Prime Minister Viktor Orbán and Vice Chairman & CEO of Hankook Tire Seung-Hwa Suh held negotiations in the Parliament.

Seung-Hwa Suh Vice Chairman & CEO announced that 313 million euro investment will be made between 2013 and 2015 and with this sixth enlargement the current production of 12 million will rise above 17 million. Furthermore, 950 new employee will start working at the factory, so it will continue its production with 3300 people. The Vice Chairman & CEO drew attention to the fact that tires produced in Hungary are used all over in Europe, adding that due to the active governmental support, the inhabitants of Rácalmás and Dunaújváros as well as the diligence of employee the factory has been operating stably since its establishement.

Prime Minister Victor Orbán declared that Hankook has clear and long-term plans while the Hungarian government has a clear vision of the country’s future and the contents of these views overlap each other. The Prime Minister said that the Hankook tires are produced with maschines that cannot be transferred day after day, emphasizing that the presence of Hankook is based on a long period.

Referring to the statements of the Vice Chairman & CEO the Prime Minister remarked that the Hankook opted for Hungary because of its geographical location, the Hungarian skilled workers and the possibility of cooperation with the government. The current announcement of further investment is a proof that both the governmental program of reindustrialization is working and Hungary has a much greater potential in the world economy than it has been realized until now, so this is why Hungary has to find allies to realize this hidden potential cooperating with others as soon as possible, he said. The Prime Minister expressed his hopes that Hungary’s economic and industrial presence would gradually increases and praised the corporate culture of Hankook. At the end of the event the Prime Minister and the Vice Chairman & CEO signed a partnership agreement.

(Prime Minister's Office)