Hirtenberger completes HUF 1.4 bln investment

Telco

Austrian-owned Hirtenberger Automotive Safety Hungary has completed a HUF 1.4 bln expansion at its base in Pápa, northwestern Hungary, creating 50 new jobs, CEO Gábor Király told Hungarian news agency MTI.

The company won a HUF 346 mln European Union grant for the project which included the addition of three new production lines.

Last year, the company employed about 600 people and had revenue of HUF 11.5 bln.

Hirtenberger Automotive Safety Hungary makes safety systems for pedestrians and vehicle occupants.

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