Kirchhoff set to complete major expansion in Esztergom
German automotive industry supplier Kirchhoff is to complete a €12 million expansion at its plant in Esztergom (N Hungary), almost doubling the area of the plant and creating 60 new jobs primarily for engineers and technicians, business daily Világgazdaság said on Friday, quoting managing director Szabolcs Sólyom.
The plant, set up in 2004, makes pressed body components for the automotive industry.
Serial production could begin from mid-September, and the company will start supplying its products from next year to Peugeot Citroen, Mercedes, Volkswagen, Ford, General Motors and Skoda, the paper said.
Kirchhoff decided to expand its plant and its clientele after the output of Magyar Suzuki, formerly its sole customer, substantially declined due to the crisis.
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.