ZF Lenksysteme Hungary, a manufacturer of steering systems, has expanded its existing production facility in Eger within the framework of a development project costing over HUF 4bn, the company announced as the new site was opened in the city.

The subsidiary of the Germany-based ZF Lenksysteme Gmbh, which has 600 employees, received subsidies totalling HUF 1bn within the New Széchenyi Plan for increasing its output capacity of electronic steering systems.

Minister of State for Employment Policy Sándor Czomba emphasized that the investment in Eger by the long-established company also signals that confidence in the country as well as in Hungarian skilled labour force remains high.

In the opinion of the politician, the largest challenge Hungary is facing now is jumpstarting the economy and every single investment like this takes the country one step closer to recovering from the recession. Therefore, the coming years can be expected to be an era of rapid investment and job growth.

He also mentioned that Hungary and Germany, and their respective economies, are interconnected and the driving force behind this relationship is the car manufacturing industry.

Thanks to the completed investment project and via suppliers, hundreds of jobs will be created in the region, Sándor Czomba pointed out.

(Ministry for National Economy)