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 Medical, Europe

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

European polymer firms may face more pressure from US shale

December 24, 2014 9:57 am ET

InterBulk Group plc, the publicly-traded logistics group, has warned that European polymer markets would continue to come under pressure from new...    More

Auto suppliers announce expansion plans in Slovakia

December 24, 2014 9:11 am ET

Three auto suppliers in Slovakia have announced plans to expand in the country.    More

Image

Blachford Acoustics Group enters European market with UK acquisition

December 23, 2014 3:22 pm ET

Heavy truck interior systems supplier Blachford Acoustics Group has purchased European supplier TMAT Acoustic Technologies Ltd.    More

Image

French investment firm buys Vienna-based Constantia Flexibles

December 23, 2014 3:03 pm ET

Constantia Flexibles GmbH, one of Europe's largest flexible packaging companies, has a new owner.    More

Image

Cretex buys California toolmaker

December 23, 2014 11:34 am ET

Medical device manufacturer JunoPacific Inc. has added tooling capabilities through the acquisition of Lawrence Tool and Engineering in California.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

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

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