Mercedes to double production area in Western Hungary
Mercedes-Benz’s Hungarian plant will become one of the most significant units of the concern following an upgrade doubling production area in Kecskemét, in central Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said on Thursday.
The investment will create large numbers of jobs at the plant, where production of electric models will start next year, the foreign ministry cited the minister as saying.
Szijjártó visited Mercedes-Benz Manufacturing Hungary’s new production hall under construction in Kecskemét and presented managing director Christian Wolff with the Officer’s Cross of the Hungarian Order of Merit in recognition of his work promoting the growth of Hungary’s vehicle industry.
He said the electric car industry would clearly be the future backbone of the European economy, and Mercedes, one of its flagships, had placed Hungary in the focus of its electromobility strategy. The countries that can attract the most electric car industry investments will grow the fastest and most dynamically, he added.
Szijjártó said that Mercedes’ expanding Hungarian production capacity contributed to a large extent to “Hungary becoming one of the centres of Europe’s electric car industry, perhaps even the most significant one.”
“New production halls are being built, where the new bodywork and new assembly lines will be installed,” the minister said. “Thanks to these developments, manufacturing of the new electric models will start next year and large numbers of new jobs will be created,” he added.
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With the major investment announced last year, Mercedes, which employs close to 5,000 people in Hungary, will bring higher-end models with higher value added to the country, Szijjártó said.
Szijjártó noted that Hungary’s automotive industry, which employs 150,000 people, had output of more than HUF 12,000 billion (EUR 32.0bn) last year and 90 percent of the sector’s output is exported. So far this year, the sector’s output has grown by 40 percent, he added.
He added that German companies continue to form the largest group of foreign investors in Hungary.
Source: MTI
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1 Comment
The talk on US Sanctions is FOCUSED at this point in time on INDIVIDUALS.
We could see the United States of America exert – use its POWERS further, expanding Sanctions against Hungary that would have MASSIVE impact on the Car Manufacturing and associated industry’s in Hungary – and the quality of lives, those who are EMPLOYED.
Hungary – we know the thousands that are employed in the car manufacturing and associated industry’s.
The United States of America – this has ALL come about by 13 years of ANTAGONISM – the hate, unfriendliness – the ever present position of OPPOSITION to America – by our current Prime Minister -Victor Orban.
Orban his personal “sowing of the seeds” – in his Government, in his Political Party – Fidesz, that they just have been LEMMINGS, following the Pied Piper – that has EVENTUATED reached what we are left with to-day, the Shattered and Destroyed unworkable relationship- Hungary and the United Sates of America.
America COULD – in its Powers of Sanctions against Hungary centered on the Car Manufacturing and “associated” industry’s INTRODUCE;
“Any Motor Vehicle that has componentry in its assemble, that was produced in Hungary – under SANCTION, will not be PERMITTED to land – be Shipped to the United States of America.”
The United States – DEMOCRATICALLY – throwing that word RIGHT back in the FACE of Victor Orban, his Government, his Party Fidesz – that can RIGHTFULLT introduce this Sanction.
Victor Orban – the ANTAGONIST – 13 years in his “anti” America agenda – remembering that the Eagle, its IMPORTENCE & Significance – when in America it is incorporated in there Flag – the message of the use of an Eagle is – FREEDOM – the Power & Strength of an Eagle.
Victor Orban needs to WORRY that the Eagle – of the United States – is “crescendoing” bringing with it, the message its rightfully historically been granted, with ALL the strength that Eagles possess, leading up to an ALMIGHTY feed, and Victor Orban, will be an enjoyable Banquet.
NEVER underestimate the POWER of Democracy that FREEDOM – peoples FREEDOMS, are GRANTED.