Chervon Auto started building its first European factory in Hungary - VIDEOREPORT
2021. 11. 18.
Chervon Auto establishes its first plant outside China in Hungary. The value of the greenfield investment aimed at serving European partners more efficiently is almost EUR 51 million. In the first phase, the construction of a 26,000 square metre hall begins at an area of about 8 hectares. The new plant in Miskolc will have a capacity to produce up to 2 million vehicle components per year, and 138 new jobs will be created. Production is scheduled to start by the end of 2022.
Chervon Auto, a manufacturer of mainly automotive parts, a Tier 1 and Tier 2 supplier with a European market share, can greatly reduce transport costs as well as delivery time with the greenfield investment. The new 26,000 square metre hall will be used to manufacture automotive metal components within a few years.
In addition to its proximity to existing customers, the investment will also take advantage of the opportunities offered by the rapidly growing market for electric and hybrid vehicles. The company's competitive advantage lies in its ability to provide quality solutions for both conventional and new technology vehicles.
Related articles
Sector articles
Over 260 business meetings brought together Hungarian automotive suppliers and international manufacturers operating in Hungary at the Automotive Hungary Supplier Forum in Budapest.
2026. 05. 21.
Automotive #AutomotiveThe investment, which will create more than 200 jobs, has reached another milestone.
2026. 03. 23.
Automotive #AutomotiveThe Hungarian automotive industry is already adept in all technologies, and thanks to developments over the past decade and a half, it faces a secure future and could become one of the most important players in Europe, as has been said at the HIPA Automotive Con...
2026. 03. 19.
Automotive #Automotive