# Schaeffler to build €70M plant in Szombathely, Hungary

Schaeffler is investing €70 million to build a new greenfield facility in Szombathely, Hungary, creating 150 jobs. Construction is scheduled to start in February 2020 and finish by end of 2020.

- Type: New facility
- Announced: 2019-12-03
- Where: Szombathely, Hungary, Hungary
- Value: $77.0M (70.0M EUR)
- Jobs: 150
- Starts operating: 2020
- Status: announced
- Products: electric vehicle components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Schaeffler](https://endata.com/companies/2238.md)

## Sources

- [industryeurope.com](https://industryeurope.com/sectors/transportation/schaeffler-invests-70m-to-build-new-plant-in-hungary/), 2019-12-03: "The company is to invest HUF 23.5-billion (€70-million) in the project, which will create 150 new jobs."

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