Zoomlion to Build Smart Factory for Aerial Work Platforms in Hungary
Rhea-AI Summary
Zoomlion Heavy Industry Science & Technology announced plans to build a modern smart factory for aerial work platforms in Hungary on February 21, 2025. The facility, to be located in Tatabánya at major highway network intersections, will be developed jointly with CTP Group on approximately 41.18 acres of land.
The factory will feature intelligent, digital, and environmentally sustainable production technologies to manufacture high-performance, premium-quality, and low-carbon aerial work platforms. The project is expected to create 800 local jobs and strengthen local supply chain partnerships.
This expansion aligns with Zoomlion's global business strategy, which has already established 10 overseas R&D and manufacturing bases, with products sold in over 150 countries. Notably, more than 50% of Zoomlion's revenue now comes from markets outside China. The company aims to bring the factory into operation within 2025.
Positive
- Strategic location at major European logistics routes intersection
- Creation of 800 new local jobs
- Over 50% of revenue already comes from international markets
- Expansion of manufacturing capacity in European market
- Implementation of advanced sustainable production technologies
Negative
- None.
Strategically located in Tatabánya at the intersection of major highway networks, the factory will serve as a vital hub linking Eastern and
With a total area of approximately 250 mu (approximately 41.18 acres), the factory will be jointly developed by Zoomlion and CTP Group. The facility will be equipped with advanced intelligent, digital, and environmentally sustainable production technologies to manufacture a wide range of high-performance, premium-quality, and low-carbon aerial work platforms. By leveraging cutting-edge production processes and equipment, the facility will be better positioned to serve both local and European markets.
Once operational, the project is expected to create 800 local job opportunities, fostering economic growth and employment in the region. It will also strengthen collaboration with local supply chain partners, enhance synergy with local businesses, and actively cultivate a localized industrial ecosystem through a closely integrated, mutually beneficial partnership, further contributing to
In recent years, Zoomlion has been actively advancing its global business strategy through a "global village" mindset and a localized operational approach. The company has established 10 overseas R&D and manufacturing bases, with products sold in over 150 countries and regions. More than
"We'd like to extend our sincere gratitude to all parties who have supported this project," stated Zhan Chunxin, Chairman and CEO of Zoomlion. "We will accelerate project implementation according to the investment strategy, and bring the factory into operation in this year."
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SOURCE Zoomlion
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