Business expansion
Dunantul; Kozep-Dunantul; Veszprem
Location of affected unit(s)
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Fabricated Metal Products, Except Machinery And Equipment
25.40 - Manufacture Of Weapons And Ammunition

200 jobs
Number of planned job creations
Job creation
Announcement Date
27 July 2023
Employment effect (start)
1 December 2023
Foreseen end date
31 December 2025


A new arms factory, operated by the German joint venture Rheinmetall Hungary Munitions Ltd, is under construction in Várpalota, Central Transdanubia. 200 new jobs will be created, with recruitment beginning in December of 2023. The plant is to start producing medium and large-calibre ammunition in the end of 2024, with a planned extension of the product range later. The business expansion is set to be finished in 2025. The stated aim is to create a domestic military industry capacity that is sufficient to ensure the safety of the country. The joint venture is co-owned by German automotive and arms manufacturer Rheinmetall and Hungarian state-owned defence industry conglomerate N7 Holding. The Várpalota production site is part of the string of arms factories established in recent years, including another Rheinmetall plant Rheinmetall-2023-HU.


  • 27 July 2023: VG Világgazdaság (www.vg.hu)
  • 21 August 2023: VG Világgazdaság (www.vg.hu)
  • 30 November 2022: VEOL Veszprém Vármegyei Hírportál (www.veol.hu)


Eurofound (2023), Rheinmetall Hungary, Business expansion in Hungary, factsheet number 109338, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/109338.