Rheinmetall is investing $68 million in a new production facility in Szeged, Hungary.
According to Christoph Mueller, CEO of Rheinmetall Power Systems, the site will expand the company’s presence in the country, noting that it already has operational plants in Budapest, Zalaegerszeg and Varpalota.
“We are delighted to further expand our presence in Hungary, one of our home markets,” Mueller said. “We are grateful for and proud of the Hungarian government’s trust in us as a partner in the civil and defense industries.”
The company held the groundbreaking ceremony for the new facility on March 26, marking the start of the construction of its first major hybrid site for civil business and defense technology activities.
Hungarian officials attended the ceremony, including Minister of Defense Kristof Szalay-Bobrovniczky and Szeged Mayor Laszlo Botka.
The Szeged branch under the Power Systems division will manufacture products for the company’s automotive and electronic solutions business units, including nanostructure capacitors, equipment for using hydrogen in mobility and energy generation, and military technology.
According to Rheinmetall, the 15,000-square-meter facility will create up to 300 jobs. It is expected to begin operations in August 2025.
