At an investment cost of about SEK 30m (EUR 3.3m), the Medical division of Nolato (Torekov / Sweden; www.nolato.se) is to expand its production site in Mosonmagyaróvár / Hungary. The Swedish group plans to build a new hall with a production area of 3,500 m². Subsidiary Nolato Magyarországdie will be able to use the new space, which includes additional clean room capacity, from 2013 onwards. According to local media reports, the expansion will result in raising current employee levels from 400 to around 450.

For the nine months up to September 2011, Nolato has seen sales decline by 11% to SEK 2.243 bn (EUR 248m). Operating income (EBITA) slipped by 24% to SEK 151m. The Telecom business was mainly responsible for the decline, having seen sales collapse in the space of a year by nearly 40% to SEK 728m, with EBITA diving from SEK 98m to SEK 7m. The picture was very different for the Medical division, where sales rose by 20% to SEK 687m and EBITA by 14% to SEK 82m. The Industrial division grew sales by 12% to SEK 830m and lifted EBITA by 28% to SEK 78m.