Zalaegerszeg Renames Street 'Rheinmetall út'


Image by Mizantroop /

A street at the Zalaegerszeg plant of Rheinmetall Hungary Zrt., a joint venture co-owned by Rheinmetall and the Hungarian state, was officially renamed “Rheinmetall út” at a ceremony on May 23, according to a press release sent to the Budapest Business Journal.

Present at the event were representatives from the group as well as Zoltán Balaicz, the city’s mayor, and other guests of honor.

Imke Nora Kellner, CEO of Rheinmetall Hungary Zrt., emphasized how “...our investment here is powering economic growth in the region and creating good jobs for skilled workers at our Hungarian suppliers. In the future, we’ll be developing, producing, and maintaining cutting-edge armored vehicles, contributing to security and freedom in Europe.”

A modern development, production, and testing center is currently going up at the site, with around 350 new jobs and potential for growth in surface area and technology. The focus is on developing and manufacturing state-of-the-art tracked and wheeled armored vehicles for the Hungarian armed forces, particularly the new Lynx infantry fighting vehicle.

Low-rate initial production began in January of this year. High safety standards protect the plant’s neighbors from noise and hazards, with even the smallest amounts of mostly practice ammunition for function testing kept in secure underground storage facilities, and ballistic testing confined to an underground shooting tunnel. There will be no above-ground ballistic tests or test detonations, nor will test drives take place on public roads in Zalaegerszeg.

The Düsseldorf-based technology enterprise’s numerous local initiatives not only reflect its commitment to the community but also its strategic goal of achieving Groupwide CO2 neutrality by 2035.

As Andreas Baumeier, chief operations officer of Rheinmetall Hungary Zrt., explains, “We take our technological and social responsibilities very seriously, which is why we invest in innovative products and technologies, but also in sustainable operations and in reducing C02 emissions through the use of renewable energy sources.”

Now underway, the first expansion of the plant, includes the installation of solar panels, and trees have already been planted along Rheinmetall út, with more to follow around the grounds. In the future, most company cars will be either electric or hybrid, while vehicles confined to the plant (such as forklifts, logistics, security, and pool vehicles) already operate in an environmentally friendly, sustainable manner.

At the end of the ceremony, Michael Stolze, CFO of Rheinmetall Hungary Zrt., noted that “The street name Rheinmetall út isn’t just an honor for us. It also underscores the cooperative and long-term nature of our working relationship, now and in the future. We would thus like to take this opportunity to express our sincere thanks to the local authorities and their representatives for supporting our endeavor!”

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan Debt

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

EC Puts Hungary 2024 GDP Growth at 2.4% EU

EC Puts Hungary 2024 GDP Growth at 2.4%

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Marcelito Pomoy to Perform in Budapest Next Week Music

Marcelito Pomoy to Perform in Budapest Next Week


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.