Knorr-Bremse to build new plant in Hungary -report

Newswire

BUDAPEST, Nov 27 (Reuters) - German manufacturer Knorr-Bremse [STELLG.UL] will build a new production plant in Hungary at a cost of 43 million euros ($64 million) which will employ 800 people, national news agency MTI reported on Friday. The plant, expected to become operational in 2010, will produce railway brake systems and other rail parts. Knorr-Bremse already has a manufacturing plant in eastern Hungary and a development centre in Budapest. Hungary's economy has suffered badly as ...

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