Thyssenkrupp expands automotive business in eastern Europe

Thyssenkrupp expands automotive business in eastern Europe

Published at: 2019-06-25 11:41 | Author: CIJ Serbia
Thyssenkrupp has decided to build a new auto components plant in Pecs, in the southwest of Hungary. The €50m investment will result in a facility for the production of valves and electric motor components, with construction scheduled to begin in September. Company officials expect the plant to begin producing at the end of 2020 and that as many as 200 people will be employed there. "With our new investment in Hungary we are expanding not only our production network in Europe but also our product portfolio and manufacturing electric motor components outside Germany for the first time,” said Dr. Karsten Kroos, CEO of Thyssenkrupp’s automotive division.

Similar Stories:

CITIC Dicastal to build €300m auto parts factory in Žďár nad Sázavou
The Chinese-owned supplier of aluminum auto parts CITIC Dicastal is planning to build a  »
Refrion opens factory in western Serbia
Refrion opened a new factory in Sabac, western Serbia. The Italian company manufactures re  »
Samsung SDI expanding plant in Hungary
Samsung SDI is expanding its battery plant in God, near Budapest. The company will invest  »
Joyson Safety Systems investing HUF 16bn in Hungarian plant
Joyson Safety Systems will invest HUF 16bn to expand its plant in Miskolc, northeastern Hu  »
How does Bucharest’s investment market compare to Prague’s? There’s little compari   »
How much are you lending on infrastructure projects in Slovakia? How does it compare to ot   »
Should we believe people in the market when they say they’re working on five to six deal   »
Going into 2016, most observers assumed Czech retail assets would be a major investment ta   »