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Hungarian companies to build most of Daimler plant

Hungarian companies have won contracts to carry out most of the construction of a €800 million plant German car maker Daimler is building in Kecskemét, south of Budapest, Daimler's project manager for the investment Frank Klein said on Tuesday.

The foreign companies that won contracts in the project have farmed out more than 90% of the work to Hungarian contractors, Klein said.

Daimler has signed contracts with 17 Hungarian suppliers to the plant, so far. Ten suppliers are expected to set up bases at the plant site in Kecskemét, Klein said.

Construction of the plant is proceeding as scheduled, Klein said.

The plant has already hired almost 260 people, including about 160 Hungarians, who are being trained. By the end of the year, the plant will have hired 700 people.

The plant will start serial production of Daimler's A- and B-class compact models in 2012. It will employ about 2,500 people. (MTI-ECONEWS)