Gov’t-supported investments by three Hungarian automotive suppliers announced
Fotó: Facebook/szijjarto.peter.official
Three Hungarian-owned companies, electronic components manufacturer Ajkai Elektronikai Zrt., rubber manufacturer Tauril Gumigyártó és Kereskedelmi Kft. and tooling and metalworker Titán'94 Szerszámkészítő és Forgácsoló Kft., will carry out investments at a total value of HUF 1.2 billion.
The government is providing a combined support of HUF 400 million, securing 685 jobs in Budapest, Ajka and Lőrinci, Hungary’s minister of foreign affairs and trade Péter Szijjártó (pictured in the centre) announced at a press conference earlier this week.
The investments will expand Hungary’s automotive supplier capacities, add new Hungarian-made parts to the international product supply and allow the three companies to advance to a higher supply tier.
