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SCHEDL TO INVEST HUF 40 BN IN WHEEL ASSEMBLY CAPACITY IN HUNGARY

 

German automotive industry supplier Schedl will invest 40 billion forints (EUR 101m) in wheel assembly capacity in the Hungarian cities of Debrecen and Kecskemét, Péter Szijjártó, the minister of foreign affairs and trade, announced on Friday. Schedl will supply the local manufacturing bases of BMW and Mercedes-Benz from 2025, Szijjártó said. The state is supporting the investment, which will create 160 jobs, with 2 billion forints, he added.