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István Pintér said the pandemic had accelerated capacity expansions and technology upgrades, be they ones fully funded by companies or supported by government stimulus. He added that many automotive industry companies had become better positioned to take advantage of the changed economic environment post-pandemic.
Pintér, who is also chairman-CEO of majority state-owned automotive industry company Rába, said his own firmʼs order book is "practically full." MAGEʼs more than 60 members include Audi Hungaria, Magyar Suzuki and Mercedes-Benz Manufacturing Hungary. They account for about 80% of the sectorʼs output and 90% of its investments.