Japan’s Denso inaugurates EUR 55m logistics centre in Central Hungary
Japanese automotive industry supplier Denso inaugurated a 18.5 billion forint (EUR 55m) logistics centre at its Hungarian base in Székesfehérvár, in central Hungary, on Friday.
The company received a 1.5 billion forint grant from the Hungarian government to the project, Péter Szijjártó, the foreign affairs and trade minister, said at the ceremony.
He noted that Denso is the world’s third largest automotive supplier present in 35 countries employing over 4,000 people in Hungary.
Japan is the second largest Asian investor in Hungary with 160 businesses operating in the country and employing over 33,000 people, the minister said.
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
What happened today in Hungary – 26 July, 2024
Drama: number of births in a 20-year low in Hungary
Yay or nay? – 6 odd Hungarian delicacies that make our skin crawl
Budapest tourism “exploded” this past weekend
Container transport in Budapest may stop: How will this affect Hungarian economy?
Minister: Hungary will protect its territory by every means possible