German-owned transmission maker ZF Hungária expects to close 2011 with revenue of €210 million, up 35% from 2010, chairman-CEO Ulrich Diller said on Thursday.
ZF Hungária will boost output at its base in Eger (NE Hungary) by 25% this year compared to 2008, the year before the crisis, Diller said. The unit recently made 180 new hires to bring headcount to 830, he added.
ZF Hungária's plans for this year could be affected by the crisis in Japan, Diller said, noting that two of its suppliers in the country had shut down production for four weeks.
ZF Hungária gets about half of the parts it needs to build transmissions from Hungarian suppliers.
ZF bought Csepel Auto's transmission factory in Eger in 1995.