Halms Building EUR 40 mln EV Parts Plant in Debrecen
Halms Hungary Kft. managing director Matthew Shen speaks at a press conference at the Ministry of Foreign Affairs and Trade on Sep. 6, 2022, announcing the Chinese-owned company is investing more than EUR 40 million to set up an electric car parts manufacturing plant in Debrecen, with the Hungarian government providing around HUF 1.5 billion in funding, creating 300 new jobs.
Photo by Noémi Bruzák / MTI
Chinese-owned Halms Hungary will build a more than EUR 40 million electric vehicle parts plant in Debrecen (225 km east of Budapest), Hungary's second-largest city, Deputy Minister Levente Magyar of the Ministry of Foreign Affairs and Trade said yesterday, according to autopro.hu.
The government will provide about HUF 1.5 bln in support for the investment, which will create 300 jobs, Magyar said. Halms Hungary's owner, one of the world's leading manufacturers of EV parts, decided on Hungary as the site for its first plant outside of China "after long deliberation," he added.
Halms Hungary managing director Matthew Shen said its owner Huashuo offers integrated solutions to makers of cars and EVs, mostly cast in aluminum. Huashuo picked Debrecen for the plant to maintain closer ties with its European business partners, he added.
Automated production lines will operate at the plant, Shen said. Debrecen Deputy Mayor Lajos Barcsa said Huashuo's investment would make it the third Chinese firm in the industrial park on the city's southern edge.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
