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Government signs cooperation agreement with Johnson Electric Hungary

Automotive

Hungaryʼs government signed a strategic cooperation agreement with automotive industry supplier Johnson Electric Hungary yesterday. Johnson Electricʼs general manager for operations in Europe Laurent Cardon said the company has continuously developed its activities in Hungary since entering the country ten years ago.

Johnson Electric Hungary employs about 1,500 people at plants in Ózd and Hatvan, he added. The agreement establishes a foundation for the acceleration of developments, Cardon said, adding that the company wants to partner with more Hungarian suppliers. State secretary László Szabó said the agreement was the 61st such one signed by the government.

The number of people employed at companies with whom the government has established strategic cooperation agreements has risen by 13,000 to more than 188,000 in the past three years, he added. Last year, Johnson Electric Hungaryʼs revenue exceeded HUF 33 bln. The companyʼs parent is based in Hong Kong.

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