The state is supporting the investment, that will create 110 jobs, with HUF 4.7 billion, Minister of Foreign Affairs and Trade Péter Szijjártó said at the ceremony.
He noted that steering systems produced in Hungary are used in 109 countries around the world. The country is the fifth-biggest exporter of electro-mechanical steering systems, he added.
Szijjártó said some 6,000 German-owned companies employ around 300,000 people in Hungary.
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