The Hungarian-owned company Qualitative Production Gépipari és Kereskedelmi Zrt. is expanding its Győr metalworking and assembly plant by virtue of an investment worth HUF 6.2 billion, and will thereby create 120 new jobs, Minister of Foreign Affairs and Trade Péter Szijjártó announced at a press conference.
He added the government will provide a non-repayable grant of HUF 1.5 billion, and with this development the Hungarian-owned company is taking the last step towards becoming Audi’s Tier 1 automotive industry supplier.
Mr Szijjártó pointed out that the automotive industry project now announced is the fourth one of the week, and recalled that Audi is creating a research and development centre in Győr, Continental is in the process of creating 450 new jobs in Debrecen with a greenfield project, while Rehau-Automotive will create 727 new jobs in Újhartyán and Győr.
He remarked that this, too, indicates that the growth of the Hungarian economy is based on a healthy structure of cooperation between Hungarian businesses and international companies which find a good investment environment here.
Mr Szijjártó said the automotive industry is the Hungarian economy’s flagship: last year the Hungarian automotive industry accounted for 28.7 per cent of the country’s total industrial output. Last year the Hungarian automotive industry entered into a new phase of economic history: for the first time, its total output exceeded HUF 8,000 billion, and it clearly testifies to its international competitiveness that it exported 91.8 per cent of its production.
The number of people working in the Hungarian automotive industry, too, broke a record as at the end of last year 175,765 people worked in the automotive sector in Hungary, the Minister said.
Mr Szijjártó highlighted that without the increase of the Hungarian automotive industry it would not have been possible to break yet another record in Hungarian exports. Already based on the data of the first eleven months in 2017, Hungarian exports were higher than the 2016 record. The question is whether last year’s Hungarian exports will reach EUR 100 billion, the Minister of Foreign Affairs and Trade added.
Ferenc Bogisich, Chief Executive of Qualitative Production Gépipari és Kereskedelmi Zrt. stressed that the company established 25 years ago had continuously expanded and had developed its infrastructure and technology.
The company announced that they would build a third production facility in Győr. The six-thousand-square-metre production facility will be implemented as a greenfield project and will be equipped with technology designed in the spirit of the industry 4.0 concept. Upon the completion of the capacity enhancing development, their total production area will exceed 12,000 square metres.
(Ministry of Foreign Affairs and Trade/MTI)
