2014 10:17 am ET

Related to this story

Topics Europe, Automotive, Construction, Recreational/sporting goods

Hungary-based PE foam manufacturer Polyfoam Kft has expanded its production facility in the country’s capital of Budapest. The firm added a new production hall to the plant, reported local daily Népszabadság.

Polyfoam invested a total of 4.5 million euros ($6.1 million) to set up the production hall and launching an R&D center. As part of the project, the firm is to take on 40 new employees which will be added to its existing workforce of more than 200.

The Budapest-based company is owned by Japan’s Trocellen group which expanded into the Hungarian market in 1984.

Sándor Pluhár, executive director at Polyfoam, said that the company’s revenues rose to 6.3 billion Hungarian forints ($28 million) in 2013, which marked the first increase in six years.

Polyfoam supplies its output to various manufacturers active in the automotive, sports equipment, and construction industry. About 96 percent of the Hungarian firm’s output is intended for export to 35 foreign markets, with France and Germany accounting for the largest share of the sales, according to data from Polyfoam.


Comments

Polyfoam expands Hungarian PE foam plant

By Jaroslaw Adamowski
EUROPEAN PLASTICS NEWS

Published: May 28, 2014 10:10 am ET
Updated: May 28, 2014 10:17 am ET

Post Your Comments


Back to story


More stories

Image

Huntsman closing four pigment plants

March 5, 2015 3:36 pm ET

Huntsman Corp. is closing four plants — three in the U.S. and one in Germany — that make pigments for plastics and other markets.    More

Image

Auto supplier Motus adds more production as it buys Leon Interiors

March 5, 2015 10:52 am ET

Motus Integrated Technologies, a Tier 1 automotive interiors supplier, is getting bigger, adding the assets of Tier 2 supplier Leon Interiors Inc.    More

Image

PET makes it possible to have your beer and be sustainable too

March 5, 2015 10:45 am ET

PET could replace stainless steel beer kegs in a material swap product developers say will be more environmentally friendly and cost effective for...    More

Image

Wright Plastic Products buys Tennessee auto supplier Hope Industries

March 4, 2015 3:51 pm ET

Michigan custom injection molder Wright Plastic Products Co. LLC has acquired Tennessee-based automotive supplier Hope Industries Inc., the companies ...    More

Image

Winter blasts ADS sales forecast

March 4, 2015 3:40 pm ET

Net sales forecasted for Advanced Drainage Systems are likely to slip as bad weather grips much of the United States into early March, delaying constr...    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