The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
100 jobs Number of planned job creations
Announcement Date
8 February 2022
Employment effect (start)
1 September 2022
Foreseen end date
Description
Sisecam, a Turkish-owned glass product manufacturer, expands its plant in Aszód, Central Hungary. The investments entails the construction of a new warehouse and the purchase of and new equipment and will be completed until the end of 2022 and 100 new jobs will be created.
The investment cost is roughly €8 million, about 22% of which is covered by government subsidy under the aegis of the competitiveness increasing subsidy scheme.
Sisecam group is one of the major global glass product manufacturers. The Hungarian subsidiary produces glass products for the automotive industry. In addition to the Aszód plant, Sisecam intends to establish another plant in Kaposvár, Southern Transdanubia, by 2023.
10 February 2022: Hungarian Investment Promotion Agency (hipa.hu)
Citation
Eurofound (2022), Sisecam Automotive Hungary, Business expansion in Hungary, factsheet number 106317, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106317.
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