Schaeffler: Investment of Over HUF 5 Bn in Szombathely

With an investment of more than HUF 5 billion, Schaeffler Savaria Ltd., a manufacturer of automotive components, has upgraded its site with a logistics hall with a floor area of 6,200 square meters and an office building with a floor area of 2,200 square meters in Szombathely, the company told MTI.

The new facility includes meeting rooms, dressing rooms and a conference center suitable for international events; the Schaeffler European Works Council recently held its meeting here with 60 participants from 15 countries, the company said in a statement.

They added that the logistics centre is equipped with state-of-the-art technology, the warehouse system is easily accessible and the products stored there can be moved quickly.

Speaking about the investment, Tibor Szigeti, Managing Director of Schaeffler Savaria Kft., said: they have two plants, two research and development centres and now they have handed over a strategically important logistics centre and office building.

The first plant of Schaeffler's Szombathely site has been continuously developing since its foundation in 1997, and in 2019, they added a 3,000-square-meter hall building, during which they built their arch spring production unit, classrooms and a measuring room, the company said in a statement.

Following a greenfield investment worth more than HUF 23.5 billion, Schaeffler built its new 15,000-square-meter production hall in Szombathely by September 2021 with HUF 5 billion in funding from the Hungarian state, where it will manufacture components for electromobility. The development has created 200 new jobs.

Schaeffler has two factories in Hungary - in Szombathely and Debrecen - a sales centre in Budapest and a research and development centre in the Vasa county seat.

The company employs almost 5,000 people in Hungary, including more than 3,000 in Szombathely, making it the largest employer in the region.

According to publicly available data, Schaeffler Savaria Ltd. achieved net sales of HUF 333.944 billion in 2022, up from HUF 274.715 billion in the previous year.

The international Schaeffler Group is a German family-owned company, operating as an industrial and automotive supplier in more than 50 countries. Last year the group's turnover was EUR 16.3 billion, up 5.8% on the previous year.