Hungarian Investment Promotion Agency

A strategic cooperation agreement has been concluded by the Hungarian government and Autoliv Kft., the Hungarian subsidiary of the largest passive safety product manufacturing group in the world. The agreement was signed by Minister of Foreign Affairs and Trad...

2022. 01. 20.

Chervon Auto establishes its first plant outside China in Hungary. The value of the greenfield investment aimed at serving European partners more efficiently is almost EUR 51 million. In the first phase, the construction of a 26,000 square metre hall begins at a...

2021. 11. 18.

Following a strategic investment SEG Automotive's new factory was opened in Szirmabesenyő. The 25,000-square-metre production hall together with the adjacent logistics hall totals 50,000 square metres. In addition to the relocated production lines, 2 new ones ha...

2021. 11. 18.

Mercedes-Benz Manufacturing Hungary launches the series production of its new fully electric SUV model, the "EQB". The company completed the investment in a remarkably short period of time from decision-making – in less than 1 year. EQB is the very first fully e...

2021. 10. 22.

Thyssenkrupp has moved into a new automotive R&D Competence Centre in Budapest. The new office building, which was created from EUR 6.2 million, comprising 13,200 square metres of office space and a 2,500-square-metre laboratory complex, provides space for...

2021. 09. 30.

Schaeffler Savaria's second plant was handed over in Szombathely. The investment is a new facility realizing the development and production of powertrains for electric vehicles, built on a 30-hectare area 3 km from the old factory with a greenfield investment. A...

2021. 09. 17.

Hanon Systems, one of the world's largest automotive air conditioning suppliers, has set up a new plant in Pécs as part of a greenfield investment. The new manufacturing facility increases production capacity for fluid transport products. The volume of the devel...

2021. 09. 15.

Two months after the inauguration of the automotive electronics manufacturing plant in Debrecen, Vitesco Technologies, which was formed by the transformation of the Powertrain division of Continental, decided on yet another large-volume greenfield investment. Wi...

2021. 08. 24.

The Britain-based Leyland Hose & Silicone Services (LHSS) has established its first European manufacturing unit in Hungary. As an automotive supplier, the company has been engaged in the manufacturing and sales of silicone hoses for more than 30 years.

2021. 07. 29.