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Thyssenkrupp expands footprint in Hungary with new EV motor parts plant

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Thyssenkrupp plans to build a new production plant in Pécs, Hungary that will make electric motor components and valve train parts for efficient IC engines. Construction is scheduled to begin in September, and the start of production is planned for the end of 2020. The company plans to invest around 50 million euros in the plant, which it expects to create around 200 new jobs in the coming years.

Over the past three years, Thyssenkrupp has invested around 150 million euros in setting up and expanding new components plants in Hungary. In addition to a software development center in Budapest, the company operates production sites for steering systems, powertrain components, springs and stabilizers in Jászfényszaru and Debrecen. It also has an axle assembly plant and a steel service center for automotive customers in Györ.

Thyssenkrupp CEO Karsten Kroos said, “CO2 avoidance in fleet consumption remains one of the key challenges for our customers. Our powertrain technology offers them solutions precisely for this – both for highly efficient IC engines and for hybrid or all-electric powertrains. With our new investment in Hungary we are expanding not only our production network in Europe, but also our product portfolio, and are manufacturing electric motor components outside Germany for the first time.”

Source: thyssenkrupp

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