The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.92 - Manufacture Of Machinery For Mining, Quarrying And Construction
800 jobs Number of planned job creations
Announcement Date
21 February 2025
Employment effect (start)
1 September 2025
Foreseen end date
Description
Chinese construction and agricultural machinery manufacturer Zoomlion will establish a lifting scaffold plant in Tatabánya. The investment is expected to create approximately 800 jobs. Production is set to start by the end of 2025, initially in rented premises, according to the plans. In the second phase of the investment, production will move to a self-owned production hall in a few years.
The investment cost is €105 million. This will be the conglomerate’s third European production site. The founder of Zoomlion stated that the company would establish strong ties with local suppliers.
Tatabánya is the administrative centre of Komárom-Esztergom County. The county’s labour market recently has been affected by the slump in the battery industry, which led to ongoing downsizing at a nearby large battery plant.
Sources
21 February 2025: Hungarian Investment Promotion Agency (hipa.hu)
Eurofound (2025), Zoomlion Access Machinery Hungary, Business expansion in Hungary, factsheet number 202459, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202459.
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