Hungary’s Kókai Inaugurates €1 mln Production Plant

Kókai Tömítéstechnikai Kft., a Hungarian Tier 2 supplier of rubber seals and gaskets for the automotive industry, won a HUF 100 million grant for the 2,400 square metre hall.
Headcount at the plant is up 50 from last year at 250, said managing director Mátyás Kókai. The company plans to make almost 100 new hires over the next two years, he added.
Kókai Tömítéstechnikai expects revenue to rise to HUF 3 billion in 2011 from HUF 2.6 billion in 2010, he said. The company had after-tax profit of HUF 600 million in 2010, he added. Exports generate half of the company's revenue.
Founded in 1984, the company supplies components, among others, to Bosch, Continental and Knorr-Bremse.