Continental Automotive Industry Is Bringing Millions Of Euro In Hungary
- 20 Jan 2014 8:00 AM
Continental Automotive Hungary Ltd. is investing HUF 15 billion in its innovation and job-creation programme between the period of 2009 and 2014. The company is using HUF 2 billion of EU and government funds for the expansions and plans on creating 477 new job opportunities at two of its premises, in Budapest and Veszprem, says Vilaggazdasag business daily.
During the third quarter of 2014, production lines worth of tens of millions of euro will be installed for the new generation brake system.
Continental has recently become one of the most important investors in the Hungarian automotive sector and its Budapest premises is now a high-tech manufacturing centre.
Source: ORIGO
Words by Tímea Klincsek for XpatLoop.com
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