Acquired by JUMPS Auto, a full service Auto components supplier with roots in India.
Restructuring program implemented to turn around the business and improve efficiencies.
Implemented SAP computer systems along with Babtec as quality management system.
Quality systems upgraded and certified under TS16949:2002.
Established manufacturing plant in Poland as HONASCO Polska Sp.z.o.o. in Klobuck.
Started Production of Tolerance Adjusters and registered Patents worldwide.
Acquired by Joerg Schwarzbich giving an innovative edge to HONASCO.
Entered Automotive business with supplies to leading OEM's and Tier One manufacturers.
Foundation of HONASCO laid with first production of technical plastic components.