Rheinmetall Expands Presence with New Hybrid Plant in Szeged

Rheinmetall Expands Presence with New Hybrid Plant in Szeged

(IN BRIEF) Rheinmetall, a leading technology company, is establishing a new plant in Szeged, Hungary, representing a significant expansion in the EU and NATO partner country. The groundbreaking ceremony on March 26, 2024, marked the commencement of construction, with the plant set to be operational by August 2025. With a total investment of €63 million and the creation of 300 new jobs, the facility will integrate Rheinmetall’s civil and defence technology activities under one roof, primarily focusing on manufacturing electrical components for the automotive industry and products related to hydrogen utilization in mobility and energy generation. Christoph Müller, CEO of Rheinmetall’s Power Systems division, expressed gratitude for the Hungarian government’s trust and emphasized the company’s commitment to furthering its presence in Hungary.

(PRESS RELEASE) DÜSSELDORF, 6-Apr-2024 — /EuropaWire/ — Rheinmetall builds a new plant in Szeged, Hungary, and thereby expands its footprint in the EU and NATO partner country.

The groundbreaking ceremony on 26 March 2024 was attended by prominent guests. The Hungarian Minister of Defence, Kristóf Szalay-Bobrovniczky, the Mayor of Szeged, Dr. László Botka, Prof. Dr. Gábor Szabó, Managing Director of the research institute ELI-ALPS, Dr. Judit Fendler, Chancellor of the University of Szeged, Milhálffy Béla, Member of Hungarian Parliament, and many other high-ranking representatives from politics, government and industry followed the invitation of Christoph Müller, CEO of Rheinmetall’s Power Systems division, to attend the ceremony.

The new plant is Rheinmetall’s first major hybrid site, where the Group’s civil business and defence technology activities will be united under one roof. The site, which is scheduled to go into operation in August 2025, is part of Rheinmetall’s Power Systems division.

A plant with a floor area of 15,000 square metres is to be built on an area of 85,000 square metres in the first industrialization step. Up to 300 highly qualified jobs will be created. The total investment volume is €63 million.

The Rheinmetall site in Szeged will primarily manufacture products for the Automotive business unit, including electrical components such as nanostructure capacitors, as well as products for the use of hydrogen in mobility and energy generation. In addition, around ten percent of the production area is planned for goods from the military business of Rheinmetall’s Electronic Solutions division.”

“We are delighted to further expand our presence in Hungary, one of our home markets,” says Christoph Müller. “Szeged, the ‘City of Sunshine’, will now be the fourth Rheinmetall site after Budapest, Zalaegerszeg and Várpalota. We are grateful for and proud of the Hungarian government’s trust in us as a partner in the civil and defence industries.”

Media Contact:

Oliver Hoffmann
Head of Press and Public Relations
Phone: +49 211 473-4748
Fax: +49 211 473-4157

SOURCE: RHEINMETALL AG