Suzuki to Invest Another HUF 9.3 Billion in Hungary

Suzuki is making a further investment of HUF 9.3 billion in Hungary, as part of which the Japanese company is expanding its production capacity and taking a major step towards the carbon neutral conversion of its Esztergom plant, this, the Ministry of Foreign Affairs and Trade informed MTI on Wednesday.

According to Minister Péter Szijjártó's announcement in Tokyo, an agreement has been reached with the automotive company on a new development that will help to safeguard Hungary's economic growth in the future, while reducing emissions in an environmentally friendly way.

Suzuki is also said to be implementing an investment at its Esztergom manufacturing base to expand its capacity, with very significant technological improvements in the areas of digitalization and automation. In parallel, they are taking another big step towards making the factory's operations carbon neutral.

The 9.3 billion HUF investment will expand the capacity of the bumper, painting and welding plants, acquire high-tech machinery and build a solar power plant. The Hungarian government will cover 20% of the investment as a subsidy.

Suzuki, traditionally the market leader in Hungary, with a share of around 12.5% last year. Its Esztergom production base is the company's third largest.

Companies from the East Asian country form the seventh largest investor community in Hungary.