ADVERTISEMENT

ThyssenKrupp inaugurates HUF 1.2 bln plant in Győr

Recycling

Germany's ThyssenKrupp on Friday inaugurated a HUF 1.2 billion plant in Győr, near carmaker Audi's plant. Employing just-in-sequence production, the plant will supply Audi's car factory in just 176 minutes from the time an order is placed, said CEO of ThyssenKrupp Automotive Systems Thomas Müller. The plant is expected to generate annual revenue of €120 million. Plant director Péter Horváth said 53 people would start work in production on an area of 4,100 sqm of leased space. The plant will have fewer than ten managers and office staff. The plant will turn out 450 forward and rear axles a day. The axles will go into Audi's new A3 saloon at the start, then into A3 cabriolets from Q4. Next year, the axles will be installed in TT models. ThyssenKrupp's Hungarian unit had revenue of HUF 5.6 billion in its business year closed September 30, public records show. Audi inaugurated its A3 plant in Győr a little more than a week ago. The plant will make about 125,000 of the models a year.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens 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.