ZF, a top automotive supplier, with production facilities across the globe announced the expansion of the production in Hungary. With the help of the Hungarian Government, the manufacturer’s Car Powertrain Division will invest nearly 100 million euros in its Eger location, in the North of Hungary, creating 770 new direct jobs by 2019, and more through the expansion of the local supplier base. The project will benefit from a non-refundable cash grant of approximately 21 million euro from the Hungarian Investment Promotion Agency (HIPA).
The automotive supplier is planning to have an annual production of 290.000 units of its ZF 8-speed automatic transmission, which continues to set the standard worldwide.
The first plant in Eger was opened in 1996 and currently employs around 850 people. Here, ZF manufactures both automated and manual commercial vehicle transmissions since 1996. In 2016, the turnover of the factory was 180 million euro with customers such as Hyundai, MAN, Neoplan, Nissan, Renault, Volvo and VW.
“Eger holds major advantages for P Division: long-standing experience in transmission production, well-trained experts and a good infrastructure” emphasized Bernd Stockmann, Executive Vice President of Powertrain Technology Division.
ZF is a global leader in driveline and chassis technology as well as active and passive safety technology. The company has a global workforce of around 137.000 with 230 locations in 40 countries.