Chinese capital equipment manufacturer Zoomlion is building a smart factory for aerial work platforms in Hungary. Formalised through an agreement signed on Feb 20, the project was highlighted at a press conference hosted by Hungary’s Minister of Foreign Affairs and Trade.

The factory is located in Tatabánya at the intersection of highway networks. Once operational, Zoomlion expects it to significantly strengthen its presence in the European aerial work platform sector.

With a total area of approximately 41 acres, the factory will be jointly developed by Zoomlion and CTP Group. The facility will be equipped with intelligent, digital, and environmentally sustainable production technologies. It will manufacture a range of high-performance low-carbon aerial work platforms. It aims to serve both Hungarian and European markets.

Once operational, the project is expected to create 800 local job opportunities. It will strengthen collaboration with local supply chain partners and cultivate a localised industrial ecosystem.

Zoomlion company has established 10 overseas R&D and manufacturing bases, with products sold in over 150 countries and regions. More than 50% of Zoomlion’s revenue now comes from markets outside China.

“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.”