Economy
AUDI Factory in Győr - (photo: Gergely Botár MTI/kormany.hu)

German Carmaker Giant AUDI Opens New Logistics Centre In Győr, Hungary

German carmaker giant Audi has inaugurated its second logistics centre, completed through investment of 10 billion forints, in the city of Győr, Northwest Hungary. The ceremony was attended by Hungarian Foreign Minister Péter Szijjártó, who said the new 80,000sqm logistics centre will handle 450 lorries’ worth of raw materials every day and create at least 500 jobs, possibly twice as many in the long run. Hungarian vehicle manufacturing industry production increased by 16 percent year-on-year to 3900 billion forints (EUR 12.4bn) during the first six months of the year; the vehicle industry is responsible for 30.4 percent of processing industry productivity, he added.

According to Audi Hungaria Motor managing director Thomas Faustmann, about 40 million euros worth of raw materials will be distributed to the company’s engine and car production divisions from the new Centre every day. Audi’s new Logistics Centre and the first one, which was completed in 2013, will enable the company to save some 3 billion euros each year, he stressed.Audi Hungarian Motor Ltd. achieved its highest ever production volume during the first half of this year with over a million engines and 84 thousand motor vehicles rolling off production lines. Revenue for the first six months of 2015 reached EUR 4.147bn, a year-on-year increase of EUR 435M. The number of people employed at the company increased by 5.3 percent to 11,342 during the first six months of the year.

Meanwhile the Central Statistical Office (KSH) has posted its latest data on Hungary’s industrial output. The report shows that the industrial sector grew at a rate of 3.4% year-on-year in July, slowing down from 11.0% in June. Adjusted for the number of workdays, industrial output also rose by 3.4% in July, slowing from a 6.0% increase in the previous month. In January-July, output was up 6.7% year-on-year. In a month-on-month comparison, output fell by 0.7%, adjusted for the number of workdays and seasonal effects. ING Bank chief analyst András Balatoni said growth was lower than expected, but added that it was too early to say whether the slowdown was the result of one-off factors or not. Takarékbank analyst Gergely Suppan said the deceleration could be temporary, adding that the base effect of a model switch at Japanese carmaker Suzuki’s plant in Hungary could support higher growth in the coming months.

via hungarymatters.hu, kormany.hu and ksh.hu photo: Gergely Botár MTI/kormany.hu