| Ministry of Foreign Affairs and Trade

Maxon Motor extends Hungarian plant

October 3, 2017

The Hungarian subsidiary of the Swiss Maxon, Maxon Motor Hungary Kft. will extend - with a cash subsidy from the Hungarian government - its electromotor plant in Veszprém with an investment worth some HUF 4.2 billion, and the project will create 102 new jobs.

The Swiss-based Maxon Motor manufactures special and, at the same time, precision DC motors and associated power units and controls. The vast majority of the products are made for the healthcare and mechanical engineering industries, but the aircraft and automotive industries are also important segments. Due to its special, high precision products, Maxon is an official supplier of the American space agency (NASA) and the European Space Agency (ESA). In Europe, in addition to Switzerland, it has manufacturing sites in Germany and in our country.

The Hungarian Government is providing a non-repayable grant of HUF 1.05 billion - close to one quarter of the investment cost - for the project.


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