French car parts manufacturer Le Bélier is investing 8 billion forints (EUR 25 million) in its new unit in Ajka, West Hungary.
The Hungarian government and Le Bélier signed a strategic partnership agreement on Tuesday.
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Although Le Bélier is a middle-sized company, it has approximately 500 small and medium-sized Hungarian suppliers, Parliamentary State Secretary of the Ministry of Foreign Affairs and Trade László Szabó said.
Le Bélier is the sixth French company which have signed a strategic agreement with the government. László Szabó emphasised that the company has been manufacturing world-class, high-tech products in Hungary for twenty years.
Besides Le Bélier, more than 400 French companies are based in Hungary, and they are hiring 52 thousand employees in total, the Parliamentary State Secretary said.
(MTI / Ministry of Foreign Affairs and Trade)
