Europe's Largest Safety Belt Factory to Be Built in Hungary
March 4th, 2015

Europe’s largest safety belt factory is to be built in Hungary, in Sopronkövesd. Swedish manufacturer Autoliv is building its new factory here, where 700 employees 
will work in the future. A new, 15-thousand square-meter plant will be erected next to the current, 19-thousand square-meter one.

The Company Increases the Rate of Its Hungarian Suppliers

The construction is expected to be finished by 2018. The project costs HUF 11 billion; the Hungarian government provides a HUF 1.5-billion subsidy. Besides creating new jobs, Autoliv will increase the rate of its Hungarian suppliers: the rate of raw material suppliers will increase from 5 to 20 percent, and that of the machinery suppliers from 30 to 50 percent.

Autoliv Was Found in 1953

Autoliv was found in 1953 by Lennart Lindblad, originally as a car and tractor repair shop. The first seatbelts were launched in 1956. The first subsidiary of the company was established in Germany in 1959. Autoliv acquired Swedish seatbelt manufacturer to Volvo Evert Larsson Industri AB in 1979. The first airbags were launched in 1980. In 1984 the company’s sales exceeded SEK 1 billion. Autoliv’s current CEO Jan Carlson assumed his position in 2007. The company launched their first pedestrian airbag in 2012.

 

Sources: 

http://hvg.hu/kkv/20150223_Europa_legnagyobb_biztonsagiovgyara_lesz#

http://www.autoliv.com/AboutUs/Pages/CompanyHistory.aspx