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.

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