Swedish Company To Create 700 New Jobs In W Hungary
- 24 Feb 2015 8:00 AM
Swedish car parts maker Autoliv will create 700 new jobs through expanding its seat belt plant in western Hungary’s Sopronkövesd. The project, announced at the ministry of foreign trade, will add a 15,000 square metre facility to the company’s existing production hall by 2018.
The Hungarian government will contribute a grant of 1.5 billion forints to the project, which will cost a total 11 billion forints (EUR 36m).
Autoliv has agreed to increase the ratio of Hungarian suppliers from 5 to 20% in terms of raw materials, and from 30 to 50% in terms of machinery, Foreign Minister Péter Szijjártó said at the ceremony.
Source www.hungarymatters.hu
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