Sisecam Automotive Hungary

Type
Business expansion
Country
Hungary
Region
Közép-Magyarország; Pest; Pest
Location of affected unit(s)
Aszód
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.32 - Manufacture of other parts and accessories for motor vehicles
100 jobs
Number of planned job creations
Job creation
Announcement Date
8 February 2022
Employment effect (start)
1 September 2022
Foreseen end date

Description

Sisecam, a Turkish-owned glass product manufacturer, expands its plant in Aszód, Central Hungary. The investments entails the construction of a new warehouse and the purchase of and new equipment and will be completed until the end of 2022 and 100 new jobs will be created.

The investment cost is roughly €8 million, about 22% of which is covered by government subsidy under the aegis of the competitiveness increasing subsidy scheme.

Sisecam group is one of the major global glass product manufacturers. The Hungarian subsidiary produces glass products for the automotive industry. In addition to the Aszód plant, Sisecam intends to establish another plant in Kaposvár, Southern Transdanubia, by 2023.

Sources

Citation

Eurofound (2022), Sisecam Automotive Hungary, Business expansion in Hungary, factsheet number 106317, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106317.