Chinese crane and aerial lift manufacturer Zoomlion is to set up a new aerial lift production centre in Hungary.
The company has signed a 10 year lease with CTP, one of Europe’s largest developers for an existing facility on a 55,000 square metre plot in CTPark, Tatabánya, north west of Budapest towards Bratislava, Slovakia.
The facility is on an industrial park in Tatabánya
Zoomlion will invest €100 million in the 35,000 square metre building to create what it describes as a ‘Smart Factory’ to produce scissor and boom lifts. The Chinese manufacturer will also have access to a 20,000 square metre outdoor test and storage area.
The plant is located near a junction with the M1 highway connecting it to major transit routes linking the plant to Slovakia, Austria, Romania and the rest of Europe.
Ren Huili of Zoomlion Access said: "This move reflects Zoomlion Access' commitment to intensify localisation efforts. By establishing this production base, we aim to better serve our local customers with localised manufacturing products, meet their evolving needs and contribute to the growth of the Hungarian industrial landscape."
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Vertikal Comment
This move is almost certainly driven, or at least accelerated by the imposition of European tariffs, as well as supply chain and logistics issues. It is an interesting development which could have substantial long term ramifications for the market.
This will be an interesting one to watch as the global tariff games develop.
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