Swedish car parts manufacturer Autoliv will create 700 new jobs through expanding its seat belt plant in western Hungary’s Sopronkövesd. The project, announced at the ministry of foreign trade, will add a 15,000 square metre facility to the company’s existing production hall by 2018.
The Hungarian government will contribute a grant of 1.5 billion forints to the project, which will cost a total 11 billion forints (EUR 36m). Autoliv has agreed to increase the ratio of Hungarian suppliers from 5 to 20% in terms of raw materials, and from 30 to 50% in terms of machinery, Foreign Minister Péter Szijjártó said at the ceremony.
Autoliv is a Swedish-American company with headquarters in Stockholm. It develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures Autoliv has over 80 facilities with 59,000 employees in 29 countries. Autoliv has a factory in Hungary since 1993 and it provides jobs to almost 1800 people in the region of Sopron.
via hungarymatters and kormany.hu photo: Csaba Krizsán – MTI