Investment in Heavy Machinery Manufacturing in NW Hungary

The Chinese company Zoomlion has reached the first milestone in its Tatabánya investment, according to a report by the Hungarian Investment Promotion Agency (HIPA).

Zoomlion, one of the largest construction equipment manufacturers in the world, has more than 30 years of experience and is present in 19 countries across four continents. Its products are not only popular in Asia but also in Africa, Central America and Europe, HIPA says.

To expand its European manufacturing capacity, the company chose Hungary as the location for its new assembly and painting plant. The Tatabánya facility will be Zoomlion’s first European smart manufacturing base, focusing on the production of environmentally friendly, high-value-added aerial work platforms. The project, which will be completed in two phases, is valued at EUR 105 million. About 16% of that amount is covered by Hungarian taxpayers through a government decision. The first phase, which has now been completed, took place in a 55,000-sqm leased hall, while the second phase will be carried out in a company-owned facility. The investment, promises to create a total of 802 new jobs.

The investment supports the sustainable industrial transition while generating significant export-oriented activity. Additionally, the company plans to establish research and development, service and spare parts supply centers, strengthening Hungary’s industrial and technological position.

The Chinese company’s investment significantly contributes to the development of the domestic industry, as the project will primarily involve Hungarian suppliers. Close cooperation with local educational institutions will help replenish the skilled workforce. The project is crucial for the spread of electric vehicles, smart manufacturing, and green technologies, while supporting technological innovation and strengthening the training of domestic workers.