Automotive industry supplier Csaba Metál on Thursday inaugurated a 5.7 billion forints (EUR 18.2m) expansion to its bases in Békéscsaba and Szeghalom (SE Hungary).
The investment was supported by a HUF 1.3bn government grant, Foreign Minister Péter Szijjártó said at the inauguration. The two new production halls have a combined area of 7,500 sqms. The investment created 165 new jobs, he said.
The government will award Csaba Metál another 1.3 billion forints grant for a further 3.7 billion planned investment, he added.
Csaba Metal counts Jaguar, Audi and Mercedes among its business partners.
CEO and owner Bála Majoros said the company targets a revenue close to 18 billion forints this year. The headcount now stands at 980, he added.
As we wrote yesterday, Japanese battery manufacturing specialist GS Yuasa is constructing its first factory in Europe in Miskolc’s southern industrial park; the foundation stone of the new facility, which will be completed by 2019, was laid. Read more HERE.