BUDAPEST: The Canadian-owned Hungarian unit, Linamar which is the farm machinery and automotive parts manufacturer has launched a HUF 5 billion investment in Oroshaza in south eastern Hungary.
The project, which is expected to create 150 jobs, was supported with a HUF 1.6 bln European Union grant. According to the expectations of Hungary’s economy minister Mihály Varga, the company will raise total headcount at the plant by another 500 as of 2020.
The company was among the first in Hungary to participate in the country’s new dual education system, launching hands-on training for some 140 students, Linamar vice president Csaba Havasi, in charge of the group’s European businesses, said.