Sicta continues to expand flagship manufacturing facility

The announcement of the investment was held at HIPA headquarters

Sicta is on a roll implementing an about EUR 11 million project in Felsőzsolca. The French automotive supplier specializing in metal foundry is to create 115 new jobs. The Hungarian Government – in cooperation with the Hungarian Investment Promotion Agency (HIPA) – provided subsidy based on individual government decision for the project.

Péter Szijjártó, Minister of Foreign Affairs and Trade at the announcement of the investment

Founded in 1969, Citele has advanced from a trade dealership to a decisive group of companies in the automotive, energy, aviation and other industrial branches. Two of the largest enterprises of the Groupe Citele are Citele Industrie, manufacturing complex parts from alloys, as well as Sicta, specialized in the high-output assembly-line manufacturing of cast parts with a solid core. As a leading global supplier of the automotive industry, Sicta owns interests in France, China, Bulgaria, and Hungary.

Sicta Kft., the Hungarian subsidiary founded in 2006, is headquartered in the village of Felsőzsolca, near the city of Miskolc. As its main profile, the company works as a gravitational foundry, producing cast-aluminium turbo compressors for the automotive industry. Currently employing 380 people, Sicta has invested about EUR 30 million of its equity resources in its Hungarian operation. Over time, the venture has evolved into a strategic base and flagship of the company, not only in terms of the number of employees but also as regards manufacturing floor space. Additionally, the company has contracted an increasing number of suppliers, now cooperating with no fewer than 200 small and medium-sized enterprises in Hungary.

The current development means a new manufacturing facility being built, as well as the acquisition of new machinery and tooling for the Felsőzsolca facility. All of this will result in a 45% increase in manufacturing capacity, and a boost of employee payroll to 500.

André d'Ales, President of SICTA in Hungary

Instrumental in this process have been an investor-friendly political and tax climate, as well as the central and local governments, giving much-needed support in terms of collaboration and downright support, not to mention the excellent qualifications of the available Hungarian work force. Another factor was the nearness of Miskolc University, with which we have established an agreement for dual training — emphasized their points for Hungary André d'Ales, President of SICTA Hungary in his Hungarian speech.

SICTA is a founding member of the initiative to resuscitate foundry engineering training in Hungary. As a result, there are already four students studying foundry under the Faculty of Material Science at the University of Miskolc.