A new factory has neen opened by the automotive component and raw material supplier thyssenkrupp Component Technology in Jászfényszaru, E Hungary. It produces overhead camshafts and electro-mechanical power steering.
A new factory has neen opened by the automotive component and raw material supplier thyssenkrupp Component Technology in Jászfényszaru, E Hungary. It produces overhead camshafts and electro-mechanical power steering.
REHAU, the world's market leader automotive polymer supplier is building a new manufacturing plant in Hungary. Provider of polymer-based solutions, REHAU will manufacture lacquered external components in the new plant for the automotive industry.
The Turkish company Metyx, engaged in the manufacture of glass and carbon fiber raw materials – and composite products made of them –, will double the number of its employees, creating high added value jobs, as well in the Somogy County town.
Continental Automotive Kft., a subsidiary of Germany’s Continental AG, will open an artificial intelligence competence center in Budapest in May, with the Hungarian government providing a quarter of the HUF 5.5 billion (EUR 17.7 mn) investment cost.
As a result of a comprehensive EUR 20 million development project, ContiTech Magyarország, belonging to the Continental Group, has expanded production in Nyíregyháza, NE Hungary, the Hungarian Investment Promotion Agency reports.
Japan's GS Yuasa Corporation, which is listed on the Tokyo Stock Exchange, has announced to establish a manufacturing subsidiary company, GS Yuasa Hungary Ltd. in Hungary and to construct a new plant for lithium-ion batteries.
The starter motor and generator division of the Bosch Group has completed its transition to an independent company: it will operate in Hungary under the name of Starters E-Components Generators Automotive Hungary, effective immediately.
AImotive, a Hungarian startup developing self-driving car technology that relies on cameras to detect cars, obstacles, and signs, has received funding to be used to increase global scale and accelerate autonomous driving software via simulation technology.
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.
The Indian-based automotive supplier Samvardhana Motherson Peguform (SMP) has established a bumper manufacturing plant in Kecskemét, E Hungary, in an area of 96,000 square meters. The greenfield development is to create about 500 jobs.
Spinto Hungária Kft. is constructing an automotive tool factory in Miskolc. With the about EUR 19 million project, a unit manufacturing large tools will be established in Hungary, for the products of which there is huge demand throughout the region.
Japanese tyre manufacturer Bridgestone had its HUF 85 billion forint (EUR 274 million) capacity-expanding investment project officially inaugurated in Tatabánya, west of Budapest this Thursday. It is expected to create 500 new jobs.
The new plant of CSABAcast has been officially opened in Apc, E Hungary. It has been equipped with state-of-the-art technology and fleet of machines of the highest quality. Themanufacturing baseserves the expansion of the activities of the company.
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.
SPA Profiles Ltd. is constructing a new pressing plant in Székesfehérvár, SW of Budapest. The HUF 6.8 billion forints (EUR 22.2 million) investment by one of the world’s leading automotive industry suppliers is expected to create 120 new jobs.
