Another important milestone has been reached in the expansion of the German thyssenkrupp factory complex in Jászfényszaru. The site has two factories: one for the production of electromechanical steering systems and the other for engine components for international automotive customers.

The latter plant will be expanded to produce rotors for electric motors. The capacity increase will add 8,200 m2 to the factory in Jasfényszaru.

The current production activities of the plant are not affected by the ongoing construction works or the new equipment to be installed for the new product. Construction works are expected to be completed in the first quarter of 2024 and production is expected to start in the third quarter of 2024.

In recent years, thyssenkrupp has continued to invest heavily in research and development. This includes the development and industrialisation of new products suitable for electric drive trains, starting with conventional valve control systems for internal combustion engines some ten years ago. Today, it successfully supplies rotors to well-known players in the automotive market. The expansion of the Jászfényszaru plant will increase thyssenkrupp's rotor production capacity to more than two million units per year. Most of the components will be supplied to German premium car manufacturers.

"We are very proud to have reached this another significant milestone. The rotor production in Jászfényszaru will create 110 new jobs and meet the future needs of the automotive industry. With commitment, flexibility and creativity, we will find the right solution in difficult situations. thyssenkrupp is planning for the long term in Hungary and will continue its development in the country," said Marc de Bastos Eckstein, Managing Director of thyssenkrupp Components Technology Hungary.

Following the announcement of the expansion, on the basis of a proposal by the Prime Minister, President of the Republic Katalin Novák awarded Marc de Bastos Eckstein the Knight's Cross of the Order of Merit of Hungary, which was presented by Levente Magyar, Deputy Minister of the Ministry of Foreign Affairs and Trade, in recognition of his successful leadership work in further deepening Hungarian-German economic cooperation and contributing to the dynamic development of the Hungarian automotive industry in recent years.

thyssenkrupp's success story began in Hungary in 1999, when Hungarian engineers and thyssenkrupp jointly started developing new electromechanical steering systems. The company is now one of the 100 largest domestic employers, one of the most popular places to work and one of the top 50 companies in Hungary with export revenues. thyssenkrupp has invested more than HUF 150 billion in Hungary since 2015.

The company is also active in R&D, manufacturing and assembly in Hungary: the company's Electrical and Electronics Competence Centre, which employs nearly a thousand engineers, is based in Budapest and works on future government systems together with the automotive engineering service centres in Veszprém, Szeged and Győr. In Debrecen, thyssenkrupp makes stabilizers and springs, while in Győr it also operates a chassis assembly plant and a Steel Service Center. The company currently has more than 3,200 employees in Hungary.

thyssenkrupp has already started recruiting new employees for the new plant in Jászfényszaru.