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Lufthansa Technik AG
Lufthansa Technik AG today initiated the establishment of a new site for the repair and overhaul of aircraft engine parts. Dubbed Lufthansa Technik Miskolc, a new fully-owned subsidiary of Lufthansa Technik AG will commence operations until 2022 and will utilize around 20,000 square meters of production space. Customers of Lufthansa Technik´s Engine Parts & Accessories Repair (EPAR) network will greatly benefit from this extended production capacity.
In the long term, Lufthansa Technik Miskolc will employ around 400 employees. Investments in the triple-digit million-euro range will hence not only encompass state-of-the-art machinery for procedures such as cleaning, thermal spraying and heat treatment of engine parts, but also an extensive training and qualification program.
"I am honored that a world-renowned company such as Lufthansa Technik is expanding its presence in Hungary," said Péter Szijjártó, Hungary´s Minister of Foreign Affairs and Trade. "On the one hand, this decision once more proves the attractiveness of our business location. On the other hand, it also recognizes the enormous commitment of the people in Miskolc."
"As the fourth-largest city in Hungary, Miskolc offers a great number of highly-qualified technical experts and moreover a good infrastructure", added Philip Mende, Head of Engine Parts and Mobile Engine Services at Lufthansa Technik. "We look forward to building Lufthansa Technik Miskolc together and adding the new colleagues to our worldwide network."
"For technology companies, Miskolc has already proven to be a great place to invest in," said Dr. Ákos Kriza, Mayor of Miskolc. "We are honored to welcome Lufthansa Technik in our city and we are going to justify their trust with the same outstanding support that has already fostered many business success stories here before."
Construction at the new site is planned to begin in 2021. Training and qualification courses for its employees will already begin in 2019 and will partly take place at the existing sites of the EPAR network in Germany, Ireland, Malaysia, China and the USA. With more than 20,000 part numbers and over 1,500 employees, Lufthansa Technik´s EPAR network today is the largest OEM-independent provider for repairs and overhauls of aircraft engine parts. By investing in the new location, EPAR is further strengthening its market position and expanding its repair portfolio for entering the new engine generation.