Provertha to build new plastic galvanizing plant

German electronics manufacturer Provertha has announced plans to set up a new plastic galvanizing plant at the Kapuvár Industrial Park, in Hungary’s north-west. The production facility is designed to have a production space of 3,650 metres, reports local news site Autopro.hu.

German electronics manufacturer Provertha has announced plans to set up a new plastic galvanizing plant at the Kapuvár Industrial Park, in Hungary’s north-west. The production facility is designed to have a production space of 3,650 metres, reports local news site Autopro.hu.

The project is estimated to be worth some HUF 1.8bn (€5.9m). The manufacturer has obtained a HUF 500m (€1.63m) regional development grant provided by the European Union to carry out its investment. This represents close to 28% of the total amount.

Provertha’s plastic moulding operations include the manufacturing of insulators for connectors, chassis for cable assemblies, glossy surfaces, moulding of components, as well as moulding of electronic components with macromelt, according to data released by the firm.

Construction works at the facility in are expected to begin this May. Under the plan, Provertha will launch its new plant in June 2015.

The latest investment is developed by the company’s subsidiary Provertha Zrt. In addition to two plants in Germany and Kapuvár, the manufacturer operates a further two Hungary-based facilities in Sárvár and Beled.

Courtesy: European Plastic News