ThyssenKrupp makes Budapest R&D base a global center

Recycling

Germany’s ThyssenKrupp has accredited its research and development base in Budapest as a global center, Minister of Foreign Affairs and Trade Péter Szijjártó told Hungarian news agency MTI yesterday, after meeting with management at the company’s headquarters in Essen.

In addition to its R&D base, ThyssenKrupp makes axles for Audi at a plant in Győr and it is building a HUF 30 billion steering components factory in Jászfényszaru, which is expected to start operating in 2018. 

Szijjártó also met with the management of Deutsche Telekom in Düsseldorf. The telco’s Hungarian subsidiary Magyar Telekom is setting up service centers in a number of smaller Hungarian cities that will employ 360 people.

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