Construction of New Mercedes Unit in on Schedule
Photo by Giannis Papanikos / Shutterstock.com
The construction of the new Mercedes factory in Kecskemét is proceeding according to the original schedule, the Minister of Foreign Affairs and Trade said, according to kormany.hu.
Péter Szijjártó said that with the investment of around HUF 400 billion, Mercedes will double its production capacity in Kecskemét, thus Hungary will play an even more prominent role in shaping the modern automotive industry.
The new Mercedes plant will be ready to start production by the end of next year, which will make a major contribution to boosting the performance and exports of the Hungarian economy, he said.
He added that a new car body production plant and a new assembly plant will also be set up, creating new jobs.
The minister stressed that the attractiveness of Kecskemét will continue to grow and Hungary will also improve its position in the global economy.
Subsidized Credit Scheme for SMEs to Launch Tuesday
Wolfgang Puck Brings Int'l Film Industry Glamour to Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
