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thyssenkrupp further expands automotive business in eastern Europe; valve train and electric motor components

thyssenkrupp has made the investment decision to build a new auto components plant in Hungary. A new production facility for components is to be built in Pécs in the southwest of the country. The investment is worth around €50 million. The site will make highly efficient valve train parts and electric motor components.

Construction is scheduled to begin in September, with the start of production planned for the end of 2020. The new plant will create around 200 new jobs in the coming years.

CO2 avoidance in fleet consumption remains one of the key challenges for our customers. Our powertrain technology offers them solutions precisely for this—both for highly efficient IC engines and for hybrid or all-electric powertrains. With our new investment in Hungary we are expanding not only our production network in Europe but also our product portfolio and manufacturing electric motor components outside Germany for the first time.

—Dr. Karsten Kroos, CEO of thyssenkrupp’s automotive division

In recent months thyssenkrupp has received orders from customers to develop and supply assembled rotor shafts for major EV platforms. The company already manufactures these key electric motor components in Ilsenburg in Saxony-Anhalt and soon also in Hungary.

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