Opel opens EUR 500mn engine plant in Hungary.

By bne IntelliNews September 21, 2012
The Hungarian unit of German car producer Opel has inaugurated a EUR 500mn engine plant at its base in Szentgotthard, western Hungary, MTI news agency reported. The building covers an area of 30,000 square meters. It will create some 800 new jobs. The car maker will start serial production of petrol engines by end-2012, while production of diesel motors will be launched at a later stage. The plant will be able to shift to production of different engine models in a short time, due to the use of flexible technology. German car maker Audi is expected to launch serial car production at its newly-built EUR 900mn production plant in the northwestern city of Gyor in 2013. Another German car maker, Daimler, has already started assembling B-class Mercedes passenger cars in Hungary in a plant in opened in March 2012. The company invested EUR 800mn in the factory, which is considered as one of the largest greenfield investment projects ever carried out in Hungary.

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