Hanon Systems to expand in Hungary, create 250 new jobs

A statement by the ministry cited Szijjártó as saying that the project of the company, which manufactures vehicle parts, will include various improvements and capacity expansions, as well as comprehensive training for 200 workers.

The investment of around HUF 43 billion will be supported by the state with a HUF 5.7 billion grant, thus contributing to the creation of 250 new jobs, he said.

He noted that Hanon Systems has 53 factories in 21 countries around the world, so Hungary was in fierce competition for the investment. Winning this project is also important because Hanon Systems and other South Korean companies play a major role in boosting the performance of the domestic automotive industry, he added.

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