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Draspo-Tempo completes HUF 211 mln R&D investment

Draspo-Tempo, Hungarian vehicle parts manufacturer and dealer, has completed a HUF 211 mln research and development investment at its plant south of Budapest, the company announced.

The company won a HUF 71 mln grant for the project to develop and produce a steering mechanism for heavy vehicles.

Draspo-Tempo employs 95 workers at its plant located on the site of the former Csepel Automobile Factory in Szigetszentmiklós. The company had revenue of HUF 1.9bn last year, public records show.