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Pannonplast Rt concludes deal with Philips

Plastics industry holding company Pannonplast Rt signed a three-year agreement with Philips to supply it with plastic components for television and video equipment, Pannonplast announced on Friday.

The company declined to give information on the value of the deal.

Moldin 2000 Kft, a member of the Pannonplast group located at Székesfehérvár has become a Philips supplier of injection molded, painted, and assembled component modules.

Test production has begun and is expected to increase to full capacity in Q3 of 2003, Pannonplast said.

(PBJ 07.iv.03)

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