New Opel investment in Szentgotthárd

German car manufacturer Opel is expanding its engine factory in Szentgotthárd, southwestern Hungary. The project is worth EUR 130 million, which will create 160 new jobs and increase production space by 1600 square meters.

In the wake of the project, 80 new machines will be installed and more than 100,000 engines will be produced annually. Opel’s total investment in Hungary since 1990 therefore amounts to some EUR 1.4 billion, Opel’s Deputy President  Joachim Koschnicke highlighted. He added that Opel continues to be one of the most important strategic partners of the Hungarian economy.

He held a press briefing with Hungarian Prime Minister Viktor Orbán in Hungarian Parliament where the Prime Minister called it is unprecedented that only six months after a large-scale investment such as Opel’s engine plant, an agreement is concluded on a new project. He was of the view that this means Opel regards Hungary’s economy as predictable.

In September 2012, Opel inaugurated in Szentgotthárd a flexible engine factory worth EUR 500 million, which will create 800 jobs by 2015. In addition, it is planning to open a new diesel engine plant in the near future.