Hungarian Investment Promotion Agency

Based in the UK, GKN has interests in 20 countries around the world, with a total of 51 manufacturing bases and 6 technology centres. The company is a leading supplier of automotive powertrains, with 90% of the world's car manufacturers using its products.

The company has set up a new production unit in Felsőzsolca, with an investment of EUR 142.7 million, to serve BMW, Mercedes-Benz, Suzuki and Volkswagen plants in the region.

The main profile of the site in Felsőzsolca is the production of half-shafts, a key component in the company's product portfolio, for both internal combustion engines and electric drive systems. In 2023, 230,000 half-shafts will be produced, while the final capacity planned for 2025 will allow the production of 3 million units.

In the first phase of the investment, a 29,000 square metre complex of buildings has been constructed, including a production and logistics hall, an engineering centre and an office building, and an additional building unit is under construction. This will cover a total area of 60,000 square metres, creating 200 jobs this year and 1,500 by the end of 2026.