The Hungarian subsidiary of German automotive manufacturer Schaeffler is planning to invest HUF 25 billion at its Hungarian plant in Debrecen, Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó announced yesterday, according to reports.
The Hungarian government is supporting the investment with a HUF 4.5 billion grant, and the expansion is expected to create 510 new jobs in Hungary, the minister said, according to Hungarian news agency MTI.
With the investment the Hungarian plant will be expanded and new technology will be installed, Péter Szabó, the CEO of Fag Magyarország Kft. said.
The project is scheduled to wind up by 2017, Rainer Lindner, the regional CEO of Schaeffler for CEE said.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
