Dana Holding Establishes Gear Factory in Hungary to Support European Operations

According to reports, Dana Holding (Dana Incorporated) on April 5, 2017 broke ground in Hungary factories, will provide support for the Dana factory built in the new business district of Europe. The new plant is located in Győr in Hungary and covers an area of ​​140,000 square feet (13,000 square meters) and will provide users with Dana Holding's advanced design, engineering and manufacturing expertise and technology for Dana Holdings. Procurement measures and technical strategies provide support.

The plant costs nearly 46 million euros (about 49.12 million US dollars), will start production in 2018, fully operational until 2020, Dana Holdings will recruit nearly 200 high-quality employees for the plant.

The plant will be responsible for the production of Spicer AdvanTEK hypoid bevel or spiral bevel and pinion gear sets. Dana Holding mainly produces traditional banjo and beam axles and all-wheel drive systems. In the future, the factory will probably be engaged in the assembly of axles.

Dana Holding AdvanTEK gear products have the best sound and vibration roughness (NVH) performance in their class, and their products are packaged in a compact package with high energy density. When the gear kit is incorporated into the axle, it will transmit drive torque to the wheels, which will improve fuel economy and enhance vehicle performance, further enhancing the durability of light and commercial vehicle parts.

This is the fourth plant Dana Holding has established in Hungary. The Hungary Investment Promotion Agency (HIPA) decided to build a new factory in the country, negotiate and select Dana Holdings, and provide them with tax incentives.

Bob Pyle, president of Dana Light Vehicle Driveline Technologies, said: "The gear manufacturing plant will support the company's business growth in the European region. Strategically, the plant's positioning with us The precise business operations in the city of Agere have enabled us to serve European customers more quickly and efficiently."

Pyle added: "We are very grateful to the Hungarian investment promotion agencies and the Hungarian government for their strong support. The company is currently enhancing the production capacity of gear products in Hungary. Dana Holding has carried out more than 10 years of business in Gyor, based on experience. Judging, we can recruit outstanding employees in the city.”

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