Mercedes-Benz invests in Hungary

WCN Editorial Team 4 May 2016 EUROPE BUILDINGS

Mercedes-Benz Manufacturing Hungary is set to expand its activities in Hungary by investing HUF185bn (€594m) in its Kecskemét factory.

The investment includes the construction of a new HUF80bn (about €265m) bodywork plant.

The project will also include the development and expansion of the company's existing capacities, with the 99,000 sq m facility due to be fitted with the latest technology.

Hungary Foreign Affairs and Trade Minister Péter Szijjártó pointed out that this is the largest investment in Hungary to be announced within the past 18 months.

Szijjártó added: "Hungary and every Hungarian can be rightfully proud of the fact that one of the world's largest and most innovative automotive industry companies has manufactured more than half a million cars in Kecskemét during the past four years."

Construction is already underway and is projected to be completed by 2018.

Kecskemét Fidesz mayor Klaudia Pataki Szemereyné said: "The new investment is a message that Mercedes, which in addition to its 4,000 direct employees also provides a living for a further 10,000 people, is also proud of Kecskemét and is not only one of the city's largest employers but is also a partner, ally and friend to the city."


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