Takata to establish auto airbags plant in Hungary

Takata Corporation (“Takata”), a leading global supplier of automotive safety systems, announced that they have established a Hungarian subsidiary named Takata Safety Systems Hungary Kft. to build a new production facility in Hungary. 

 

Takata Corporation (“Takata”), a leading global supplier of automotive safety systems, announced that they have established a Hungarian subsidiary#

The investment has been announced by the Hungarian Government on November 15. The announcement was attended by the Prime Minister Viktor Orbán and several representatives from the Hungarian government. 

 

Takata Corporation (“Takata”), a leading global supplier of automotive safety systems, announced that they have established a Hungarian subsidiary#

The new plant will be located in the city of Miskolc in Northern Hungary, some 180 km northeast from Budapest. The high tech manufacturing plant will produce airbags and airbag components for car manufacturers in Europe. It is scheduled to begin operations in October 2014 and will employ up to 1,000 people. Total investment in the plant will be €68.3 million. It is the largest investment of a Japanese company in the region. The new plant is expected to contribute towards invigorating the local economy and employment market. 

 

Takata Corporation (“Takata”), a leading global supplier of automotive safety systems, announced that they have established a Hungarian subsidiary#

The new plant marks Takata´s entry into Hungary. This step is part of Takata´s initiatives 

to strengthen its supply structure within Europe amid growing demand for airbags and is addition to the existing plants operating in Central and Eastern Europe. These include the recent August 2013 inauguration of a new plant in Ulyanovsk, Russia. 

 

Takata Corporation (“Takata”), a leading global supplier of automotive safety systems, announced that they have established a Hungarian subsidiary#

About Takata: 

 

Takata Corporation (“Takata”), a leading global supplier of automotive safety systems, announced that they have established a Hungarian subsidiary#

Takata Corporation is a leading global supplier of automotive safety systems, (products include steering wheels, airbag systems, seat belts, electronics, sensors, interior trim, child restraint systems) and supplies all major automotive manufacturers in the world. It is currently operating 56 plants in 20 countries with more than 36,100 employees. The headquarters are located in Tokyo (Japan).