Japanese company AGC Glass Hungary, which manufactures windshields, opened its newest production unit at its factory on Thursday in the industrial zone of Tatabánya, Central Transdanubia. The investment, totalling 3.5 bn HUF (€ 10 million), will create 140 new jobs by the end of the year.
At the inauguration, Hungarian State Secretary for Foreign Affairs and External Economic Relations Péter Szijjártó said that there are 712 automotive industry enterprises in Hungary employing over 115 thousand people and generating a production value of over HUF 18bn (€ 60 million), which constitutes 20 percent of the total production industry. 93 percent of automotive industry products are exported, and automotive industry exports make up 18 percent of total Hungarian exports.
The State Secretary added that Japanese firms had invested € 3.5bn in Hungary so far, employ 25 thousand people and contribute significantly to the performance of the Hungarian economy.
Mr. Szijjártó announced that the Government will be investing HUF 50bn (€ 158m) in building 70 training workshops across the country in the interests of reinforcing the vocational training system. He also said that the Government is planning to double the R+D fund to 700 bn HUF (€2.2 bn) within the next EU financial period.
AGC will employ a total of 730 people by the end of the year. In 2012, it achieved HUF 22bn in turnover and manufactured 14.7 million windshields in 2013. The factory in Tatabánya is the company's 3rd largest plant with regard to the number of employees and their only greenfield investment.
(Prime Minister’s Office)
