Linamar Hungary winds up HUF 5 bln investment

Pharma

The Hungarian unit of Canadian-owned Linamar, farm machinery and automotive parts manufacturer, today wound up a HUF 5 bln development at its plant in Orosháza (southeastern Hungary) today, Hungarian news agency MTI reported.

The project, which is expected to create 150 jobs, was supported with a HUF 1.6 bln European Union grant. According to the expectations of Hungary’s economy minister Mihály Varga, the company will raise total headcount at the plant by another 500 as of 2020.

The company was among the first in Hungary to participate in the country's new dual education system, launching hands-on training for some 140 students, Linamar vice president Csaba Havasi, in charge of the group's European businesses, said.

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