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Le Belier to invest HUF 8 bln in Hungary

Automotive

French automotive industry supplier Le Belier today announced it would invest HUF 8 bln in the city of Ajka, western Hungary, with Hungarian state and EU support of HUF 507 mln being allotted for the first phase, Hungary’s foreign minister Péter Szijjártó said in Budapest today.

Szijjártó added that negotiations between the government and the firm are already under way regarding the second phase of the investment.

The project, which is based on orders for one of the largest German car manufacturers, is expected to create 100 jobs.

Franceʼs Le Belier group signed a strategic cooperation agreement with the Hungarian government in January of this year, the groupʼs regional CFO Tibor Skobrak noted.

Le Belier makes molded aluminum safety components for cars.

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