Mercedes will invest 1 billion euros in the construction of a new plant in Hungary

Mercedes will invest 1 billion euros in the construction of a new plant in Hungary

August 3, 2016 0 By autotimesnews

Mercedes-Benz will build the Hungarian Keshkemeti second factory to produce cars.

The plant, which will start producing cars at the end of this decade, will create 2,500 new jobs.

The cost of investment in the project – 1 billion euros. This is the second time this year, the German company announced investments in Hungary.

In particular, this spring the company announced its decision to invest 580 million euros in the modernization of existing plant in Keshkemeti that produces compact cars.

The plant operates in Keshkemeti since 2012. During this time from his lines out more than 500 thousand vehicles.