Bosch Hungary completes HUF 36 bln investment

Pharma

The Hungarian unit of German engineering giant Bosch yesterday completed a HUF 36 billion capacity expansion at its steering systems manufacturing base in Maklár, northeastern Hungary, according to a press release issued late yesterday.

The project, which has created 130 jobs, was supported with a HUF 2.7 bln European Union and Hungarian state grant, Bosch Hungary CEO Javier Gonzalez Pareja, who was recognized as the most important foreign CEO in Hungary last year, said. 

Robert Bosch Automotive Steering currently has a headcount of 960, Hungarian news agency MTI reported.

The unit was earlier called ZF Lenksysteme Hungária but was renamed after Bosch bought out its partner ZF Friedrichshafenin in the 50-50 joint venture, MTI added.

ADVERTISEMENT

40% of CEE businesses fear bankruptcies without bailouts Analysis

40% of CEE businesses fear bankruptcies without bailouts

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.