Chinese construction and agricultural machine maker Zoomlion expands Tatabánya plant

Chinese construction and agricultural machine maker Zoomlion is investing EUR 100m in Tatabánya (W Hungary) to establish a mobile elevated work platform (MEWP) manufacturing plant, Ministry of Foreign Affairs and Trade State Secretary Levente Magyar announced on Friday.

Magyar said the investment project would be one of the biggest of the year. He noted that the company already has bases in Germany and Italy and the Hungarian government is committed to support the company’s further expansion efforts in the country.

Zoomlion investment in Hungary — Photo: FB/Zoomlion

Magyar noted that Chinese investments to Hungary have reached HUF 5,500bn between 2014 and 2024, accounting for 44pc of all of China’s investments in Europe. Zoomlion president Chunxin Zhan said the investment would create 800 jobs and they are looking to forge strong bonds with local suppliers. Production could start this year, he added.

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