Converter invests EUR 150m in Hungary / New factory to supply Mercedes
Plastics processing group Rehau (Rehau / Germany; is investing EUR 150m to build a new production plant for automotive parts in Újhartyán / Hungary. Construction on the 63,000 m² site is due to start in March 2018 and be completed in April 2019, the Hungarian Ministry of Foreign Affairs and Trade has announced. The investment is to create almost 730 jobs. According to Hungary's trade minister, Péter Szijjártó, plastic car components such as bumpers and spoilers are to be produced at the new location for a second Mercedes-Benz plant, which is being built by the Stuttgart company in Kecskemét, some 50 km away.

The minister also highlighted the importance of the automotive industry for Hungary. In 2017, the industry reached a record high of EUR 25.6 bn and contributed significantly to the country's export growth. Apart from Rehau and Mercedes, Audi, Continental and Qualitative Production have recently announced investments in the country. Due to the growing demand from Audi, Rehau will also expand its Győr location.

Founded in Germany in 1948, the Rehau Group employs 20,000 people at over 170 locations worldwide. It is a systems provider of polymer-based solutions in the construction and automotive sectors as well as for furniture, appliances and industrial products.
05.03.2018 [239165-0]
Published on 05.03.2018
Rehau: 150 Mio EUR für Autoteile-Werk in UngarnGerman version of this article...

© 2001-2020  |  Imprint  |  Privacy is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2020 by, Bad Homburg
Date of print: 05.08.2020 15:34:02   (Ref: 343952451)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: