In Orosháza, at the opening ceremony for presenting the expanded production facility and new machinery of Linamar Hungary Ltd, a subsidiary of the Canada-based Linamar Corporation, Minister for National Economy Mihály Varga announced that the investment project will create 150 new jobs.
The new facility, which will produce agricultural machinery and car industry components, was ceremonially opened by Mihály Varga and Canada’s Ambassador to Hungary Lisa Helfand.
Mihály Varga called attention to the fact that Canada is a key economic partner for Hungary and we receive the largest amount of Canadian FDI within the Central and Eastern European region.
As the Minister stressed Linamar Ltd, which has several production sites in the Southern Great Plain region, has received non-refundable EU grants of some HUF 1.6bn and the HUF 5bn project will create 150 new jobs in the town. Speaking about the company’s role as one of the economic growth engines of the region, Mihály Varga emphasised that the enterprise employs more than 2000 people and through 1500 Hungarian suppliers it has generated several thousands of other jobs. In addition, the company has been an active partner in developing the dual vocational training system through which it does not only supply the skilled labour force it requires but assists the development of the Government’s new vocational training system.
As far as the 2014-2020 EU fiscal period is concerned, the Minister pointed out that the Government is determined to maintain the momentum Hungary’s economy has achieved in 2014. The country stands a good chance in this regard, he added, as EU funding to Hungary – including own funds – will total HUF 12 000bn over the next seven years.
(Ministry for National Economy)
