Hungary, ThyssenKrupp sign partnership agreement

Automotive

The Hungarian government and Germany-based conglomerate ThyssenKrupp AG have signed a strategic partnership agreement.

The Hungarian subsidiary of the German company has six units here employing a total of 1,000 people and had EUR 500 million in revenues last year, Marc de Bastos Eckstein, executive manager of ThyssenKrupp Presta Hungary said after signing the agreement, according to a report by Hungarian news agency MTI.

ThyssenKrupp is a world leader in producing axles for electric cars, Minister of Foreign Affairs and Trade Péter Szijjártó said at the ceremony.

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