Largest Hungarian Bicycle Manufacturer Will Soon Make E-bikes with Chinese Investor
- 13 Jan 2023 4:27 PM
- Hungary Around the Clock
Neuzer, the largest Hungarian-owned bicycle manufacturer, is investing Ft 750 million in building an automated storage facility in its factory in Esztergom, owner András Neuzer announced in the town on Thursday.
In the new facility, parts can be stored on 1,820m2 on 4,560 pallets, using an intelligent registration system.
Neuzer said the company will soon form a joint venture with a 51% Chinese majority to produce 150,000 electric bicycles annually.
The planned plant may start production on a 30,000m2 site next to the current factory in 2026.
XpatLoop Media Partner
LATEST NEWS IN business