Rheinmetall Hungary Renames Street at Zalaegerszeg Plant to ‘Rheinmetall Út’

Rheinmetall Hungary Renames Street at Zalaegerszeg Plant to ‘Rheinmetall Út’

(IN BRIEF) Rheinmetall Hungary Zrt., a joint venture between Rheinmetall and the Hungarian state, has renamed a street at its Zalaegerszeg plant to “Rheinmetall Út.” The plant is undergoing expansion to become a modern development, production, and testing center for advanced armored vehicles, including the Lynx infantry fighting vehicle. The expansion will create new jobs and focus on sustainability measures, such as solar panel installations and environmentally friendly vehicle operations. Rheinmetall Hungary Zrt.’s initiatives reflect its commitment to the community and its goal of achieving Groupwide carbon neutrality.

(PRESS RELEASE) DÜSSELDORF, 23-May-2023 — /EuropaWire/ — Rheinmetall AG (ETR: RHM), a German integrated technology group active in the automotive and defence industries, announces that Rheinmetall Hungary Zrt., its joint venture with the Hungarian state, officially renamed a street at its Zalaegerszeg plant to “Rheinmetall Út” in a ceremony held on May 23, 2023. The event witnessed the presence of representatives from the group, Zoltán Balaicz (Mayor of Zalaegerszeg), and other esteemed guests.

Dr Imke Nora Kellner, CEO of Rheinmetall Hungary Zrt., emphasized how “…our investment here is powering economic growth in the region and creating good jobs for skilled workers at our Hungarian suppliers. In future we’ll be developing, producing and maintaining cutting-edge armoured vehicles, contributing to security and freedom in Europe.”

The Zalaegerszeg plant is currently undergoing development to become a cutting-edge development, production, and testing center. The expansion project is expected to create around 350 new jobs and offers potential for further growth in both surface area and technology. The primary focus of the facility is to develop and manufacture state-of-the-art tracked and wheeled armored vehicles, with a particular emphasis on the new Lynx infantry fighting vehicle for the Hungarian armed forces. The low-rate initial production of the Lynx began earlier this year. To ensure the safety of the plant’s neighbors, stringent measures are in place, including secure underground storage facilities for minimal amounts of practice ammunition and confined ballistic testing in an underground shooting tunnel. No above-ground ballistic tests, test detonations, or test drives on public roads in Zalaegerszeg are conducted.

Rheinmetall’s commitment to the local community is evident through various initiatives, aligning with its strategic goal of achieving Groupwide carbon neutrality by 2035. The ongoing expansion of the plant incorporates the installation of solar panels, and the surroundings have been enriched by the planting of trees along Rheinmetall Út, with additional plantations planned for the premises. Furthermore, the company is transitioning most of its company vehicles to electric or hybrid models, while vehicles used exclusively within the plant, such as forklifts, logistics, security, and pool vehicles, already operate in an environmentally friendly and sustainable manner.

As Andreas Baumeier, chief operations officer of Rheinmetall Hungary Zrt., explains, “We take our technological and social responsibilities very seriously, which is why we invest in innovative products and technologies, but also in sustainable operations and in reducing C02 emissions through the use of renewable energy sources.”

Rheinmetall Hungary Zrt.’s commitment to sustainability, technological advancements, and community welfare underscores its dedication to the region and its strategic objectives.

At the end of the ceremony, Michael Stolze, CFO of Rheinmetall Hungary Zrt., noted that “The street name Rheinmetall Út isn’t just an honour for us. It also underscores the cooperative and long-term nature of our working relationship, now and in future. We would thus like to take this opportunity to express our sincere thanks to the local authorities and their representatives for supporting our endeavour!”

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