Government concluded strategic agreement with Swedish giant
Hungary’s government has concluded a strategic cooperation agreement with Autoliv, the world’s largest automotive safety supplier, Péter Szijjártó, Hungary’s minister of foreign affairs and trade, said on Thursday.
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The agreement will help maintain the rate of economic growth and strengthen the position of Hungarian suppliers, he said. Stockholm-based Autoliv is the 91st corporation to sign a strategic cooperation agreement with the government. These companies, taken together,
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employ 193,000 Hungarian workers, 15,000 more than they did when they signed the agreement,
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Szijjártó said.
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Autoliv manufactures active and passive automotive security systems and accessories. In 2020 it had a share of 42 percent in the global production of airbags, 44 percent in safety belts and 37 percent in steering wheels. It is a supplier of all major car manufacturers of the world, and operates 64 plants in 27 countries.
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Szijjártó said that Hungarian-Swedish trade turnover increased by 18 percent last year, and Swedish investment in Hungary came close to 800 million euros.
Source: MTI
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