German-owned Thyssenkrupp’s story in Hungary has reached another key milestone: the topping out ceremony of its capacity expansion marks the latest stage of the company’s journey on Hungarian soil. The EUR 58 million investment that enables Thyssenkrupp to produce rotating shafts for electronic vehicles (EV) will create 110 new jobs, the Hungarian Investment Promotion Agency […]

A new Thyssenkrupp engineering development office was inaugurated in Szeged, SE Hungary reflecting the German behemoth’s effort to intensify related activities as part of its Hungarian operation. Up to 65 automotive engineers can look forward to be hired in the near future in three locations, Szeged being the flagship venue of the development. Being among […]

The new office building, which was created from EUR 6.2 million, comprising 13,200 square meters of office space and a 2,500-square-meter laboratory complex, provides space for 1,200 workstations. The German-owned company currently employs more than 1,000 highly qualified engineers at its headquarters in Budapest. Thyssenkrupp is one of the world's top component suppliers, whose clientele […]

The German multinational conglomerate Thyssenkrupp launches another electromobility-related development project in Veszprém, W Hungary where the company will establish an engineering service center with an investment of slightly over EUR 6 million. The Hungarian government is to cover 35% of the investment costs of the project that promises to create 80 new engineering positions within […]

The German Thyssenkrupp is postponing the construction of its production plant in Pécs, southern Hungary by one and a half to two years, Forbes magazine has learned. According to the original plans, production would have started in mid-2020 in the plant where engine parts will be produced for hybrid and fully electric vehicles. This later […]