China’s Zoomlion has signed a 10-year lease agreement with and will relocate its operations to CTPark Tatabanya in Hungary.
On February 20, Zoomlion formally agreed to invest EUR 100 million in technology in its factory at CTPark Tatabanya, and CTP agreed to tailor the 35,000-square-meter TBN5 logistics building to meet Zoomlion’s production of high-quality and efficient scissor lifts and boom lifts. In addition, the Chinese manufacturing company will utilize outdoor areas, newly constructed service facilities, and a 20,000-square-meter testing zone.
Zoomlion Heavy Industry Science and Technology Co., Ltd. manufactures construction and agricultural machinery that has been present in Hungary since 2021.
“We chose CTPark Tatabanya as the base for our operations because CTP offers high-quality, sustainable properties and services, allowing us to fully focus on our production and logistics activities,” commented Wang Yongxiang, Co-President of Zoomlion. “We are excited to fully leverage our newly established localized factory to provide products and services to both local and European customers with greater efficiency and convenience. This strategic move will not only enhance our operational capabilities but also strengthen our service delivery in the region.”
“We are delighted to welcome Zoomlion to CTPark Tatabanya, one of the world’s leading manufacturers in its field,” said Ferenc Gondi, Managing Director of CTP Hungary. “Their addition to our tenant community marks another milestone in building partnerships with globally renowned companies. I emphasize the term partner because CTP’s strategic goal is to foster long-term collaborations, enabling mutual growth and success. CTPark Tatabanya is highly sought after by tenants due to its excellent location and position in one of Hungary’s most rapidly developing economic zones.”