Complex Development Program at KTS Metalltechnik Ltd.

The opening ceremony of a complex corporate development project to be carried out by KTS Metalltechnik Ltd. has taken place in Bátonyterenye, NE of Budapest. Thus, the company will be able to participate as a supplier in the expansion of the electric battery production capacity in Hungary.

The development project is to cost HUF 250 million, of which over 50%, that is HUF 245.72 million conditionally reimbursable European Union funding in the framework of the GINOP PLUSZ economic development program.

As part of the complex development, the company is expected to create 30 jobs in the region by building a new assembly hall and to develop its existing human resources by using consultancy and training services. The investment also includes the acquisition of a CNC machining center and an automatic cutting machine. A 15 kW solar panel system will also be installed to ensure sustainability.

With the project, which is planned to be completed in the fall of 2023, KTS Metalltechnik Kft., which is 20 years old this year, intends to contribute to the prosperity of the Nógrád region.