With a new investment, Hilti Szerszám Kft. (Hilti Tool Ltd.) will engage in new activities at its site in Kecskemét, SE of Budapest, including the production of manual power tools and the establishment of a logistical system.
The investment value amounts to HUF 7.2 billion (over EUR 20.1 million), of which the Hungarian government subsidy is HUF 1.1 billion (or about 15%).
As the Hungarian Investment Promotion Agency (HIPA) reports, the parent company Hilti AG, which celebrates its 80-year anniversary this year, is present in more than 120 countries and employs over 30,000 associates worldwide. The company is at the forefront of technology, software and services primarily supplied to the construction industry: their operation covers all areas from design and product software development and the production of tools up to different educational, servicing, testing and consultancy services.
Hilti Szerszám Kft. was founded in 1989 with headquarters in Kecskemét. The company produces tools, chisels, screwdriver bits and cutting discs for use in the construction industry at its manufacturing plant in Kecskemét. Major proportion of the company's production is exported and sold through the parent company's global network.
The new plant next to Kecskemét will manufacture cutting machine parts and assemble machine tools, measurement technology and vacuum systems, however, the investment stretching until 2024 will also facilitate the development of a new logistical system.
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