Budapest, July 20 (MTI) – The government signed a strategic cooperation agreement with automotive industry supplier Johnson Electric Hungary on Monday.

Laurent Cardon, the Hong Kong based company’s general manager for operations in Europe, said Johnson Electric has continuously developed its activities in Hungary since entering the country ten years ago. The company now employs some 1,500 people at its plants in Ozd and Hatvan, he added.

Laszlo Szabo, the foreign ministry’s parliamentary state secretary, said Johnson’s objectives of turning out a wide range of products mostly for exports and building on Hungarian workforce in the long term were in line with the Hungarian government’s strategy.

He noted that this is the 61st strategic agreement the government has concluded over the past three years. These partner companies employ more than 188,000 people, he said.

Photo: MTI

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