Spanish company expands business in Szolnok

The Spanish Segura Group invests over EUR 17 million to expand its automotive bodywork and engine metal component factory in Szolnok, Eastern Hungary and plans to create an additional one hundred jobs there. The Hungarian government contributes to the project with a non-refundable cash grant of about EUR 2.1 million.

The President of the company, Francisco Segura Hervás announced in Budapest that due to the development, the plant area will increase to 25,000 square meters, which is a two-and-a-half-times increase in the area of operation compared to the start of the production in 2007.

The company, established in 1970, is engaged in the manufacture of automotive parts, primarily seats, bodywork, engines, exhaust systems and interior components. Its services include design, prototyping and mold manufacturing tasks, and it also performs stamping, welding, surface treatment and foaming. In addition to its three plants in Spain, the Group also has a production unit in Hungary and China. The staff of the Szolnok factory provided assistance in the launch of the latter with their professional experience. The Group’s most important customers include, among others, the Volkswagen and PSA Peugeot Citroën concerns, BMW, Mazda and Volvo, according to the Hungarian Investment Promotion Agency (HIPA).

F. Segura Hungary Ltd. has been operating in Szolnok since 2005. Its core activity is the manufacture of road vehicle and vehicle engine parts. The sales revenue of the company, employing over 200 people, exceeded EUR 28 million in 2015; almost 60% of this amount came from export sales.