Bosch Announces New Investment at Miskolc Site

Manufacturing

Bosch, a leading global supplier of technologies and services, is further strengthening its Miskolc site, which is part of its power tools division. Its subsidiary Robert Bosch Power Tool Kft. will complete two investments worth a total of almost HUF 70 bln by the end of 2024.

The company will invest more than HUF 54 bln to create a logistics and distribution center in Miskolc to meet the ever-increasing storage and distribution needs, and more than HUF 15.7 bln to expand its production capacity.

The Hungarian government will provide a total of around HUF 10.2 bln post-financing non-refundable cash subsidies for the two investments on the basis of an individual government decision (EKD). The announcement of the investments was attended by Péter Szijjártó, Minister of Foreign Affairs and Trade, István Szászi, representative of the Bosch Group in Hungary, and László Fükő, managing director of Robert Bosch Power Tool Kft.

“We owe our outstanding achievements to our internationally advanced technological infrastructure, expertise, and commitment. This investment underlines the importance of the Miskolc plant for Bosch,” emphasized Fükő.

Investment Serving Key Logistics Functions

Bosch says that the aim of the large-scale investment is to create a highly automated warehouse structure in the Miskolc industrial park. The complex, which will cover almost 100,000 sqm, will serve several key logistics functions.

The new structure will become one of the leading finished product distribution warehouses within the company's power tools division in the Eastern European region. The current regional service center performing packaging activities amongst others, which was opened in 2017 and is within the same industrial area as the Miskolc site, will be relocated there as well, and the site will also serve as a finished product and raw material warehouse.

The newly announced investment to increase capacity at Bosch's Miskolc site will drive the development and production of new batteries, cordless power, and garden tools, boosting innovation, the company says.

ADVERTISEMENT

E-scooters More Popular Than Bikes at eMag Analysis

E-scooters More Popular Than Bikes at eMag

Parliament Negates Mandatory Membership in MOK Parliament

Parliament Negates Mandatory Membership in MOK

Int'l Investors Interested in Hungary's Real Estate Trends Office Market

Int'l Investors Interested in Hungary's Real Estate Trends

Service Restarted on Full Length of Metro Line M3 City

Service Restarted on Full Length of Metro Line M3

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.