Thyco starts building car parts plant in Nyíregyháza
Monday, July 10, 2006, 16:53
Belgian auto parts maker Thyco has started building a plant in the Nyíregyháza Industrial Park, in northeast Hungary, Thyco managing director Christian H. Holtappels announced on Monday.
Thyco will initially invest Ft 140 million and continue to add on to the plant in the 3-4 years following its completion, also moving Thyco's quality control center to the site from Belgium, Holtappels said. Production at the plant, which will employ 50-100 people, will start by the end of 2006.
Thyco purchased a 6,000 square meter plot in the park from the local council and obtained preemption rights for a further 4,000 square meters. The company already has supplier agreements, signed three years earlier, with six companies based near Nyíregyháza. These companies employ a combined 50 workers who make parts to order for the Belgian firm. The new plant will not end these relationships; rather it should strengthen them, Holtappels said.
Thirteen companies have invested a combined Ft 80 billion at the Nyíregyháza Industrial Park. Together they employ 4,000 people.