Car parts manufacturer SEWS Komponens es Elektronika Europa is investing 2.75 billion forints to expand production capacity at its base in Mór, in western Hungary, with a 960 million forint grant from the government, Péter Szijjártó, the minister of foreign affairs and trade, said on Monday.
SEWS is receiving funding from a government’s scheme to help large enterprises improve their competitiveness, and the investment will help preserve 561 jobs, Szijjártó said.
The scheme as a whole has helped 71 companies located in Hungary invest 207 billion forints and preserve 61,600 jobs, he added. The company will introduce a new product and expand production equipment in the framework of the investment project.
hungarymatters.hu
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