BorgWarner launches HUF 9 bln expansion in Hungary
US automotive industry supplier BorgWarner laid the cornerstone of a HUF 9 bln turbocharger plant at its base in Oroszlány (located in northwestern Hungary) today.
The company won an HUF 850 mln government grant for the investment.
Minister of Foreign Affairs and Trade Peter Szijjártó said BorgWarner had pledged to create 400 jobs at the two plants.
The investment includes 15,000 sqm of production area and 10,000 sqm of warehouse and service space. The new plant will start production next summer. Headcount is expected to rise to 207 a year later, but the potential exists for as many as 500-600 to work at the plant.
BorgWarner's unit generated revenue of HUF 104 bln last year. It turns out 2 mln turbochargers a year.
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