TR Fastenings Hungary Kft, part of the Trifast plc Group, is celebrating the opening of its new purpose-built facility in Budapest, building on years of rising demand in the region.
Located in the southern suburb of Szigetszentmiklós, Budapest, TR Fastenings Hungary Kft is a fastener and Cat C supplier to international OEM’s and their subcontractors not just in Hungary but in the seven countries that border them. The new 3,500 sq. metre modern facility has 9.5 metre eaves in the warehouse and is a high-capacity distribution facility that is ready to support TR’s future European growth strategy.
TR Hungary was first established in 2000 and has grown considerably in that time, quickly outgrowing two previous locations. Its rapid growth has been a real success story for TR and the region alike. It has come about through rising demand from large multinational household brands, many of which TR supplies to elsewhere in the world. Hungary has historically been a lower cost production region but with a highly skilled available workforce making it ideal for this kind of strategic investment. Hungary has a central location in Europe with seven countries on its border, which is perfect for distribution hubs.
A region growing in opportunity
Hungary has been a real success story for TR. Local infrastructure has been enhanced with the second airport and the recently enhanced road network. We located to a fast growing industrial park off the M0 motorway, which proved to be a very fortuitous move as one of our largest customers NCR moved in just 600 metres away from us. Over time we have built a portfolio of multinational customers that expect the same excellent service that they receive from TR globally. This includes technical and engineering support, as well as logistics services.
She went on to say: “We’re servicing these major customers in each of the countries surrounding the TR Hungary operation and inevitably we have had to expand again. It took several years because of the growth in Hungary to locate a new facility close to the existing site to grow into but we are very confident of the investment. We were very keen to retain trained staff, many of whom are also multilingual, so we ensured we did not move too far away. Product knowledge and an understanding of the level of service our multinational customers expect was a key staff retention factor, but we wanted to go further. The new facility is a showpiece modern workplace, where people have a great working environment and where customer and staff training sessions and customer site visits can also be held.”
