Hankook Tyre Magyarország

Type
Business expansion
Country
Hungary
Region
Dunántúl; Közép-Dunántúl; Fejér
Location of affected unit(s)
Rácalmás
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.1 - Manufacture of rubber products
22.11 - Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes
950 jobs
Number of planned job creations
Job creation
Announcement Date
6 June 2014
Employment effect (start)
7 June 2014
Foreseen end date

Description

Hankook Tire, an international tyre company will inaugurate a new plant in the summer of 2014, creating 950 new jobs in Hungary, in Rácalmás. The €305,5 million investement is supported by a €24.1 million state grant and tax allowances of around €33.82 million and is authorised by the European Commission as a regional investment plan.

Sources

Citation

Eurofound (2014), Hankook Tyre Magyarország, Business expansion in Hungary, factsheet number 77177, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77177.