Inter Traction Electrics

Type
Business expansion
Country
Hungary
Region
Alföld és Észak; Észak-Alföld; Hajdú-Bihar
Location of affected unit(s)
Debrecen
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.10 - Manufacture of motor vehicles
1,100 jobs
Number of planned job creations
Job creation
Announcement Date
14 December 2017
Employment effect (start)
14 December 2017
Foreseen end date

Description

Hungarian-owned Inter Traction Electrics Kft. opened its new education, research and development centre in Debrecen, Hajdú-Bihar county which will create 250-300 new jobs.

The inauguration was held in conjunction with the unveiling of the 'Reform 500' bus model, developed by the company in cooperation with Daimler-owned EvoBus.

The new Debrecen facility is part of a EUR 70 million (HUF 21.65 billion) investment, and the soon-to-be constructed 150,000 square metres production plant, projected to manufacture 1,000 buses annually, will employ a further 800 people.

Sources

  • 14 December 2017: Hirado.hu
  • 15 December 2017: hvg.hu

Citation

Eurofound (2017), Inter Traction Electrics, Business expansion in Hungary, factsheet number 92923, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92923.