Kayser Automotive Ltd. has opened a new 3200 m2 plant facility in the Komárom Industrial Park on Wednesday. The expansion has created more than 50 new workplaces in the plant specialized in producing plastic car components, fuel cables, air channels, pressure regulating valves and other plastic components.

At the opening ceremony, Péter Szijjártó, State Secretary for Foreign Affairs and External Economic Relations, declared that „The fact that large, international automobile coproations are present and producing in Hungary, as well as the expansion of domestic supplier companies, prove that Hungary has become the most competitive country in Europe” adding that the plant expansion of Kayser is recent proof that the Hungarian economy cooperates very closely with the German industry.

The State Secretary emphasized that the automobile industry constitutes 16 percent of the industrial performance and 25 percent of the industrial export within the Hungarian economy, and this is in line with the goal of the Hungarian government to make Hungary the production centre of the European Union.

The managing director of the Kayser Hungária announced that the company received 108.2 million HUF support towards the 700 million HUF investment from the European Regional Development Fund and the central budget.

According to Ivó Nemes, the company had reached its full potential with regard to production capacity and the satisfaction of increased customer demand has now become possible through the complex development project.

Because of the automobile plants’ proximity, more emphasis will be put on the Hungarian base in the company group in future. According to the plans of the company, it will be necessary to increase the producing capability by 60-70 percent to meet increased demand.  The Hungarian affiliate was established in 2003 as a greenfield investment.

The parent company, the German-based A. Kayser Automotive Systems GmbH, is situated among the 5 largest European production companies in terms of plastic cable production. Kayser GmbH has 7 plants worldwide, the revenue of the company group in 2011 reached 155 million euros. Dvelopment takes place in Germany (1100 persons) and factories may be found in China (70 persons), Poland (240 persons),Hungary (140 persons), Mexico (250 persons) an Spain (55 persons).

(Prime Minister’s Office)