Business
Flex invests HUF 3 bn in Zalaegerszeg car part plant
The government of Hungary will extend a HUF 769 million non-repayable grant for the U.S.-owned company, Szíjjártó said. The investment will allow Flex to introduce a state-of-the-art surface treatment technology, increasing the overall supplier capacity of the car industry, which is a leading segment in Hungary, he added.
American-owned companies number 1,700 in Hungary, making the U.S. the second largest investor after Germany, Szíjjártó said.
As Flex VP János Lang pointed out at the press conference, upcoming changes in the car industry over the next five to ten years could be more revolutionary than anything in the previous 50 years. Flex acts as a driver of this process as it manufactures and supplies car parts in 34 locations in 16 countries, for more than 450 models.
Hungary, where Flex has been present for 25 years, is now the company's largest European manufacturing base.
American-owned companies number 1,700 in Hungary, making the U.S. the second largest investor after Germany, Szíjjártó said.
As Flex VP János Lang pointed out at the press conference, upcoming changes in the car industry over the next five to ten years could be more revolutionary than anything in the previous 50 years. Flex acts as a driver of this process as it manufactures and supplies car parts in 34 locations in 16 countries, for more than 450 models.
Hungary, where Flex has been present for 25 years, is now the company's largest European manufacturing base.
