All of Robert Bosch Power Tool’s products bound for markets to the east will start from the new center, Minister of Foreign Affairs and Trade Péter Szijjártó said.
He noted that Bosch had signed a strategic agreement with the government of Hungary more than a decade earlier. The company employs around 18,300 locally, he added.
Szijjártó said Hungary needed to take advantage of its geographical position at the crossroads of delivery corridors between Southeastern Europe and Western Europe.
Hungary’s logistics sector employs 290,000 people, he noted. Szijjártó also said that agreements had been sealed last year on bringing investments with a value of more than EUR 10 bln to Hungary.
Those projects will create 18,500 jobs, he added.
In a statement, Bosch Magyarorszag said the 100,000 sqm automated logistics center would have the capacity to ship as many as 204,000 pallets of goods a year, with deliveries bound for 26 countries. The investment was supported by around HUF 7 bln from the government.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
