"DAF Group plans to set up its first engine manufacturing and truck assembling unit in Hungary in a few years, broadsheet Népszabadság reported on Wednesday.As a first step DAF will build a parts distribution centre for Central and Eastern Europe.
DAF is to set up its plant on the logistics site of Agrograin Zrt. in Zsámbék and works are to start within days. The first phase of the project, which is to create several hundred jobs, is expected to absorb about EUR 20 million.
The construction of the engine manufacturing facility is to be completed in three years, with the truck assembling plant to be set up only afterwards.
Heavy machinery producers have built only logistics centres in Hungary so far and DAF is pioneering in establishing a factory here. DAF Hungary will continue to have marketing as its sole task."
Source:
Portfolio Online Financial Journal
Photo for illustration purposes only
20.09.2007