The Hungarian government is supporting the project to install new equipment, renovate a production hall approximately 4,000 sqm in size, build a new warehouse and expand production, with a HUF 1.7 bln investment.
German Continental Group is the world’s largest automotive supplier, and the automotive sector is the “flagship” of the Hungarian economy, hence the Hungarian governmentʼs support, Szijjártó said, according to the ministry’s report.
Continental Group employs 200,000 workers around the world, with approximately 7,000 employees in Hungary, said László Jókay, the CEO of Contitech Hungária Kft.’s plant in Nyíregyháza.
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