Valeo has inaugurated the extension to its plant in Veszprém, Hungary, which produces comfort and driving assistance systems, with the addition increasing the site’s capacity by 50% in the next few years.
A cornerstone was also laid for a new R&D building, which will double the area dedicated to R&D at the site.
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In recent years, the Veszprém plant has seen strong growth, more than doubling its sales in four years. The plant extension and new R&D facility will make the site the Group’s largest plant in Eastern Europe producing driving assistance systems.
“With this extension, Valeo is strengthening its development in Eastern Europe to support its customers in these growing markets,” said Valeo CEO, Jacques Aschenbroich.
“This extension will enable Valeo to grow its business in these markets in the years ahead.”
The Veszprém plant, which currently employs more than 1,200 people, produces systems such as top column modules, on-board computers and other interior control systems that are mounted on the steering column and instrument panel.
