FAG Hungary

Type
Business expansion
Country
Hungary
Region
Alföld és Észak; Észak-Alföld; Hajdú-Bihar
Location of affected unit(s)
Debrecen
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
350 jobs
Number of planned job creations
Job creation
Announcement Date
15 August 2005
Employment effect (start)
Foreseen end date
31 December 2006

Description

FAG Hungary Kft, owned by Germany's Schaeffler group, is planning to build a €40 million ball bearing factory at the Debrecen industrial park. FAG has been producing ball bearings at a leased site in Debrecen since 1999 and currently employs 750 people. When the new factory opens, FAG will hire 350 more people.

Sources

  • 15 August 2005: Világgazdaság

Citation

Eurofound (2005), FAG Hungary, Business expansion in Hungary, factsheet number 62118, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62118.