Govt signs strategic agreement with Schwarzmuller unit

Budapest, July 28 (MTI) – The government signed on Monday a strategic agreement with the local unit of Austrian-owned semitrailer maker Schwarzmuller.

The agreement was signed by Peter Szijjarto, the foreign affairs and trade ministry’s state secretary, and Nandor Bundschuh, Schwarzmuller’s managing director.

The vehicle industry plays an important role in the Hungarian economy’s performance, Szijjarto said, noting that its 712 companies currently employ a total of 126,900 people.

The sector’s overall production volume was 18.3 billion euros in the full year of 2013 and already amounted to 9.1 billion euros in the first five months, the state secretary said.

Wolfgang Waldner, the Austrian ambassador, said at the event that Schwarzmuller was the third Austrian company with which the Hungarian government had signed a partnership agreement. This indicates that Austrian businesses consider future prospects in the Hungarian market, he said.

Schwarzmuller employs about 540 people at its unit in Dunaharaszti on the outskirts of Budapest. The unit had revenue of 24 billion forints (EUR 78m) last year and 18 billion in the first half of 2014.

Photo: MTI – Lajos Soos

Source: http://mtva.hu/hu/hungary-matters