FM: Hungarian companies are increasing their market shares abroad

Péter Szijjártó, Minister of Foreign Affairs and Trade, on Monday inaugurated an 800 million forint (EUR 2.1m) capacity expansion at car-parts manufacturing plant Autoflex-Knott, and said Hungarian companies were increasing their market shares abroad.
At the ceremony held at the plant in Kecskemet, in central Hungary, Minister Szijjártó said the investment would allow the plant to produce parts of higher performance and so expand the company’s share of the European and American markets. The government supported the investment with a 400 million forint grant, a ministry statement cited Minister Szijjártó as saying. Minister Szijjártó said the investment would also bring about further training of the workforce and foster greener, energy-saving solutions.