Car manufacturing in trouble in Hungary? 1 new plant and a new production hall inaugurated just today
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Robert Bosch Automotive Steering Ltd inaugurated a HUF 46bn plant in Maklár (NE Hungary) on Friday. Furthermore, SK-Precíziós Szerszámgyártó inaugurates HUF 2.1bn production hall.
The investment was supported by HUF 10.5bn from the state, Minister of Foreign Affairs and Trade Péter Szijjártó said at the ceremony. He added that Hungary’s GDP growth was set to accelerate noticeably in 2025, in part because of automotive industry investments.
In two years, after manufacturing investments by Mercedes, BMW and BYD are completed, he said Hungary would be among five European countries that turn out an annual 1 million cars. Szijjártó noted that German-owned companies employed about 300,000 people in Hungary.
Robert Bosch Automotive Steering Kft managing director Michael Zink said the 37,000sqm multifunctional building would serve logistics purposes and house production of limited series products. The Bosch group in Hungary had net revenue of HUF 2,207bn in the 2023 business year.
