DENVER (Jan. 20, 10:10 a.m. ET) — Samsonite Hungaria, the Hungarian manufacturing offshoot of U.S. baggage maker Samsonite Corp., recently completed a 2.47 million euro ($3.18 million) expansion at its plant in Szekszard, Hungary.
This investment is part of a larger 4.8 million euro ($6.19 million) growth program underway at the firm's Szekszard facility aimed at doubling its capacity to meet growing world demand.
The project includes the construction of a 19,400 square foot production hall as well as the modernization of the existing manufacturing and office areas. In 2010, Samsonite indicated that more than half its local investment will go into installing new production equipment.
Szekszard specializes in Samsonite's plastic suitcases including the strong, lightweight Cosmolite and Cubelite brands which use the group's Curv polypropylene composite technology.
Denver-based Samsonite expects output at the plant to increase from 420,000 suitcases per year in 2010 to around 572,000 in 2011 and 2012. The plant expects to add 50 employees, up from 300 at the start of last year.