Investment by Mitsuba establishes 150 Jobs in Salgótarján

Investment by Mitsuba establishes 150 Jobs in Salgótarján

hipa Hungary - Mitsuba Intelligent Reversing

The Japanese automotive company which celebrates seventy years of tradition this year and which specializes in manufacturing automotive electronics products has delivered its newest plant in the Nógrád county seat. Due to the enlargement that is worth EUR 13.52 million (approximately HUF 4.3 billion), 150 new jobs will be created. The investment which has been realised in cooperation with the Hungarian Investment Promotion Agency (HIPA) received a contribution from the Hungarian Government in the amount of HUF 850 million.

This spring Mitsuba Automotive Systems Europe Kft. which has been present in Hungary since 2001 and which has been engaged in manufacturing wiper motors and cleaning fluids launched the expansion of its existing business premises in Salgótarján. The customers which purchase parts manufactured by the Japanese automotive supplier include, among others, Audi, Honda, Nissan, Suzuki and Volkswagen.

Within the framework of the investment, the existing production hall and the warehouse will be nearly doubled in size, and the logistics systems and production lines will be improved. In addition, further technological improvements can be expected, and, in the future, new manufacturing and assembly lines will be put into operation as well. As a result of the investment, the proportion of the Hungarian suppliers may increase from the current 18% to 25%.

Dr. László Szabó Deputy Minister of Foreign Affairs and Trade stressed: by today, Japan has become the largest greenfield Asian investor in Hungary, and among the non-European countries it is Hungary's second largest investor. Today, there are approximately 150 Japanese companies established in Hungary, of which 47 have manufacturing capacities as well. These companies have implemented investments in the total value of USD 4.5 billion and employ more than 25,000 people.

HIPA is currently managing four active investment projects associated with Japanese investors which are pending a decision. If all the projects with the currently known parameters are implemented in Hungary, a total of 1,290 new jobs will be created by the investment, and, thereby, approximately EUR 170.6 million will be invested.