Greiner Bio-One mulls Hungarian expansion

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: June 25, 2014 10:21 am ET
Updated: June 25, 2014 10:25 am ET

Related to this story

Topics Europe Medical
Companies & Associations

Austrian disposable health care products manufacturer Greiner Bio-One International is considering expanding its production facilities in Hungary.

The company, part of Kremsmünster, Austria-based foam and plastics processor Greiner Group, is mulling alternative sites for its latest investment, including the Hungarian plant at Mosonmagyaróvár. But, Greiner Bio-One may still opt to extend one of its other units in Germany, Austria, Brazil, Thailand and the US.

The processor expects to make a final location decision for its planned investment of up to 5 million euros ($6.8 million) within a month, likely July, Bio-One Hungary managing director László Balogh told the Hungarian news agency MTI.

If the firm selects Hungary for the expansion scheme, the manufacturing area at Mosonmagyaróvár would rise to around 10,000 square meters. Preliminary design work has already been carried out and, given the green light, additional production of laboratory products could begin next year, he suggested.

An enlarged site there, where Bio-One already employs about 140, is likely to increase the workforce by between 40 and 60, the executive said.

Benefits of proceeding with the project in Hungary include lower labor costs and the potential of incentives and other financial support from both the national government and European Union funds. A rival location abroad has the advantage of a large market and saving on shipping costs.

Greiner Bio-One International, employs around 1,700, and operates worldwide in the biotechnology, pharmaceutical, medical and in-vitro diagnostics fields.  Last year, its Hungarian subsidiary, which focuses on production of injection molded disposable petri dishes for laboratory use, turning out up to 160 million units per year, had sales of 11.7 million euros ($15.9 million) last year.

The family owned Greiner group established its Hungarian plant in 1996 as Greiner Labortechnik. Its subsidiary company was renamed Greiner Bio-One International in 2000. Bio-One Hungary expects to increase its annual sales this year to around 12.7 million euros $(17.3 million).

Greiner is already investing heavily in the Bio-One business in Austria with a 14 million euro ($19 million) project to expand its Mediscan product sterilization site at Kremsmünster. A groundbreaking ceremony is due to take place there in the third quarter of 2014, the group said.


Comments

Greiner Bio-One mulls Hungarian expansion

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: June 25, 2014 10:21 am ET
Updated: June 25, 2014 10:25 am ET

Post Your Comments


Back to story


More stories

Image

Sipospack to build new flexible packaging plant in Hungary

March 30, 2015 9:38 am ET

Hungarian flexible packaging producer Sipospack Kft. is investing nearly 3 million euros ($3.2 million) in an expansion at a new site at Sóskút in...    More

Itech South buys 7 Negri Bossi presses

March 26, 2015 4:51 pm ET

Itech South, part of Injection Technology Corp., bought seven Negri Bossi injection molding presses, equipped with Sytrama robots, at NPE 2015.    More

Image

Customs snafu snags Boy Machines

March 26, 2015 9:42 am ET

ORLANDO, FLA. — With apologies to poet Robert Burns, this year’s NPE in Orlando definitely proved that “sometimes the...    More

Image

Hall of Fame: Eugen Hehl helped make Arburg a plastics powerhouse

March 22, 2015 6:00 am ET

Eugen Hehl said his family-owned machinery company, Arburg GmbH & Co. KG, is built on a humble dedication to excellence, but, as he built the...    More

Image

Norres investing in hose production

March 20, 2015 9:19 am ET

Germany's Norres Schlauchtechnik GmbH has launched a program to invest a little more than $3 million to double its capacity and upgrade at least one f...    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