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
313 jobs Number of planned job creations
Announcement Date
15 December 2023
Employment effect (start)
15 September 2024
Foreseen end date
Description
Germany-based technology company ZF will establish two new production facilities in Hungary. The two sites will together create 313 new jobs.
The new plants will be located in Kecskemét, Southern Great Plain region, and Debrecen, Northern Great Plain region. They will supply front and rear axles for electric vehicles manufactured by BMW (in Debrecen) and Mercedes-Benz (in Kecskemét). The production sites are scheduled to be ready for operation by the end of 2024 and start producing in 2025.
The investment cost is €62.5 million. The Hungarian provides a subsidy of €6.25 million.
ZF has already a plant in Hungary which produces transmission gears
Sources
15 December 2023: Hungarian Investment Promotion Agency (hipa.hu)
Eurofound (2023), ZF Hungária, Business expansion in Hungary, factsheet number 200659, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200659.
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