Maxon plant to supply NASA mission to Mars
pexels
Switzerlandʼs Maxon is building a HUF 4.2 billion expansion at its electric motor base in Veszprém, western Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó announced on Tuesday, as reported by state news agency MTI.
The government is awarding Maxon Motor Hungary a HUF 1 bln grant for the investment, which will create 102 jobs, Szijjártó said.
Maxon is building a 900 square-meter hall for precision molding and the development of production tools, he added.
The plant will supply parts to NASA for its next mission to Mars.
Maxon started production at the base in Veszprém in 2002, said Peter Grütter, the firmʼs managing director of production and technology. Today, it employs 380 people to turn out a million products a year, he added.
Maxon Motor Hungaryʼs main profile is the production and assembly of electrical motors and generators, and within this the production of direct-current electrical motors and parts, noted a report on regional news website delmagyar.hu.
Besides Hungary, the firm has sites in Switzerland, Germany, South Korea, the Netherlands and the U.S. The latest development may make its Hungarian operation the largest, noted Grütter.
Hungary Gasoline Prices 3% Over Regional Avg
Gov't Wants Sustainable Business Model for Magyar Posta
120,000 Guest Workers Employed in Hungary
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
