Swiss aircraft parts maker to invest in Eger

Pharma

Swiss-owned RUAG Aerostructures will invest HUF 2 billion in Eger, northeast Hungary, to create an aircraft parts manufacturing plant, Minister of Foreign Affairs and Trade Péter Szijjártó said on Wednesday in Budapest, according to state news wire MTI.

The Hungarian government is supporting the investment with a HUF 382 million non-returnable grant, Szijjártó said. The company will manufacture fuselage parts for Airbus 320 and Bombardier aircraft, in an investment expected to create 180 jobs.

Szijjártó added that the Swiss groupʼs choice of Eger as the destination for its new R&D-driven investment is recognition of the favorable Hungarian investment environment, domestic training system, and expertise and capabilities of the local workforce.

According to its website, RUAG Aerostructures is a globally active tier 1 supplier developing and manufacturing complete aircraft tail sections, wing and flight control components, structural elements, modules and systems for civilian and military customers and original equipment manufacturers (OEMs).

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.

Support the BBJ

Industry