QSCH Invests HUF 1 Billion in Line-stretching

QSCH Kft, the Hungarian subsidiary of Swiss Adval Tech has unveiled plans to develop its production capacities by building a new, 5,000 sqm plant at its site in Szekszard.

The new production lines will supply BMW’s German factories with accessories for the next-generation models of BMW 1, BMW 3, and later on, the 5, 6 and X1 series. The production of the items has already been launched at the existing facilities, and will be stepped up further in the new plant which is expected to be inaugurated in November. The expansion entails the hiring of 50 new employees, and a total staff-growth of 500 within the next 5–8 years, Bernd Kunze, executive director of QSCH said at a press conference on Thursday. Adval Tech’s Hungarian offshoot had revenues of EUR 12 million in 2009, and the company’s executive is upbeat about the future developments of the European car industry.

 

News Monitoring