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 Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
100 jobs Number of planned job creations
Announcement Date
30 October 2019
Employment effect (start)
30 October 2019
Foreseen end date
Description
Automotive undercarriage components manufacturing company NHK Spring Hungary inaugurated the second production hall at its factory in Tata. The business expansion is expected to triple the original area of production and to create 100 new job positions. The investment amounts to €33 million.
The company exports automotive shock absorber springs and stabiliser rods for companies in the automotive industry, including Volkswagen, Renault-Nissan, Toyota and Ford. The company represents the first European factory for NHK Spring (that is, the parent company), which started production in 2016.
31 October 2019: Hungarian Investment Promotion Agency (hipa.hu)
Citation
Eurofound (2019), NHK Spring Hungary, Business expansion in Hungary, factsheet number 98961, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98961.
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