Hungarian Investment Promotion Agency

With a history of more than a quarter of a century in Hungary, Arconic now has manufacturing and office units in Székesfehérvár and Nemesvámos, serving customers in the aerospace, automotive, commercial transportation and industrial markets. Through these highly advanced facilities and the dedication of the local workforce, Arconic's Hungarian presence has developed into a key contributor to five of the company's main global businesses and one of the 10 largest US investors in the manufacturing sector in Hungary.

Arconic was among the first companies to establish a BSC in Hungary, in 1996. The Global Shared Services Centre in Székesfehérvár now covers Financial and Administrative services globally, while the Central Support Services serves the local units.

As a strategic partner of the Hungarian government, Arconic currently employs approximately 2,200 people in Hungary and has built a strong cooperation with 6 universities, also taking part in the dual education system.

The most recent Hungarian investment of the US company aims to double the production volume of its European Arconic Wheel and Transportation Products activities, based in Székesfehérvár. The greenfield investment of EUR 110 million is fully on track to start production upon completion of the investment.

explained Róbert Ésik, CEO of HIPA.

Thus in 2019 the "Chain Bridge Budapest Award" goes to Arconic, the first award winner from the manufacturing area, for their outstanding journey in Hungary that still has huge potential to grow even further.