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Swedish injection moulder Nolato expands plant in Hungary

November 07/2011

(PlastEurope) -- At an investment cost of about SEK 30m (EUR 3.3m), the Medical division of Nolato is to expand its production site in Mosonmagyarovar/Hungary. The Swedish group plans to build a new hall with a production area of 3,500 m2. Subsidiary Nolato Magyarorszagdie will be able to use the new space, which includes additional clean room capacity, from 2013 onwards. According to local media reports, the expansion will result in raising current employee levels from 400 to around 450.

For the nine months up to September 2011, Nolato has seen sales decline by 11% to SEK 2.243 bn (EUR 248m). Operating income (EBITA) slipped by 24% to SEK 151m.

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