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Hanon Systems Expands Manufacturing Capability in Hungary
SEOUL, Korea, Sept. 16,
2021 – Hanon Systems (KS:018880), a leading
global provider of automotive thermal and energy management solutions, today
announced the two site inaugurations in Hungary – a new greenfield production
facility in Pécs and a building expansion in Rétság.
Located
in Baranya county, the new manufacturing facility in Pécs increases production
capacity for fluid transport products and strengthens the company's
manufacturing footprint in Europe. The facility provides 22,464 square meters
(approximately 242,000 square feet) of manufacturing space and accommodates
equipment including forming, brazing, welding and bending, assembly lines and
testing for automotive air conditioning (A/C) lines. The site offers the
opportunity for further expansion to address future business needs and
currently employs more than 300 employees.
The
building expansion in Rétság is located in Nógrád county and adds an additional
4,500 square meters (approximately 48,500 square feet) to the existing site to
support additional capacity of aluminum die castings for compressor operations
in Europe. The building is equipped with modern machinery for horizontal die
casting. Currently, there are more than 150 employees at the Rétság site.
“We
are pleased to grow in Hungary. The locations for our investment program were
carefully chosen as an important hub in our efforts to support the industry’s
migration toward e-mobility,” said Min Sung, Hanon Systems president and CEO.
“We continue to explore bringing new and innovative technologies to market and
implementing best practices that bring a positive impact to our communities,
employees, customers and the planet.”