Borg Warner to develop Oroszlány plant in Hungary
Machinery maker Borg Wagner is to kick off a Ft 1 billion development project at its turbocharger factory in Oroszlány (N Hungary).
The investment is to add another 5,000 square meters to the current production area, providing for the manufacture of 2 million turbocharger engine components annually. To date, Borg Wagner has spent €20 million ($29.6 million) on developing the premises due to the constantly increasing number of orders over the years. Consequently the initial headcount of 35 has risen to 530 since 2001. BorgWarner Turbo Systems is a division of the globally active automotive supplier BorgWarner, Inc. (NG)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.