Thyssenkrupp Tops out HUF 15 bln Expansion in Hungary
Minister of Foreign Affairs and Trade Péter Szijjártó (right), Thyssenkrupp CEO Marc De Bastos Eckstein (left), and Fidesz MP János Pócs (center) at the topping out ceremony for the expansion of Thyssenkrupp's factory in Jászfényszaru.
Photo by Tibor Illyés/MTI
Germany's Thyssenkrupp topped out a HUF 15 billion expansion at its power steering systems plant in Jászfényszaru (52 km east of Budapest) on Thursday, according to a report by state news wire MTI.
The state is supporting the investment, that will create 110 jobs, with HUF 4.7 billion, Minister of Foreign Affairs and Trade Péter Szijjártó said at the ceremony.
He noted that steering systems produced in Hungary are used in 109 countries around the world. The country is the fifth-biggest exporter of electro-mechanical steering systems, he added.
Szijjártó said some 6,000 German-owned companies employ around 300,000 people in Hungary.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
