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Continental Teves Magyarország lays cornerstone of HUF 3.8bn expansion

Automotive industry supplier Continental Teves Magyarország on Thursday laid the cornerstone of a HUF 3.8bn expansion at its plant in Veszprém (W Hungary).

The company will expand its base by almost 3,000sqm, installing twelve new production lines, said managing director Kai-Uwe Walther. Continental Teves Magyarország will make 220 new hires to work the lines, he added.