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© HIPA (illustration purpose only) Electronics Production | October 18, 2019

Joyson Safety invests in Hungary

Joyson Safety Systems is starting a new investment round at its Hungarian facility in Miskolc. The EUR 50 million investment project aims to improve efficiency and increase production volume.

Joyson Safety Systems, which has headquarters in the Unites States and belongs to the Chinese Joyson Electronics, specialises in passenger safety products. The Group has recently made several high-profile acquisitions including that of Japanese Takata Group. The Miskolc complex of Joyson is - with 60'000 square metre production area - one of the largest automotive airbag production unit in the world. Apart from manufacturing complete air bag modules and components, inflators and other electronic products, the Hungarian unit is also involved in product development as well as testing, a press release by the Hungarian Investment Agency HIPA states.
Image shows: Péter Szijjártó, Hungarian Minister of Foreign Affairs and Trade, at the press conference announcing the investment.
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November 12 2019 7:31 am V14.7.10-2