US automotive companies to invest EUR 33.5m in Hungary

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(Daily News Hungary)

American automotive companies BorgWarner and Jabil are launching investments in Hungary worth a combined 12 billion forints (EUR 33.5m) and will receive 4.4 billion forints of government support, the minister of foreign affairs and trade said on Tuesday.

Péter Szijjártó said BorgWarner is planning to invest 6.6 billion and 4.3 billion forints in two developments in Oroszlány, in north-eastern Hungary, while Jabil will complete a project in Tiszaújváros, in the north-east, worth just over 1 billion forints.

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