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Dec 17, 2020

Foreign Minister secures hundreds of jobs following Germany visit

The government has signed new investment agreements with Rosenberger and Knaus Tabber. BMW will also use its plant in Debrecen to build electric vehicles.

 

The Hungarian government has signed new investment agreements with Bavarian automotive industry supplier Rosenberger and motorhome, campervan and caravan manufacturer Knaus Tabbert, which will create and save hundreds of jobs.

Péter Szijjártó, Minister of Foreign Affairs and Trade, said Rosenberger, which employs 4,000 people in Hungary, is investing HUF 13.5 billion (EUR 38.0m) at its bases in Nyírbátor, Jászárokszállás and Jászberény. The investment, which the government is supporting with a 3.7 billion forint grant, will create 150 jobs.

Meanwhile, Knaus Tabbert will receive a HUF 500 million grant for a HUF 1.3 billion capacity expansion at its motorhome plant in Nagyoroszi, in northern Hungary. The company, which produces more than 8,000 vehicles a year, will also begin manufacturing self-driving motorhomes. Knaus Tabbert’s investment will save 400 jobs.

The minister also confirmed that German car maker BMW will use its plant in Debrecen, in eastern Hungary, as the focal point of its electric car production strategy. Minister Szijjártó said that BMW’s decision was “fantastic news”, which signalled that “Hungary will be among world leaders in the next epoch built on electric cars.” 

Photo credit: Magyar Hírlap