Chinese heavy machinery manufacturer Zoomlion is building its first European smart factory in Tatabánya

Chinese heavy machinery manufacturer Zoomlion is establishing its first European smart manufacturing base in Tatabánya with an investment of around 43 billion forints. At the handover ceremony for the first phase of the project, Péter Szijjártó, Minister for Foreign Affairs and Trade, said that the development would create around 800 new jobs in the region.

New jobs may also be created

The company is building an assembly and paint shop in the town of Komárom-Esztergom, at a cost of over 43 billion forints. The Hungarian government is supporting the project with a grant of seven billion forints, aimed at encouraging high value-added industrial investment and creating new jobs.

Domestic suppliers may also have the opportunity

The Tatabánya facility will be the first European smart manufacturing base for the Zoomlion, which could also open up new opportunities for the domestic supplier network. According to the information provided, around 70 per cent of the company’s suppliers could be local partners, which could create significant business opportunities for Hungarian small and medium-sized enterprises.

They will be able to manufacture construction and agricultural machinery

As our website reported, the Chinese engineering giant has signed a deal with the Dutch-owned CTP agreement, under which the 35,000-square-metre TBN5 building in Tatabánya CTPark, located near the M1 motorway, will be converted to meet the production requirements of Zoomlion. Furthermore, the Chinese company will also take up outdoor areas and newly built support facilities, and a testing zone of approximately 20,000 square metres will also be made available to them.