Knorr-Bremse, a manufacturer of brake systems, strengthens in Budapest

Knorr-Bremse, a manufacturer of brake systems, strengthens in Budapest

The 8,000-square-metre new Railway Service Centre of the world leading manufacturer of brake systems for railway and road vehicles, Knorr-Bremse Rail Vehicle Systems Hungária Kft., has been inaugurated in Budapest. As a result of the investment, which includes on-site infrastructure and building development, as well as technology development, the range of the company's service competencies has also expanded. Thanks to the HUF 2.5 billion investment, 55 new jobs will be created.

Knorr-Bremse has a tradition of more than 110 years and today is present in 30 countries with more than 100 sites, providing employment for 27,000 people. The group achieved a sales revenue exceeding EUR 6 billion in 2020 and it is at the forefront of the development and production of state-of-the-art brake systems. This makes a major contribution to the safety of rail and road traffic.

The 8,000-square-metre new Railway Service Centre, which creates 55 new jobs and was fully financed from own resources with a total cost of 2.5 billion, is planned to serve more than 100 partners in many countries in Europe and certain parts of Asia through its partner factories.

Thanks to the investment, which includes on-site infrastructure and building development, as well as technology development, the company's service competencies have also expanded. Thus, Knorr-Bremse can implement high-quality, complex renovation projects in the future with competitive lead times.

The two Hungarian units of Knorr-Bremse use the most advanced technology. Budapest is the centre of the design and manufacture of railway brake systems, while the Kecskemét plant manufactures brake systems for commercial vehicles.