The investments will create 119 jobs in Orosháza and 71 in Békéscsaba, both in southeast Hungary, as well as ten in Gyöngyös, in the northeast of the country, Szijjártó was cited as saying by state news agency MTI.
Hungary competed for the investment with a number of other countries, but won Linamar over with Europeʼs lowest tax rates, the minister explained.
Linamar Hungary CEO Csaba Havasi said the investment would generate additional revenue of more than HUF 41 bln in five years. Last year, Linamar Hungaryʼs revenue reached HUF 58 bln, he added. The company employs more than 2,500 people.
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