Hetronic Malta to invest Lm700,000 over three years

by Michael Carabott

A local company producing remote control units for other
global organisations this week announced its plans to expand its operations with plans to invest Lm700,000 over three years.
Hetronic Malta opened its fac-tory back in 1994 with just 14 employees. Seven years later, in 2001, the employees number 82.
Hetronic Malta said that over the next three years they would be employing an additional 38 people to bring the complement up to 120 employees by 2004.
The company is a member of Hetronic Group of Companies, founded in Germany back in 1982. The whole group comprises 11 companies worldwide.
The Malta operation manufactures remote controls as well as some of the control units’ individual components.
Hetronic Malta’s main clients include the leading manufacturers of tower cranes and concrete pumps Potain and Cifa respectively. Hetronic Malta’s general manager Simon Grima said the company was also close to securing a contract with another leading US
company.
“In addition, Hetronic Malta deals with the marketing, sales and
service centre for the Mediterranean, Middle East and North Africa,” he said.
Economic Services Minister Josef Bonnici visited the plant and said Hetronic had the ideal profile of companies the Malta Development Corporation was trying to attract to this country.
“Hetronic’s success shows that Malta does offer the right business environment and it is another testimonial for our investment promotion initiatives,” said Professor Bonnici.
Prof. Bonnici also congratulated Hetronic for the progress it had made since setting up in Malta. “I remember three years ago we were in Japan with a delegation from
Hetronic and the MDC, Hetronic managed to secure a contract with Komatsu, a leading Japanese construction company,” he said.
Prof. Bonnici said he had no doubt the company would continue to expand and prosper and said Hetronic was a good advert for Malta internationally.