Szijjártó: Kecskemét to see HUF 10 bln in automotive industry investments
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.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
