Szijjarto inaugurates HUF 800 million investment at car-parts plant
Foreign Minister Peter Szijjarto on Monday inaugurated an 800 million forint (EUR 2.1m) capacity expansion at car-parts manufacturing plant Autoflex-Knott, and said Hungarian companies were increasing their market shares abroad.
At the ceremony held at the plant in Kecskemet, in central Hungary, Szijjarto said the investment would allow the plant to produce parts of higher performance and so expand the company’s share of the European and American markets.
The government supported the investment with a 400 million forint grant, a ministry statement cited Szijjarto as saying.
Szijjarto said the investment would also bring about further training of the work force and foster greener, energy-saving solutions.
