Takata's 68 million euro investment in Miskolc is an example of how the northeast Hungarian city is once again becoming an industrial and economic centre, Prime Minister Viktor Orbán state on Wednesday at the foundationstone-laying ceremony for the Japanese car supplier's new plant.
He noted that the investment by the supplier of safety equipment, primarily air bags, has been the most significant since the Mercedes Kecskemét plant three years ago, creating around a thousand jobs.
The prime minister said that 2010, when the current government came into power, had marked the "second regime change". He called this the "change in economic system". A new industrial revolution has started in the country, Prime Minister Orbán insisted. Not only are there assembly plants but value-added businesses based on innovation are making it a high-tech centre, he added.
The company's chief executive, Shigehisa Takada, said Hungary had been chosen as the site of the plant from several alternatives because of its developed infrastructure, strong industrial background, availability of skilled workers and good technical universities. He expressed Takata's appreciation for Hungary's support for the project.
(Prime Minister's Office)
