Schaeffler Group has announced plans to extend its Fag Magyarország Ipari Kft. manufacturing plant in Debrecen, Hungary in response to increasing demand for rolling bearings in Europe.
The expanded production facilities will be equipped with machines featuring state-of-the-art grinding technology for manufacturing rolling bearings, which will increase production volume in the plant by approximately 50%. The number of employees will also increase by around 500 during the next few years, making Schaeffler the largest employer in the region.
Schaeffler is investing around 80 million Euros in the extension of the plant, with further support from the Hungarian government. The foundation stone is expected to be laid in the late summer of this year, with deliveries of the first parts produced in the new facilities to begin in the second half of 2017.
“With this investment in the Debrecen location, the Schaeffler Group is increasing its capacities for the European market. We will therefore be able to fulfill the growing requirements for rolling bearings from customers in the automotive sector even more reliably and quickly. Our objective is to become even more customer-focused”, says Dietmar Heinrich, Schaeffler’s CEO for Europe.