Daimler to invest €250 mln at Hungarian plant
German carmaker Daimler will invest €250 mln on technological developments and capacity expansion at its plant in Kecskemet, according to a press release issued by Mercedes-Benz Manufacturing Hungary today.
Production line at Kecskemét Mercedes-Benz plant.
The investment is to be carried out in the next three years, to be completed in 2018. The new chassis production hall will produce next-generation compact car bodies with the help of state-of-the-art technology and will bring the firm’s total investment at the Kecskemét plant to over €1.3 billion, the press release noted.
“The investment is a clear sign of the firm’s commitment to Kecskemét and it will ensure the necessary conditions for the successful production of our next-generation compact cars. This decision supports Mercedes-Benz’s long-term plans in Hungary,” said Christian Wolff, the director of Meredes-Benz Manufacturing Hungary Kft.
The Kecskemét plant was inaugurated in the spring of 2012 and launched operations through the manufacturing of compact B-class models, adding the CLA coupe to its product line in 2013 and the CLA Shooting Brake in 2015, Hungarian news agency MTI reported.
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.