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 29.3 - Manufacture of parts and accessories for motor vehicles
700 jobs Number of planned job creations
Announcement Date
17 March 2017
Employment effect (start)
31 December 2017
Foreseen end date
Description
The German automotive supplier ElringKlinger is building a plant in Kecskemét (home of Mercedes Benz's Hungarian car manufacturing factory), by means of a EUR 21 million (HUF 6,5 bn) investment. The new 10,000 square metre plant will produce thermal shielding panels for cars and production will start by the end of 2017. ElringKlinger is creating 700 jobs at the new factory. The German company has been present in Kecskemét for 25 years.
Sources
17 March 2017: Portfolio.hu
17 March 2017: origo.hu
Citation
Eurofound (2017), ElringKlinger, Business expansion in Hungary, factsheet number 90590, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90590.
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