ElringKlinger announces EUR 21 mln investment in Kecskemét

Recycling

Germany-based automotive supplier ElringKlinger has announced to start building a plant in Kecskemét through an investment of EUR 21 million, CFO Thomas Jessulat said in Budapest, according to reports. Kecskemét is home to German giant Daimler’s local operations.

The 10,000 sqm plant will make thermal shielding systems, and is expected to employ a staff of 700 once scheduled production has started in 2017.

Beyond the company’s long-established presence in Kecskemét, good infrastructure and excellent education nearby, as well as the cityʼs importance to the international automotive industry, played an important role when the firm decided on the location of the plant, the CFO said.

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

New financial director at Heineken Hungária Appointments

New financial director at Heineken Hungária

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.