The German industrial group ThyssenKrupp has announced the construction of a new component plant for the auto industry in Hungary. Series production is scheduled to start at the end of 2020 and includes parts for electric motors.
Near Pécs, in the southwest of Hungary, a new production facility will be built in the coming months to manufacture components for electric drives, among other things. The new plant will also enable the company to produce EV components outside Germany for the first time, ThyssenKrupp announced.
Currently, ThyssenKrupp produces rotor shafts for electric motors in Ilsenburg (Saxony-Anhalt). According to the announcement, the company has received orders in recent months for the development and series supply of such parts for “large electromobility platforms from customers,” for which, in addition to Ilsenburg, the production will in future also take place in Hungary.
The investment sum for the factory is around 50 million euros, and construction is scheduled to begin in September of this year. In addition to the electrical components, “highly efficient valve train components” are also to be manufactured in Pécs.
The Group already employs around 2,000 people at six locations in Hungary and manufactures steering systems, engine components and springs there. ThyssenKrupp also assembles axles in the Eastern European country.
In February ThyssenKrupp had already expanded its business with electrical components elsewhere: At that time the Group announced that it was building a production facility together with industrial real estate developer VGP at the Chemnitz site to manufacture special machinery and equipment for the manufacture of traction batteries.