Metalconstruct Aluminium Structures Factory Plc., based in Kecskemét, Hungary, will build a new plant hall and expand its aluminum foundry with new equipment with an investment of about HUF 450 million at its Sirok site in NE Hungary, the company's CEO told the state news agency MTI.
CEO Ernő Kis highlighted that the European Union and the Hungarian state will contribute to the investment within the framework of the Economic Development and Innovation Operational Program plus (Ginop plus) with a conditional reimbursable grant of HUF 314.3 million, which will be supplemented by the company's own contribution.
The new production hall will be partly used for storage and partly for production purposes, as it will also house machines for abrasive finishing, grit blasting and washing of castings and the foundry at the Sirok site will be expanded with two new casting cells, he said.
In addition to the expansion of production technology, the complex project will also include a solar renewable energy system, training and consultancy to improve the efficiency of business processes. According to the CEO, the upgrade will increase their foundry capacity by around 20-25%.
The company, which currently employs 35 people, expects to increase its workforce to 50 following the investment.
Ernő Kis recalled that Metalconstruct Zrt., which has a 25-year history in the production of metal structures, aluminum products and light metal packaging, is present in more than ten countries, with its main markets in the European Union.
Among others, hi-tech fan blades are produced for Denmark and pumps for Italy. For their typically non-automotive customers, they produce throttle valves, locks, pneumatic valves and hand tool components, but in the future, they would also like to open up to the automotive industry, he added.
The cast aluminium used as the raw material for the products is supplied by the company's state-of-the-art die-casting foundry in Sirok, which was set up a few years ago.
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