thyssenkrupp further strengthening its presence in Hungary with the Debrecen factory

The cornerstone of the new manufacturing hall has been laid

thyssenkrupp started its recent investment with the ground breaking ceremony in Debrecen, where the most modern springs and stabilizers will be manufactured for premium car brands. The Hungarian Government – in cooperation with the Hungarian Investment Promotion Agency (HIPA) – provided subsidy based on individual government decision to the EUR 35 million investment, creating 250 new jobs by 2020.

Levente Magyar, Minister of State for Economic Diplomacy

thyssenkrupp has been engaged in R&D activity in Hungary since 1999. Nowadays there are more than a million cars running around the world with the technology developed in its Budapest competence centre currently employing 500 persons, known and recognised at an international scale. The E/E (electrical and electronic) centre is especially important for the Hungarian economy, since high-tech development projects like this represent the most progressive technology within the vehicle industry.

The construction of the new plant has started in Debrecen, on the area of 100 000 square metres site. Starting from 2018, the company will manufacture around 6.5 million springs and stabilisers per year, mainly for European premium car factories. The amount of the investment is close to EUR 35 million, which will result in 250 new jobs created by thyssenkrupp until 2020.

Marc de Bastos Eckstein, General Manager of thyssenkrupp Presta Hungary

In addition to its Budapest competence centre, thyssenkrupp Presta Hungary has a running gear factory in Győr, and a greenfield project worth more than EUR 95 million is underway in Jászfényszaru. As a result, from 2018, the production of electromechanical steering systems and cylinder head-integrated camshafts will also be moved to Hungary by the German concern. On 25 November 2016, the company entered into a strategic cooperation agreement with the Hungarian government, and has now 1,000 Hungarian employees.