As a result of the acquisition, the company expects to further strengthen its automotive supplier position in the region by expanding its portfolio of manufactured products.
The new company will operate under the name Materials Processing Hungary Kft., with an annual capacity of approximately 200,000 tons.
“The Hungarian automotive supplier sector is facing serious growth, and our sales network and product and services portfolio is perfectly suited to meet demands raised by this growth,” Zoltán Petró, CEO of thyssenkrupp, said.
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