Opel opens EUR 500mn engine plant in Hungary.

By bne IntelliNews September 21, 2012
The Hungarian unit of German car producer Opel has inaugurated a EUR 500mn engine plant at its base in Szentgotthard, western Hungary, MTI news agency reported. The building covers an area of 30,000 square meters. It will create some 800 new jobs. The car maker will start serial production of petrol engines by end-2012, while production of diesel motors will be launched at a later stage. The plant will be able to shift to production of different engine models in a short time, due to the use of flexible technology. German car maker Audi is expected to launch serial car production at its newly-built EUR 900mn production plant in the northwestern city of Gyor in 2013. Another German car maker, Daimler, has already started assembling B-class Mercedes passenger cars in Hungary in a plant in opened in March 2012. The company invested EUR 800mn in the factory, which is considered as one of the largest greenfield investment projects ever carried out in Hungary.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    7 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss