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Bosch, Source: Pixabay

BOSCH to invest 44 million euro in Hungary

BOSCH to invest 44 million euro in Hungary

A new European battery manufacturing competence centre is to be constructed in Miskolc

The technology giant Bosch has turned into one of the biggest foreign investors in Hungary over the years with more than 13 500 employees, a thousand of which hired during last year. It is now decided that a new hand-tool facility, the biggest in Europe, will be established in Miskolc. The new production hall is expected to occupy 20 000 square metres and create as many as 1 200 new jobs, qualifying as the biggest unit of BOSCH group.

The Hungarian city is already home to Robert Bosch Power Tool Kft., established in 2001 with 2 400 employees, which was expanded with a new operational unit last year - the Regional Service Centre, engaged in packaging activities. The existing activities of the company in the city will thus be preserved, enlarged and reorganized on a wider area. For instance, the electric batteries will now be produced for products such as electric bikes, other than hand tools.

Hungary is a key node in the research and development activities of the German company, having received more than 55 billion HUF in 2017, working with 2 300 experts and 14 local educational institutions.

Source: Hungarian Investment Promotion Agency

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