Valeo expands its manufacturing and R&D complex

Valeo Auto-Electric Magyarország continues to expand its manufacturing and R&D complex in Veszprém with a greenfield project. More than 200 new jobs will be created in connection with the EUR 60 million worth of development.

One of the world's leading automotive suppliers, the French Valeo, which has grown to a company group by now, is engaged in the manufacture and supply of automotive parts. The company is present in 32 countries worldwide, where it has 169 factories, 20 research centres, 38 development centers and 15 distribution centres, and currently provides jobs to about 106,000 people.

The company has been manufacturing sensors, electronic control units and switches at its Veszprém plant since 1998. Last year, its sales exceeded HUF 147 billion. The electronic and plastic parts used by Valeo Auto-Electric Magyarország come from within the country, mostly from Székesfehérvár, Tatabánya and Tiszaújváros. Its partners include Citroën, Peugeot, Renault and Seat. The manufacturing complex, which also has an R&D laboratory where about 500 employees are engaged in research and development, is one of the most modern plants of Valeo globally.