Szijjártó: Kecskemét to see HUF 10 bln in automotive industry investments

Pharma

Two new automotive industry investments with a combined value of HUF 10 billion are being launched in Kecskemét, Minister of Foreign Affairs and Trade Péter Szijjártó told Hungarian news agency MTI after talks in Stuttgart on Friday.

The two companies manufacture car parts, and one will expand capacity while the other will make a green field investment, Szijjártó said, without revealing the companiesʼ names. The investments will create 160 jobs, he added. 

Szijjártó promised the  announcement of more details within a month. 

Szijjártó met with Daimler chairman Dieter Zetsche and board member for production and supply chain management Markus Schafer in Stuttgart. 

He said Daimler is satisfied with its operation in Hungary and sees the country as a long-term partner. 

The sides agreed to try to expand and develop their cooperation, he added. 

Hungaryʼs government is launching big energy and road infrastructure projects in Kecskemét and the region, and it is strengthening its cooperation with Daimler in the areas of education and research, Szijjártó said.  

Daimler opened its €1 bln plant in Kecskemét in the spring of 2012. It started making compact B-class models, but added the CLA coupe to the product palette in 2013 and the CLA shooting brake in 2015. More than half a million vehicles have rolled off the line at the plant.

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