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Schedl to invest HUF 40 billion in wheel assembly capacity

German automotive industry supplier Schedl will invest 40 billion forints (EUR 101m) in wheel assembly capacity in the Hungarian cities of Debrecen and Kecskemet, Peter Szijjarto, the minister of foreign affairs and trade, announced on Friday.

Schedl will supply the local manufacturing bases of BMW and Mercedes-Benz from 2025, Szijjarto said. The state is supporting the investment, which will create 160 jobs, with 2 billion forints, he added.

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