# Valeo Auto-Electric invests EUR 60M in Veszprém expansion, adding 220 jobs

Valeo Auto-Electric Magyarország is expanding its manufacturing and R&D complex in Veszprém, Hungary, with a EUR 60 million greenfield project. The expansion will create 220 new jobs and include 30 robots and 12 cobots for automated production.

- Type: Expansion
- Announced: 2017-12-14
- Where: Veszprém, Hungary
- Value: $71.0M (60.0M EUR)
- Jobs: 220
- Status: announced
- Capacity: 4,000-square metre warehouse hall, 550 square metre lab expansion
- Products: sensors, electronic control units, switches
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Valeo Auto-Electric Magyarország](https://endata.com/companies/18046.md)

## Sources

- [just-auto.com](https://www.just-auto.com/news/hungary-powers-on-with-220-new-valeo-jobs/), 2017-12-14: "Valeo Auto-Electric Magyarország is expanding its manufacturing and R&D complex in Veszprém, Hungary, with a EUR60m greenfield project creating 220 new jobs."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.