Germany-based EBM-Papst Industries will invest nearly 10 million euros ($10.7 million) at plants in Germany and Hungary to expand production and improve technology.
At St. Georgen, Germany, the company broke ground on a 3,500-square-meter production hall to make printed circuit boards while in Vecsés, Hungary — near Budapest — the company will double production at its fan molding and manufacturing facility focused on supplying the auto industry.
The company said in a news release that it will invest 5 million euros ($5.3 million) in Germany, where it expects to add 60 jobs. In Hungary, it will spend 4.5 million euros ($4.8 million) for the 5,000-square-meter expansion.
Construction at both locations will focus on energy efficiency and resource preservation, noted EBM-Papst, based in Mulfingen, Germany.
EBM-Papst makes fans using polypropylene, polyethylene nylon and ABS and supplies a variety of industries including the auto market.
In the financial year 2016-2017, Papst Hungary is forecasting a 30 percent increase in the company's sales. In the 2013-14 financial year, Papst Hungary reported revenues of more than 3 billion Hungarian forints ($10.7 million), according to figures from the Budapest-based manufacturer.