Continental will set up an automotive electronics production plant in Debrecen, Hungary with an investment of 100 million euros. The groundbreaking event will be held in the third quarter of 2018 and is expected to create 450 new jobs. Continental currently has six plants and a tire sales and logistic centre in the country.
“With this strategic decision of a new manufacturing plant in Debrecen, Continental is continuing to expand its European presence in order to better satisfy the customers´ growing demand for automotive electronics,” said José Avila, Member of the Executive Board of Continental and Head of the Powertrain division.
Dr Hans-Jürgen Braun, head of the 30 Continental central electronics plants, said: “To expand our European presence with our new plant in Debrecen is an important pillar in order to diversify our manufacturing plants for state-of-the-art automotive electronics internationally. Together with the Hungarian government, we are able to significantly expand our capacity and further drive our technology development.”