One of the world’s top automotive suppliers, Valeo Auto-Electric Hungary has opened its most recent investment in Veszprém. The project consists of an extension to its existing plant there and the establishment of a new R&D building. The 3,600 sqm production plant and the equipment within it €5.7m, funds for which came in part from the state’s Central Transdanubia Operational Programme. The R&D building required a €2m investment, it is planned to be ready by the end of the year. The development is expected to increase Valeo’s production capacity by 50%.
