Continental to invest €100 million for new Hungarian plant in Debrecen

Specifications:

Name:

Continental to invest €100 million for new Hungarian plant in Debrecen

Location:

Hungary

Company:

Continental

Estimated Cost:

€100 Million

Source:

continental-corporation.com

Introduction:

The technology company Continental plans for the construction of a new manufacturing plant in Hungary to expand its automotive electronics production footprint.

Features:

Continental currently has six plants and a tire sales and logistic center in Hungary. By choosing Debrecen as the seventh Hungarian location, Continental is increasing the production of electronic components for European markets. The groundbreaking ceremony is scheduled for the third quarter of 2018. Continental plans to invest a total of €100 million and will create 450 new jobs.

As the second largest city in Hungary and also a regional center with an outstanding infrastructure and highly qualified workforce, Debrecen is the ideal location for our next expansion. The decision reflects the trust in and strong positive feedback about the performance of the existing Continental organization in Hungary”, said Dr. Róbert Keszte, Managing Director at Continental Automotive Ltd.

To expand our European presence with our new plant in Debrecen is an important pillar in order to diversify our manufacturing plants for state-of-the-art automotive electronics internationally. Together with the Hungarian government we are able to significantly expand our capacity and further drive our technology development", added Dr. Hans-Jürgen Braun, head of the 30 Continental central electronics plants.