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.
Alfod es Eszak; Eszak-Alfold; Szabolcs-Szatmar-Bereg
Location of affected unit(s)
NyÃregyháza
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
250 jobs Number of planned job creations
Announcement Date
23 January 2018
Employment effect (start)
23 January 2018
Foreseen end date
23 January 2021
Description
German automotive supplier ContiTech commissioned new facilities at its NyÃregyháza location in northeastern Hungary.Â
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Supported by a HUF 2 billion (EUR 6.42) state grant, the HUF 6 billion (EUR 19.3 million) investment includes a second rubber mixing line, a new semi-finished production facility (using calender technology) for air bellows and a production line for hoses destined for heating and cooling applications in cars. ContiTech has also constructed a warehouse for its Compounding Centre and the construction of a logistics centre is also in progress, which will be used for air springs and hoselines. Â
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The developments already created more than 200 additional jobs and is expected to create another 250 to 300 jobs once all of the new lines reach full capacity.
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ContiTech employs around 5,000 people in Hungary, 500 of them in NyÃregyháza.
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Sources
23 January 2018: mfor.hu
Citation
Eurofound (2018), ContiTech, Business expansion in Hungary, factsheet number 93266, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93266.
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