P+P completes HUF 3 bln expansion
German-owned automotive industry supplier Poppe+Potthoff (P+P) Hungária has completed a HUF 3 bln expansion at its plant in Ajka in northwestern Hungary, managing director László Gellen told Hungarian news agency MTI yesterday.
P+P won a HUF 622 mln European Union grant for the project, which increased capacity at its plant, introduced new technology and was used to purchase production equipment. The investment also created ten new jobs in bringing headcount to 420, according to Gellen. P+P supplies parts to Daimler, BMW, Renault, Caterpillar, Delphi and Cummins.
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