With a total investment of EUR 700 million, high-tech manufacturing facilites will be established in Békéscsaba, Hungary by 2033. Vulcan Shield Global (VSG) aims to create 2,500 new jobs. The Hungarian government is supporting the investment of Singapore-based VSG with HUF 49 billion (EUR 125 million) in state aid.
VSG is recognized as a specialist in advanced ceramic and aluminum fiber products, known for their exceptional heat resistance. The company currently operates production facilities in China’s Guangxi province. Its diverse range of products is used across multiple industries, including automotive, aerospace, energy, and more.