German Defense Giant Expands its Footprint to Four Sites in Hungary
HIPA

German Defense Giant Expands its Footprint to Four Sites in Hungary

2024. 03. 26.

The foundation stone has been laid for Rheinmetall's new factory in Szeged, which will be built with an investment of EUR 63 million. This will be the fourth Hungarian site of the German defense company and its first hybrid site where civil and defense products will be manufactured in one location. The project will create 300 new high added value jobs.

The Szeged site, which is part of Rheinmetall's Power Systems division, is being built by a consortium of Rheinmetall's domestic subsidiaries (Rheinmetall Advanced Technology Solutions Kft., Rheinmetall Polycharge Hungary Kft., and Rheinmetall Real Estate SPS Kft.). The fourth site in Hungary is unique as production capacity is shared between the civil business units and defense technology.

The EUR 63 million investment aims primarily at manufacturing products for the automotive business unit, including electrical components and products for the use of hydrogen in mobility and energy generation. The plant will not produce explosives, munitions or weapons.

The 15,000 square meter production hall will start trial operation in 2025 and will employ 300 highly skilled workers.

Photo courtesy: MTI/Bruzák Noémi

Sector articles

N
New Investment Puts Nyírség on the Map of the Beauty Industry

Unilever's Nyírbátor operation is set to be expanded by a beauty care unit, which will produce 150 million bottles of deodorants a year from globally recognized brands.

2024. 10. 10.

HIPA #HIPA #Unilever #EUR 75 million #Nyírbátor #beauty care
N
Hungary’s Largest Automotive Painting Plant is Under Construction

With a current investment of EUR 22 million, the Tatabánya site of Aalberts Surface Technologies, which specialises in metal surface treatment technology, will expand into a centre that meets the needs of the region's car manufacturers as well as its domestic pa...

2024. 09. 12.

HIPA #HIPA #Aalberts #EUR 22 million #Tatabánya #Capacity expansion #Metal industry
N
HIPA Recognized as Best IPA in the Region at AIM Investment Awards

Leading investment platform AIM Congress gathered renowned FDI stakeholders from all over the globe in Abu Dhabi yet again where HIPA was presented the AIM Investment Award for the Central, Eastern Europe & Turkey Region.

2024. 05. 27.

HIPA #HIPA #AIM #HIPA #Awards #EUR 720 million #Competitiveness