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F. SEGURA TO INVEST HUF 4.2 BN IN UPGRADE, EXPANSION IN HUNGARY

 

Spanish-owned automotive industry supplier F. Segura Hungaria will invest 4.2 billion forints (EUR 13.3m) in upgrades and added capacity at its base in Szolnok, central Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said. The government is supporting the investment, which will create 80 jobs, with a 1 billion forint grant, Szijjártó said. He called the investment significant for the Hungarian automotive industry, noting that F. Segura Hungaria will be a supplier of the local plants of Audi and Mercedes and later to the new plant of BMW and the engineering centre of Jaguar.
Company chairman Francisco Segura Hervas said the investment would include establishing a cloud-based solution to aggregate intelligent devices. “We’re living in the age of the fourth industrial revolution” and digital strategies will determine who is successful in future, he added.