Hungarian Investment Promotion Agency

thyssenkrupp is a top component producer, whose partners cover almost all large car manufacturers. Nine out of ten premium category cars contain the company's products. thyssenkrupp gear components are present in every third truck, and the company is leader in automotive digitalization and development. The company group, which employs more than 160,000 people worldwide, recorded a revenue of over EUR 42 billion last year.

thyssenkrupp has been present in Hungary since 1999, and has been conducting R&D activities from the first moment. Today over a million cars can use its technology on the roads, which was developed in its internationally known and acknowledged competence centre in Budapest, now employing 600 people. The E/E (electrical and electronic) centre is crucial for the Hungarian economy, since such high tech developments represent the most innovative technology within the automotive industry.

thyssenkrupp Components Technology Hungary is the most active investor in industry and technology in Hungary, having made investments, at an amount of almost HUF 50 billion, in four locations in the past three years. Besides its development centre in Budapest, the company has a running gear plant in Győr, and in 2018 it started the production of electromechanical steering systems and cylinder head-integrated camshafts in Jászfényszaru. Spring and stabilizer manufacturing was launched in Debrecen in 2018, too. On 25 November 2016 a strategic cooperation agreement was concluded between the Hungarian Government and thyssenkrupp, which currently gives work to some 2,000 people in the country.

The company's new generation camshafts and e-motor components from Pécs and Jászfényszaru will largely contribute to the objective to successfully meet the ever more rigid CO₂ emission standards for combustion engine cars in the European Union. With the new systems, environmental standards will be attainable even after 2025, despite stricter regulations.