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Sanmina will be developing its existing plant in Tatabanya by 2022 with an investment of 6.2 billion forints (EUR 19,5 million); the Government is contributing 1.2 billion forints (EUR 3.7 million) in non-returnable funding towards the project.
At the press conference in Budapest on Thursday to announce the investment by the American electronic equipment manufacturer, Minister of Foreign Affairs and Trade Pter Szijjrt justified the state contribution with the fact that the project will also create 220 high added value workplaces within the next few years. The Minister said the fact that yet another innovative automotive industry investment is being brought to Hungary by one of the worlds most important suppliers, which operates 75 plants in 25 countries and employs 47 thousand people, is another success story for the Hungarian economy.
The Minister stressed that together with the conditions for economic success, the conditions of economic competition have also...