Type
Business expansion
Country
Hungary
Region
Dunantul; Kozep-Dunantul; Veszprem
Location of affected unit(s)
Litér
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Fabricated Metal Products, Except Machinery And Equipment
25.11 - Manufacture of metal structures and parts of structures

80 jobs
Number of planned job creations
Job creation
Announcement Date
26 May 2023
Employment effect (start)
26 May 2023
Foreseen end date

Description

Termelés-Logistic-Centrum (TLC), the Hungarian subsidiary of German crane manufacturer Sennebogen, inaugurated its new production hall in Litér. The company has announced 80 new jobs will be created at the production site. The second production site was established to meet the growing demand for the firm's products. The plant will produce steel components for loading and lifting equipment. The investment cost was about €7 million. The government granted a non-refundable subsidy of about 10% of the overall investment cost. The principal plant of TLC operates in nearby Balatonfüred.


Sources

  • 26 May 2023: Hungarian Investment Promotion Agency (hipa.hu)
  • 26 May 2023: Veszprém vármegyei hírportál (www.veol.hu)

Citation

Eurofound (2023), Termelés-Logistic-Centrum, Business expansion in Hungary, factsheet number 109162, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/109162.