RUAG expands with new division in Hungary
RUAG Aerostructures, a major player in the aerospace industry, opened its new factory in Eger. It will be the Switzerland-based aircraft section producers third plant to complement the ones in Germany and Switzerland. The investment worth of EUR 6.15 million will create 180 jobs until the end of 2017.
RUAG Aerostructures, a global tier-1 supplier with a service portfolio for the design and production of aircraft fuselage sections, wing components, movables, modules and systems, with a total of 1100 employees at three sites in Emmen (Switzerland), Oberpfaffenhofen (Germany) and Eger (Hungary), has a broad product portfolio for civil and military customers and OEMs.
The new factory is going to produce sub-assemblies products for Airbus and Bombardier supplying the German site of the company in Oberpfaffenhofen. As a result of the investment, RUAG creates 180 new jobs in total by the end of the year. The Hungarian Government – with the contribution of the Hungarian Investment Promotion Agency (HIPA) – provided subsidy based on individual government decision for the investment, while HIPA provided professional management consultancy services to the company through the whole decision making process.
Establishing the new site in Hungary is the result of an important strategic decision: in order to keep our position as top supplier in the aerospace industry, we need to expand internationally. The Swiss, German and Hungarian units add up to a good cost balance, and this makes the company competitive and preferred among new partners - said Dr. Alexander Toussaint, CEO of RUAG Aerostructures.