Debrecen is the 7th Hungarian plant of Continental in Hungary - VIDEO REPORT

Debrecen is the 7th Hungarian plant of Continental in Hungary - VIDEO REPORT

Debrecen is the 7th Hungarian plant of Continental is Hungary

Three announcements for three divisions in Hungary in just one month: busy weeks behind the Continental group. Following ContiTech and ADAS, Powertrain business unit is expanding, too. The brand new EUR 100 million plant in Debrecen will manufacture sensors and transmission control units. The investment creates 450 new jobs and brings significant know-how to Hungary, but also represents the long-term engagement of the German company in the Hungarian operation.

The Hannover-based tyre manufacturing company Continental AG, with a history of more than 100 years, has become one of the world's five leading TIER-1 suppliers by now. The importance of the Group in the automotive industry is clearly demonstrated by the fact that it played a key role in the development of the technology of hybrid-powered systems in 1997. Listed on the Frankfurt Stock Exchange, Continental realised more than EUR 40 billion in sales in 2016, employing more than 233,000 employees in 56 countries.

Continental started to establish its concerns in Hungary in 1991. Currently, they have 5 divisions, 6 companies and 7 operating sites in Hungary. The German top supplier is engaged in manufacturing activities in Makó, Nyíregyháza, Szeged and Veszprém, where they already have an R&D centre since 2003. Employing about 8,000 employees, the company constantly develops its units in Hungary with high-tech manufacturing and R&D: the Deep Machine Learning Competence Center in Budapest announced last month is a perfect example of this progress.

With this project, Debrecen is the seventh Hungarian city to join the Continental group, after a long and hard regional competition to win this project. The investment – based on the growing demand for automotive electronics – starts in Q3 2018, production is planned to be launched from Q3 2020. Products of Continental's Transmission and Sensors & Actuators business units are the first to be manufactured on a production site of 7,000 square meters and assigned to EU markets.

With this strategic decision of a new manufacturing plant in Debrecen, Continental is continuing to expand its European presence in order to better satisfy the customers´ growing demand for automotive electronics

- explained José Avila, Member of the Executive Board of Continental and Head of the Powertrain division.

Relying on Hungarian expertise, productivity and creativity, the strategic geographical location and favourable manufacturing costs, the automotive companies in Hungary are continuously expanding their footprints and developing their products, thus making long-term commitments in the country. Continental's new facility will further improve the competitiveness of Hungary and strengthen its position as the regional hub within the automotive industry

- added Róbert Ésik, President of HIPA.