Sicta group inaugurates €4 mln expansion at Felsőzsolca facility

The Sicta group, a supplier for the automotive industry, opened a €4 million office and warehouse building at its Felsőzsolca facility today, according to Hungarian News Agency MTI.

Another €12 mln will be invested in the facility in the upcoming four years, said Sicta group Chairman Andre d’Ales, who added that 50 additional employees will be recruited by the end of the year.. He went on to praise developments in the Hungarian automotive industry.

The Felsőzsolca facility is now the Sicta group’s most important, following the expansion of production areas and increase in staff over the last nine years, d’Ales said, according to MTI.

An investor-friendly policy and tax environment, a highly educated labor force, and government support programs attracted the Sicta group to Hungary in the mid-2000s, d’Ales added. The facility was constructed near the Miskolc University, he noted.

Felsőzsolca offers businesses a fair economic environment to develop through partnerships with local educational institutions as well as government support, said National Economy Minister Mihály Varga, according to MTI.

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