Hungarian Investment Promotion Agency

Being among the top 100 largest employers of the country, German thyssenkrupp is present in Hungary with R&D and manufacturing capacities alike. Jászfényszaru is home to the production of steering servos and engine components, stabilizers and springs are made in Debrecen, whereas a running gear assembly plant is operated in Győr.

Employing 1,100+ engineers, the offices in Budapest and Veszprém focus on R&D with the aim to boost global competitiveness. The automotive division of the company is associated with ‘smart’ driving systems that are suitable for collaboration with different driving-assistance and autonomous systems.

Thyssenkrupp Components Technology Hungary Kft. plans to increase the number of engineers employed by 10% within the next three years, and Szeged was one of the obvious choices for that purpose. The new office will be working closely together with the ones in Budapest and Veszprém to develop electronic hardware and software of state-of-the-art steering systems. The investment also helps internalize currently outsourced engineering activities.

As Managing Director Marc De Bastos Eckstein stressed, not only Szeged but also the whole region will benefit from this cooperation. The company’s presence brings more know-how and expertise to the city, and it helps provide a future-proof economic environment.