ZF Lenksysteme to build new plant in NE Hungary

Recycling

German vehicle steering-system manufacturer ZF Lenksysteme will begin construction of a new plant in the village of Maklár, the German Press Agency dpa reported on Monday. Construction of the 23,000-square-meter plant would begin this summer, and the first phase of the investment would be completed next year, dpa said. ZF Lenksysteme CEO Peter Ottenbruch said that the plant is being built to increase the company's production capacity in Hungary, as there is no space to expand in the nearby city of Eger, where ZF Lenksysteme's Hungarian unit, ZF Lenksysteme Hungária, operates two factories.

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