RUAG expands with new division in Hungary

RUAG Aerostructures, a major player in the aerospace industry, opened its new factory in Eger, NE Hungary. It is the Switzerland-based aircraft section producers third plant to complement the ones in Germany and Switzerland. The investment worth of EUR 6.15 million will create 180 jobs until the end of 2017, according to a communiqué by the Hungarian Investment Promotion Agency (HIPA).

RUAG Aerostructures, a global
tier-1 supplier with a service portfolio for the design and production of
aircraft fuselage sections, wing components, movables, modules and systems,
with a total of 1100 employees at three sites in Emmen (Switzerland),
Oberpfaffenhofen (Germany) and Eger (Hungary), has a broad product portfolio
for civil and military customers and OEMs.

The new factory is going to
produce sub-assemblies products for Airbus and Bombardier supplying the German
site of the company. As a result of the investment, RUAG creates 180 new jobs
in total by the end of the year. The Hungarian government provided subsidy
based on individual government decision for the investment, while HIPA provided
professional management consultancy services to the company through the whole
decision making process.

As the CEO of RUAG
Aerostructures, Dr. Alexander Toussaint, stressed, establishing the new site in
Hungary is the result of an important strategic decision: “in order to keep our
position as top supplier in the aerospace industry, we need to expand
internationally. The Swiss, German and Hungarian units add up to a good cost
balance, and this makes the company competitive and preferred among new
partners.”