Samsung SDI Expands Battery Plant Near Budapest

  • 11 Oct 2019 8:50 AM
  • Hungary Matters
Samsung SDI Expands Battery Plant Near Budapest
Samsung SDI will carry out a 390 billion forint (EUR 1.17m) expansion of its battery plant in Göd near Budapest, creating 1,200 new jobs, Foreign Minister Péter Szijjártó announced.

The state will provide non-refundable support for the project, though the amount cannot be revealed pending approval by the European Commission, he said.

The sum reflects the size and significance of the investment, he added. Thanks to the investment project, Hungary will secure its place as one of the top cities for European car production in the new era of car manufacturing, he said.

MTI Photo: Mónus Márton

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