Over 2 million euro expansion of Autoflex-Knott handed over

Foreign Minister Péter Szijjártó 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 Kecskemét, in central Hungary, Szijjártó 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 Szijjártó as saying.

Szijjártó said the investment would also bring about further training of the work force and foster greener, energy-saving solutions.