During 2016 the Gnotec group has been awarded new businesses to an annual value of 36 M€ from major OEM and Tier1 customers. The current turnover of 110 M€ is expected to increase by 50% to 2020. The growth is especially strong in Slovakia and China.

To be able to accommodate the new business taken to the Gnotec plant in Čadca, Slovakia, a top modern press hall of 1700 m² has been built. The press hall houses six automatic press lines ranging from 200 to 500 tonnes and a fully automatic scrap handling system for increased efficiency. Space and foundations for another two press lines have already been prepared. One of the new presses is a 200 ton Servopress which gives Gnotec Čadca access to the latest technology in automatic pressing.

Stefan Ottosson, CEO of Gnotec, comments the investment: "The extension of our plant in Čadca strengthens our position on the European market and is an important step in our growth strategy."  

The new press hall in Čadca will be inaugurated at a customer event on June 1-2, 2017.