The 13,000 square-meter plant, an addition to Danaʼs local unit of three plants present here since 2005, is expected to start production in January 2019, with an expected annual output of more than 45,000 automotive gear units, Hungarian news agency MTI reported.
The current staff of 600 is expected to be expanded by 200 as the result of the new investment.
Dana Hungary supplies Land Rover, Volkswagen, Jaguar, John Deere, Ford, General Motors and Manitou, MTI reported, adding that public records show the Hungarian unitʼs net revenues reached EUR 225 million in 2015.
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