MAPI Magyar Fejlesztési Iroda Zrt and Duvenbeck IMMO Logisztikai Kft are building a logistics center adjacent to Daimler's new factory in Kecskemét, east Hungary, business daily Napi Gazdaság reports.
Duvenbeck has won HUF 250 million in state and EU grants to support the investment, which is hoped to create 200 new jobs within the next two years. The project, which includes a 14,000-sqm logistic center and a 5,800-sqm factory, will cost HUF 720 million.
Duvenbeck said it has signed a 3-year contract with Mercedes for warehousing and component supply. The factory is scheduled to go online early September this year, to be followed by a 9,000-sqm warehouse extension by December 2012.
Duvenbeck is also applying for a HUF 100 million in EU grants to buy machinery worth HUF 621 million. By the end of this year, the company plans to hire 70 staff.
Set up in 2003 as a fully Hungarian-owned company, MAPI is one of the largest investment consultancy firms.