Japan's automotive titan, Suzuki, is gearing up to significantly amplify its investment in Esztergom, located in northern Hungary CEE, bolstered by a grant of HUF 1.9 billion (EUR 4.88 million) from the Hungarian government. This was formally declared by the Minister of Foreign Affairs and Trade, Péter Szijjártó, during his visit to Tokyo.

With an investment blueprint outlining HUF 9.3 billion (approximately EUR 24 million), Suzuki plans to augment its production capabilities in Hungary. Furthermore, it's poised to make meaningful strides towards transforming its Esztergom facility into a carbon-neutral operation.

The minister accentuated that this collaboration with Suzuki heralds not only economic expansion for Hungary but also resonates with the nation's commitment to sustainable practices by minimizing environmental emissions.

In his statement, Szijjártó detailed Suzuki's intentions to technologically revamp its Esztergom plant, placing a pronounced emphasis on enhancing digitalization and automation facets. The investment compass includes widening the spectrum of the bumper, painting, and welding sectors, procuring avant-garde machinery, and also bringing a solar power installation to fruition.

Szijjártó conveyed, “In today's global economic landscape, it's imperative to value and champion investments of this magnitude.” He reiterated the state's grant of HUF 1.9 billion (EUR 4.98 million) which will be instrumental in Suzuki bolstering its workforce in Hungary to a formidable 3,000.

Suzuki's vision aligns seamlessly with Hungary's ambition to fortify its stature in the European automotive panorama, especially as we venture deeper into this transformative automotive epoch.

Highlighting Suzuki's entrenched market presence in Hungary, Szijjártó drew attention to the Esztergom plant's laudable 12.5 percent market share in the previous year, earmarking it as Suzuki’s third-largest global investment. He concluded by lauding this latest initiative, anticipating it to amplify the footprint of Japanese corporate entities in Hungary.