Harro Höfliger, which makes machinery for the pharmaceutical industry, inaugurated this Friday a HUF 6 billion capacity expansion at it base in Debrecen (E Hungary). The expansion is expected to create over a hundred jobs.
The site is the company's second biggest outside Germany. A quarter of the investment costs is covered by Hungarian taxpayers through support in the form of a HUF 1.5 billion government grant.
The company will launch a big supplier development programme so local SMEs will also benefit from the investment, according to the Ministry of Foreign Affiars and Trade. It will closely cooperate with the University of Debrecen and the local vocational training center in training young people.
As minister Péter Szijjártó noted at the inauguration ceremony, Germany remains Hungary's number one trade partner. Bilateral trade has reached an annual EUR 70 billion and the value of German investments in Hungary is around EUR 37 billion. Over the past decade, the government supported 324 large German investment projects worth a combined HUF 3,800 billion with HUF 400 billion.
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