Alcoa winds up $13 mln expansion in Hungary

Pharma

U.S.-based aluminum company Alcoa today inaugurated a $13 mln expansion at its wheel plant in Székesfehérvár in norwestern Hungary with the help of a $4.4 mln government grant, Hungarian news agency MTI reported today.

As previously outlined, the investment will create 35 new jobs.

At the inauguration ceremony, Hungary’s foreign minister Péter Szijjártó said that approximately 1,750 American companies currently operate in Hungary and employ about 90,000 people. Colleen Bell, the U.S. ambassador to Hungary, said the expansion underpins the strong trade ties between the two countries.

ADVERTISEMENT

17% of homeowners plan renovations this year Analysis

17% of homeowners plan renovations this year

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.