Swiss owned high-precision drive-system manufacturer Maxon AG will commence production of whole motors and rotors to the company's Hungarian unit, Maxon Motor Hungary, which has so far been manufacturing spare parts only.
Maxon Motor Hungary had made a HUF 1.1 billion (EUR 4.13 million) investment, including HUF 280 million in non-refundable government support, at its plant in Veszprém this year to make the technological developments necessary to allow for the new manufacturing operations. The unit, which currently employs around 160 people, will hire new workers as a result of its expanded production profile and potential rise in orders.
Maxon Motor Hungary Kft started production in Veszprém in 2002. Maxon Motor Hungary closed 2009 with a turnover of HUF 903 million, according to preliminary data, 32 million less than in 2008, but still up from HUF 757.3 million in 2007.
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http://www.investhungary.com/2010-03/maxon-upgrade-production-its-hungarian-unit-veszprem
