• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Sennebogen groundbreaking ceremony held in HungarySennebogen groundbreaking ceremony held in HungarySennebogen groundbreaking ceremony held in HungarySennebogen groundbreaking ceremony held in Hungary
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
  • EU rapporteur: Hungarian secret services have been leaking to the Russians for years – UPDATED

Support us
Daily News Daily News · 01/10/2019
· Business

Sennebogen groundbreaking ceremony held in Hungary

economy Foreign Affairs Ministry of Hungary Germany Hungary industrial investment
Litér Sennebogen groundbreaking ceremony in NW Hungary

Litér, Hungary. Photo: MTI

Termelés-Logistic-Centrum (TLC), which makes steel parts for the material handling equipment manufactured by German parent Sennebogen, laid the cornerstone of a 10 billion forint (EUR 3m) plant in Litér, in north-western Hungary, on Monday.

The government has provided a grant of 1.27 billion forints to support the project, which will create 80 jobs, Foreign Minister Péter Szijjártó said at the ceremony.

In his address, Szijjártó called

Hungary a “winner in a new epoch of the global economy”.

He argued that Hungary had broken investment records in each of the past five years, partly due to the country having “the most competitive labour force in Europe”.

Szijjártó said that

Hungary is one of 35 countries in the world with annual exports exceeding 100 billion euros, and noted full employment in the country as a “serious achievement”.

TLC owner Walter Sennebogen said production at the plant is expected to start at the end of next year.

TLC employs 550 workers at a base in Balatonfüred, on the northern shore of Lake Balaton. The company had net revenue of 33.8 billion forints last year.

  • The end of the golden era on the Hungarian real estate market
  • Site of EUR 1 bn plant in Hungary handed over to BMW

Source: mti

economy Foreign Affairs Ministry of Hungary Germany Hungary industrial investment
Share
Daily News
Daily News

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • VIDEOS: Hungarian star singer sang ‘gangster song’ to Hungary’s justice minister on concert
  • New historic low: Hungarians receive way lower minimum wage than Romanians
  • Minister: Hungary does not support a uniform Europe
  • Direct flights may commute between Budapest and two Asian countries soon
  • PHOTOS: Hungary team rescues 12 from beneath Türkiye earthquake rubble, Wizz Air brings help – UPDATED
  • Polish official: despite disagreements, Polish-Hungarian cooperation is important
  • Central and Eastern Europe’s largest virtual film studio to be built in Hungary
  • Hungarian scholar won EUR 2m for groundbreaking research

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V