Nolato to Increase its Production and Storage Area

With a development cost of EUR 21 million, Nolato Hungary Ltd. that manufactures hygienic and medical products, is to increase its production and storage area in this country by more than 150%. The Hungarian government is to cover about one fifth of the costs of development.

While retaining existing jobs, the complex project that also includes the further development of production equipment is expected to be implemented by the end of 2024.

As the Hungarian Investment Promotion Agency explains, the parent company of the Nolato Group was founded in 1938 for the production of injection molded rubber components and products. The group is now a high-end player in the plastic and silicon injection molding sector, and besides classic industrial plastics, it is present in the automotive, mobile phone and healthcare industries and owns many of its own patents.

Nolato Hungary Ltd. became the member of the Swedish Nolato Group in 2000. The Hungarian subsidiary, with its factory and headquarters located in in Mosonmagyaróvár, NW Hungary, expanded its production area almost every two years over the last decade and is constantly developing its production technology. Due to the pandemic, demand for the company's products has increased significantly and therefore it was making full use of its production capacity in 2020.

The company has now decided on the largest extension of its existence, including a new building and its infrastructure, as well as the purchase of production machinery and laboratory equipment. The building with almost 8,000 square meters is anticipated to be constructed in the first quarter of 2022, some of the new machines however will already be commissioned in the existing production halls in the second half of 2021.

The investment of Nolato Hungary Ltd. is necessary due to the expansion of the capacity of existing products and the introduction of new products, by which the company group facilitates the geographical expansion of its customers. The production of high value-added products in larger quantities than ever requires significant development work, which is ensured by the availability of a highly qualified personnel.