New HUF 47 Billion Automotive Plant to be Built in Debrecen

  • 26 Aug 2021 8:21 AM
  • Hungary Matters
New HUF 47 Billion Automotive Plant to be Built in Debrecen
German automotive company Vitesco Technologies is to build a 47 billion forint (EUR 134m) plant in eastern Hungary, under a new agreement.

Vitesco will build the 7,000sqm plant at a greenfield site..Hungary’s government is supporting the investment, which will create 450 jobs, with a 10.5 billion forint grant.

Vitesco opened another plant making automotive industry electronics in Debrecen earlier this year.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

business CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.