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Robert Bosch completes HUF 2.9 bln capacity expansion

Telco

German-owned automotive industry supplier Robert Bosch Elektronika today completed a capacity expansion project at its plant in Hatvan, eastern Hungary, for HUF 2.9 bln, Hungarian news agency MTI reported.

The investment, which was supported with a HUF 870 mln European Union grant, is expected to raise headcount at the firm’s plant by approximately 50.

The Bosch group has given a clear sign that it is taking a long-term interest in Hungary, state secretary Balázs Rákossy said at the inauguration event in Hatvan, MTI reported.

Bosch has nine bases in Hungary, employing more than 11,000 employees, MTI said. The Hungarian units of Bosch had combined revenue of HUF 825 bln in 2014, up 15% from a year earlier, including sales between the groupʼs partly- and wholly-owned units. Sales on the Hungarian market grew 14% to HUF 183 bln in 2014, MTI added.

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