ADVERTISEMENT

Rheinmetall inaugurates Lynx IFV factory in Zalaegerszeg

Manufacturing

Viktor Orbán at the handover of the Rheinmetall factory in Zalazone industrial park, Zalaegerszeg, on March 26, 2022.

Photo by Zoltán Fischer / MTI / Prime Minister's Press Office

German defense industry company Rheinmetall and the state of Hungary on Saturday inaugurated a factory building where production of Lynx infantry fighting vehicles will soon start in Zalaegerszeg (215 km southwest of Budapest), according to novekedes.hu. 

Rheinmetall chairman Armin Papperger said the factory's production line would start in three months. He added that Rheinmetall is moving forward with other projects in Hungary, too, such as a munitions plant. 

Prime Minister Viktor Orbán said armies are built "preparing for the worst, but in reality paving the way for a better future, too." He added that a lesson was to be learned from Bismarck, who said the stronger we are, the smaller the chance of war. 

Orbán conceded that political relations with Germany are "complicated," but said economic ties are "outstanding." The HUF 60 billion factory in Zalaegerszeg was built by a joint venture established by Rheinmetall and the state of Hungary.

MNB International Reserves Climb EUR 523 mln in April MNB

MNB International Reserves Climb EUR 523 mln in April

EC Reconsiders Some CAP Provisions EU

EC Reconsiders Some CAP Provisions

Hungarian Webshop Turnover Climbs 8.5% in 2023 Retail

Hungarian Webshop Turnover Climbs 8.5% in 2023

Aldi Opening Biggest Store in Budapest Food

Aldi Opening Biggest Store in Budapest

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.