Hajdu group inaugurates capacity expansion

Automotive industry supplier Hajdu Autotechnika Ipari Zrt. inaugurated a HUF 2 billion capacity expansion and technology upgrade at its base in Téglás (245 km east of Budapest) on Friday, as reported by state news wire MTI.

The investment was supported with a HUF 480 million government grant targeted at big companies that are ineligible for European Union funding.

Hajdu Group chairman Lajos Novotni said the group completed HUF 5.4 billion of investments in 2015-2017, supported with HUF 680 mln of government grant money. The group has annual revenue of about HUF 13.5 bln and employs some 800 people, he added.

Last year, the government awarded a combined HUF 24.3 bln of grants to 35 companies that made HUF 61.5 bln of investments, said Zoltán Marczinkó, deputy state secretary for corporate relations at the Ministry for National Economy.

Since the grant programʼs launch in 2015, it has supported the creation of 1,650 jobs, Marczinkó noted. Hajdu Autotechnikaʼs investment in Téglás has created more than 40, he added.

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