ZF Hungária

Type
Business expansion
Country
Hungary
Region
Alföld és Észak;
Location of affected unit(s)
Kecskemét, Debrecen
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.32 - Manufacture of other parts and accessories for motor vehicles
313 jobs
Number of planned job creations
Job creation
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

Citation

Eurofound (2023), ZF Hungária, Business expansion in Hungary, factsheet number 200659, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200659.