Mor, Hungary–Germany’s car parts maker Fehrer Automotive has completed an investment worth HUF 3.48bn (€11.34m) at its production facility in Mor, in Hungary. The project increased and modernised the output capacity of the plant which makes PUR components for car seats, reports local news weekly Budapest Business Journal.
The funds, which included an investment grant of HUF 639m (€2.08m) provided to the firm under the European Union’s Cohesion Fund, allowed Fehrer to overhaul its production hall, build a new warehouse, and add three new production lines at the Hungarian facility.
The investment was carried out by the producer’s Hungary-based subsidiary, Fehrer Automotive-Raba Kft.
Fehrer says it has been manufacturing lightweight structures and composite components made of fiber-reinforced plastics since the 1980s. The company’s product portfolio includes interior components, seat modules and pads made with polyurethane.
In addition to the Hungarian plant, Fehrer operates other facilities in Eastern Europe, which include the company’s factories in Ceska Lipa and Liberec, both located in the Czech Republic. The car parts maker supplies its output to a number of major car producers, such as Volkswagen Group, BMW, Toyota, Opel, Hyundai, Suzuki and Ford, according to data released by Fehrer.
Since October 2014, the company has been part of the Aunde Group which comprises 100 production facilities located in 27 countries.
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