Péter Szijjártó, Hungary’s minister of foreign affairs and trade, on Thursday signed an agreement with the heads of Schneider Electric concerning an upgrade of the electronics company’s plants in Hungary.
Szijjártó told MTI in Paris that the developments will affect Schneider’s plants in Zalaegerszeg, in south-western Hungary, Gyöngyös, in the north, and Kunszentmiklós, in the east. The Hungarian government is supporting the projects, worth a combined 4.5 billion forints (EUR 12.6m), with a grant of 600 million forints, the minister said. As part of the scheme, Schneider will set up one of its European purchasing centres in Budapest, creating more than 100 new jobs, he added. Production and services are served well in Hungary thanks to low taxes, good infrastructure and political stability, Szijjártó said.
The minister also met leaders of the Peugeot Group which operates Opel’s one-time factories in Hungary. Peugeot is planning major changes following its merger with Fiat Chrysler, aiming to form the world’s fourth largest automotive conglomerate. He said the company’s leadership should be aware of Szentgotthárd’s highly competitive and efficient production legacy, adding that a new generation of engines started production at the plant this year, with 350,000 turned out every year. “There’s room to expand this number,” he said, adding that the government wants Szentgotthárd to continue to be an important production base for the new automotive company.